Communication Services
Entertainment
$15.72B
23.9K
Key insights and themes extracted from this filing
Total revenues increased by 3% to $2.586 billion for the three months ended December 31, 2023. This growth was primarily driven by the Digital Real Estate Services and Book Publishing segments, indicating strength in these areas.
Net income increased by 95% to $183 million for the three months ended December 31, 2023, compared to $94 million in the prior year. This increase was primarily driven by higher Total Segment EBITDA, higher Other, net, and lower losses from equity affiliates.
The effective tax rate was higher than the U.S. statutory tax rate due to foreign operations which are subject to higher tax rates and by valuation allowances recorded against tax benefits in certain businesses. This could impact future profitability.