News Corp B (NWS)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 0 | 9,401,000 | 9,386,000 | 9,283,000 | 9,205,000 | 9,061,000 | 8,046,000 | 6,964,000 | 5,490,000 | 5,731,000 | 5,826,000 | 6,043,000 | 6,111,000 | 4,470,000 | 4,372,000 | 4,150,000 | 3,846,000 | 3,781,000 | 3,629,000 | 3,548,000 |
| Revenue (ttm) | US$ in thousands | 8,452,000 | 9,401,000 | 9,386,000 | 9,283,000 | 9,205,000 | 9,061,000 | 9,514,000 | 9,900,000 | 9,879,000 | 10,120,000 | 10,165,000 | 10,361,000 | 10,385,000 | 10,203,000 | 10,046,000 | 9,743,000 | 9,358,000 | 8,789,000 | 8,720,000 | 8,785,000 |
| Gross profit margin | 0.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 84.57% | 70.34% | 55.57% | 56.63% | 57.31% | 58.32% | 58.84% | 43.81% | 43.52% | 42.59% | 41.10% | 43.02% | 41.62% | 40.39% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $0K ÷ $8,452,000K
= 0.00%
The gross profit margin of News Corp B has exhibited notable fluctuations over the observed period, indicating varying profitability levels in its core operations. From September 30, 2020, through March 31, 2021, the margin remained relatively stable, ranging between approximately 40.39% and 43.02%, suggesting a steady ability to control cost of goods sold relative to revenue.
Subsequently, a significant increase in gross profit margin is observed starting from June 30, 2021, where it rose to approximately 58.84%. This upward trend continued through the next quarters, reaching a peak of approximately 70.34% on September 30, 2023, and further escalating to an unprecedented 84.57% by December 31, 2023. The margins then saturated at 100% from March 31, 2024, through subsequent periods, indicating an extraordinary or non-recurring recognition of gross profit, potentially reflective of extraordinary accounting adjustments, revenue recognition changes, or shifts in business composition.
The rapid increase culminating in 100% gross profit margin suggests a significant alteration in the company's revenue and cost structure, such as the sale of low-margin or loss-making assets or other extraordinary items. The final data point shows a sharp decline to 0% in June 2025, which may indicate a drastic operational change, liquidation, or a reclassification of financial data.
Overall, the progression from modest margins to extraordinary peaks and subsequent sharp declines demonstrates evolving operational dynamics, possibly driven by internal strategic shifts or accounting practices. The current sustained 100% margins warrant further investigation to understand the underlying causes, such as revenue composition, cost adjustments, or exceptional accounting entries.
Peer comparison
Jun 30, 2025