News Corp A (NWSA)
Pretax margin
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 923,000 | 546,000 | 330,000 | 812,000 | 450,000 |
| Revenue | US$ in thousands | 8,452,000 | 10,085,000 | 9,879,000 | 10,385,000 | 9,358,000 |
| Pretax margin | 10.92% | 5.41% | 3.34% | 7.82% | 4.81% |
June 30, 2025 calculation
Pretax margin = EBT ÷ Revenue
= $923,000K ÷ $8,452,000K
= 10.92%
The pretax margin of News Corp A over the analyzed period demonstrates notable fluctuations, reflecting varying levels of operational profitability before tax expenses. As of June 30, 2021, the pretax margin stood at 4.81%, indicating a relatively modest profit before tax relative to revenues. This margin increased substantially to 7.82% by June 30, 2022, suggesting improved operational efficiency or higher revenue relative to costs during that period.
However, the pretax margin declined sharply to 3.34% by June 30, 2023, falling below the initial level observed in 2021, which may point to increased expenses, reduced profitability, or challenging market conditions affecting earnings before tax. The margin then rebounded to 5.41% by June 30, 2024, displaying a recovery in pre-tax profitability. The most significant change is observed in the subsequent period, where the pretax margin surged to 10.92% by June 30, 2025. This marked increase indicates a substantial improvement in operational performance or cost management, resulting in a higher proportion of revenue being retained as profit before taxes.
Overall, the pretax margin has exhibited considerable variability within the analyzed timeframe, with signs of recovery and growth evident particularly in the last fiscal year. Such trends may be indicative of strategic operational adjustments, revenue growth, or cost control measures undertaken during the period.
Peer comparison
Jun 30, 2025