News Corp A (NWSA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 923,000 | 895,000 | 840,000 | 701,000 | 592,000 | 465,000 | 460,000 | 324,000 | 330,000 | 327,000 | 369,000 | 575,000 | 812,000 | 725,000 | 731,000 | 716,000 | 450,000 | 156,000 | -1,029,000 | -1,220,000 |
| 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 |
| Pretax margin | 10.92% | 9.52% | 8.95% | 7.55% | 6.43% | 5.13% | 4.83% | 3.27% | 3.34% | 3.23% | 3.63% | 5.55% | 7.82% | 7.11% | 7.28% | 7.35% | 4.81% | 1.77% | -11.80% | -13.89% |
June 30, 2025 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $923,000K ÷ $8,452,000K
= 10.92%
The pretax margin of News Corp A exhibits notable fluctuations over the analyzed period. Starting from a significant negative value of -13.89% as of September 30, 2020, the margin improved markedly by December 31, 2020, reaching -11.80%. This positive trajectory continued into the first quarter of 2021, with the pretax margin turning positive at 1.77%, indicating the company's transition toward profitability on a pre-tax basis. The margin maintained an upward trend throughout 2021, reaching 7.35% by September 30, 2021, and stabilizing slightly lower at 7.28% by December 31, 2021.
Throughout 2022, the pretax margin remained relatively stable, fluctuating modestly around the 7% mark, with a slight decline to 5.55% by September 30 and further decreasing to 3.63% by December 31. The first half of 2023 continued with marginal declines, with margins of 3.23% and 3.34% respectively, and a slight decrease to 3.27% by September 30, 2023.
From late 2023 into 2024, the pretax margin demonstrated a positive trend, increasing to 4.83% by December 31, 2023, and further rising to 5.13% in the first quarter of 2024. The upward momentum persisted through the subsequent quarters, with margins reaching 6.43% by June 30, 2024, and 7.55% by September 30, 2024.
The margin continued its ascending trajectory into 2025, reflecting an improving profitability profile. It increased to 8.95% as of December 31, 2024, subsequently reaching 9.52% in the first quarter of 2025, and further ascending to 10.92% by June 30, 2025.
Overall, the pretax margin of News Corp A transitioned from a period of losses in 2020 to a consistent upward trend starting in 2021, with marked stabilization and subsequent improvement through 2023 and 2024 into 2025, indicating enhanced profitability and potentially improved operational efficiencies over the analyzed timeframe.
Peer comparison
Jun 30, 2025