Digital revenues at the Dow Jones segment represented 82% of total revenues, indicating a successful transition to digital business models. Digital sales at Book Publishing increased by 15%, driven by strong market growth for audiobooks and e-book sales.

Revenues at REA Group increased $57 million, or 22%, primarily due to higher Australian residential revenues and higher revenues from REA India. This demonstrates successful expansion into new geographic markets.

The Company previously announced that in response to third party interest, it was reviewing strategic and financial options for the Foxtel Group, including its capital structure and assets. There is no assurance regarding the timing of any action or transaction, nor that the strategic review will result in a transaction or other strategic change.

Operating expenses decreased $10 million, or 1%, driven by cost savings from the combination of News UK's printing operations with those of DMG Media and other cost savings initiatives. This indicates effective cost management by the company.

Higher expenses at the Subscription Video Services segment are driven by costs related to the Hubbl product, indicating investment in new product development. This suggests a focus on innovation and future growth, although it impacts short-term profitability.

Higher costs at the Digital Real Estate Services segment are driven by REA Group, including $12 million of costs related to the withdrawn offer to acquire Rightmove. This suggests a strategic shift or re-evaluation of M&A priorities.

The 10-Q states that there have been no material changes to the risk factors described in the 2024 Form 10-K, indicating a stable risk environment, although the existing risk factors remain relevant.

Revenues at Move decreased $2 million, or 1%, driven by the continued impact of the macroeconomic environment on the U.S. housing market. This highlights the vulnerability of the business to external economic factors.

Advertising revenues decreased $10 million, or 5%, due to lower digital advertising revenues at News UK, mainly due to a decline in traffic at some mastheads due to algorithm changes at certain platforms. This highlights the risk of reliance on third-party platforms for digital advertising revenue.

Foxtel Group's streaming subscription revenues increase due to increased volume and pricing at Kayo and BINGE, indicating a competitive response to the evolving media landscape. However, they also face lower residential subscription revenues resulting from fewer residential broadcast subscribers.

Revenues at REA Group increased $57 million, or 22%, primarily due to higher Australian residential revenues driven by price increases, increased depth penetration and growth in national listings. This demonstrates a strong competitive position in its core market.

Professional information business revenues increased $17 million, or 8%, primarily due to new customers, new products and price increases. This indicates a strong competitive position in its core market.

Segment EBITDA at the News Media segment increased by $2 million, or 14%, driven by cost savings from the combination of News UK's printing operations with those of DMG Media and other cost savings initiatives. This demonstrates improved operational efficiency.

Depreciation and amortization expense increased $18 million, or 11%, driven by higher depreciation of capitalized software costs, primarily at the Subscription Video Services and Digital Real Estate Services segments. This indicates investment in technology and software, but also increased operating costs.

Net cash provided by (used in) operating activities improved by $119 million, primarily due to lower working capital and higher Total Segment EBITDA. This demonstrates effective management of working capital.

Higher expenses at the Subscription Video Services segment are driven by costs related to the Hubbl product, indicating investment in new product development. This suggests a focus on innovation and future growth, although it impacts short-term profitability.

Digital sales increased by 15% as compared to the corresponding period of fiscal 2024 driven by strong market growth for audiobooks, including the contribution from the Spotify partnership and Hillbilly Elegy by J.D. Vance, as well as growth in e-book sales. This shows innovation in delivery methods.

Advertising revenues decreased $10 million, or 5%, as compared to the corresponding period of fiscal 2024, due to lower digital advertising revenues at News UK, mainly due to a decline in traffic at some mastheads due to algorithm changes at certain platforms. This highlights the importance of adapting to technological changes.

The Company continued its stock repurchase program, purchasing $38 million of shares during the quarter. As of September 30, 2024, the remaining authorized amount under the Repurchase Program was approximately $422 million.

In August 2024, the Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock. The dividend was paid on October 9, 2024 to stockholders of record as of September 11, 2024.

Net cash used in investing activities decreased by $23 million for the three months ended September 30, 2024, as compared to the three months ended September 30, 2023, driven by $29 million of lower capital expenditures, primarily at Foxtel. This may indicate a shift in investment priorities or a slowdown in capital projects.

The provided 10-Q filing does not contain any specific information or discussion related to Environmental, Social, and Governance (ESG) initiatives. Therefore, it is not possible to assess the company's performance or commitments in this area based on this document alone.

The impact of foreign currency fluctuations of the U.S. dollar against local currencies resulted in a revenue increase of $35 million, or 1%. The impact of foreign currency fluctuations of the U.S. dollar against local currencies resulted in an Operating expense increase of $15 million, or 1%.

Revenues at Move decreased $2 million, or 1%, driven by the continued impact of the macroeconomic environment on the U.S. housing market. This highlights the vulnerability of the business to external economic factors.

The Company has assessed the potential impact of global minimum tax proposals in the jurisdictions where it operates, including available transitional safe harbor relief which provides more simplified measures, on its consolidated financial statements and related disclosures. Based on its assessment, these rules are not expected to have a material impact on the Company's results of operations.