News Corporation (NASDAQ:NWSA) Q4 2024 Earnings Conference Call August 8, 2024 5:00 PM ET
Company Participants
Michael Florin - Senior Vice President & Head, Investor Relations
Robert Thomson - Chief Executive
Susan Panuccio - Chief Financial Officer
Conference Call Participants
David Karnovsky - JPMorgan
Kane Hannan - Goldman Sachs
Entcho Raykovski - Evans & Partners
Brian Han - Morningstar
Darren Leung - Macquarie
Lucy Huang - UBS
Alan Gould - Loop Capital
Craig Huber - Huber Research
Operator
Welcome to News Corp's Fourth Quarter and Full Year Fiscal 2024 Earnings Conference Call. Today's conference is being recorded. [Operator Instructions]
At this time, I would like to turn the conference over to Michael Florin, Senior Vice President and Head of Investor Relations. Please go ahead.
Michael Florin
Thank you very much, Operator. Hello, everyone, and welcome to News Corp's fiscal fourth quarter 2024 earnings call. We issued our earnings press release about 30 minutes ago, and it's now posted on our website at newscorp.com.
On the call today are Robert Thomson, Chief Executive; and Susan Panuccio, Chief Financial Officer. We will open with some prepared remarks, and then we'll be happy to take questions from the investment community.
This call may include certain forward-looking information with respect to News Corp's business and strategy. Actual results could differ materially from what is said. News Corp's Form 10-K and Form 10-Q filings identify risks and uncertainties that could cause actual results to differ and contain cautionary statements regarding forward-looking information.
Additionally, this call will include certain non-GAAP financial measurements such as total segment EBITDA, adjusted segment EBITDA and adjusted EPS. The definitions and GAAP to non-GAAP reconciliations of such measures can be found in the earnings release for the applicable periods posted on our website.
With that, I will pass it over to Robert Thomson for some opening comments.
Robert Thomson
Thank you, Mike.
Before we begin the examination of our excellent fourth quarter results, I would like to express our sincere gratitude to all who contributed to the amount of emancipation of Evan Gershkovich. His freedom was made possible by the concerted efforts of concerned principled people who recognized that his incarceration was unjust and immoral. And so many thanks are due to our leaders at Dow Jones, Emma Tucker and Almar Latour and to all at News Corp who campaigned vigorously for Evans release.
We also acknowledge the sterling work of the U.S. government, which I oversaw the handover and the role of several other enlightened governments whose divine interventions were crucial. As for the fourth quarter, revenues grew 6% from the prior year to almost $2.6 billion, while profitability improved by a healthy 11% to $380 million, a fourth quarter record for News Corp.