News Corp A (NWSA)
Gross profit margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,257,000 | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 |
| Revenue | US$ in thousands | 8,452,000 | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 |
| Gross profit margin | 50.37% | 100.00% | 100.00% | 100.00% | 100.00% |
June 30, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,257,000K ÷ $8,452,000K
= 50.37%
Based on the provided data, News Corp A's gross profit margin has demonstrated a consistent and stable trend over the listed periods, maintaining a 100.00% margin from June 30, 2021, through June 30, 2024. This implies that the company effectively retained all revenue as gross profit during this timeframe, suggesting either minimal or negligible cost of goods sold (COGS) or possibly an accounting reporting anomaly where costs are not being deducted from revenues in the gross profit calculation.
A significant shift is observed at June 30, 2025, when the gross profit margin declines sharply to 50.37%. This substantial reduction indicates that the company's cost structure underwent a notable change, such as an increase in COGS or other direct expenses exceeding half of the revenue, thereby reducing the gross profit relative to sales. The deviation from a 100% margin to just over 50% may reflect operational or strategic adjustments, such as increased costs of raw materials, expansion of higher-cost product lines, changes in accounting policies, or perhaps industry-specific factors affecting the company's gross profitability.
Overall, the trend points to a period of stability with an anomalous spike or possibly an issue in accounting detail up to mid-2024, followed by a major decline in gross profitability in June 2025, which warrants further investigation into operational, strategic, or accounting changes occurring during that year.
Peer comparison
Jun 30, 2025