The Company entered into a definitive agreement to sell Foxtel to DAZN Group Limited. News Corp will receive a minority equity interest in DAZN of approximately 6% and hold one seat on its Board of Directors.

REA Group's revenues increased 17% to $343 million for the three months ended December 31, 2024. The increase was due to higher Australian residential revenues driven by price increases, increased depth penetration and growth in national listings, higher revenues from REA India.

Operating expenses decreased by 1% for the three months ended December 31, 2024, primarily due to lower expenses at the News Media segment driven by cost savings from the combination of News UK's printing operations with those of DMG Media and other cost savings initiatives.

Digital revenues represented 81% of total revenues at the Dow Jones segment for the three months ended December 31, 2024, as compared to 78% in the corresponding period of fiscal 2024.

There have been no material changes to the risk factors described in the 2024 Form 10-K.

The Company routinely is involved in various legal proceedings, claims and governmental inspections or investigations. The outcome of these matters and claims is subject to significant uncertainty.

The Company repurchased 1.5 million shares for $40 million during the three months ended December 31, 2024. As of December 31, 2024, the remaining authorized amount under the Repurchase Program was approximately $382 million.

In February 2025, the Company's Board of Directors declared a semi-annual cash dividend of $0.10 per share for Class A Common Stock and Class B Common Stock.

Global minimum tax legislation will generally be effective for the Company's financial year beginning on July 1, 2024. The Company has assessed the potential impact of global minimum tax proposals in the jurisdictions where it operates.