ASX 200 reporting season: News Corp
Explore the robust financial performances of News Corp and REA Group, with impressive revenue growth and dividend increases, alongside key updates from Beach Energy and Pexa Group.
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This video was created on 6 February for IG audiences by ausbiz.
Key financial results
News Corp (ASX:NWS)
Second quarter (Q2) 2025:
- Revenue: US$2.24 billion
- Revenue growth: 5% year-over-year (YoY)
- Net income: US$306 million
- Net income growth: 58% YoY
- EBITDA: US$478 million, up 20%
News Corp experienced a fruitful quarter, driven by strong performances in Australian residential revenues, the Aria Group, book publishing, and the Dow Jones segment. Despite a 2% decline in news media revenue due to lower revenues from the transfer of third-party printing contracts and decreased advertising revenue, the company reported an adjusted earnings per share (EPS) of US$0.33, up from US$0.27 in the prior period. The market responded positively, with shares rising over 6%.
REA Group (ASX:REA)
First half (H1) 2025:
- Revenue: A$873 million
- Revenue growth: 20% YoY
- Net profit: A$314 million
- Net profit growth: 26% YoY
- Interim dividend: A$1.10 per share, fully franked
REA Group reported a strong first half, despite the announcement of CEO Owen Wilson's retirement. The company declared a 26% increase in its interim dividend.
Beach Energy (ASX:BPT)
First half (H1) 2025:
- Sales revenue: A$990 million
- Sales revenue growth: 5% YoY
- Underlying profit: A$587 million, up 20%
- Interim dividend: A$0.03 per share, fully franked
Beach Energy narrowed its guidance range for the full year to between 18.5 and 25 million barrels of oil, implying potential consensus downgrades. Despite this, the company declared a 50% increase in its interim dividend.
Pexa Group (ASX:PXA)
Financial year (FY) 2025:
- Impairment forecast: A$35-40 million, up from A$15-20 million
Pexa Group announced a significant increase in its impairment forecast and the resignation of CEO Liz Vance.
Magellan Financial Group (ASX:MFG)
January 2025:
- Total funds under management: A$39.1 billion, up from A$38.6 billion in December
Magellan Financial reported flat retail and institutional flows for January. Despite this, the share price remained unchanged.
Broker moves and upcoming earnings
- UBS upgraded Wesfarmers to neutral, citing underestimated Bunnings growth and raising its price target to A$76 per share.
- Macquarie lifted Amcor's price target to A$10.20 per share, maintaining an outperform rating.
- Citi upgraded Trust from sell to neutral, setting the price target at A$3.40 per share.
Investors can look forward to upcoming results from AGL Energy, Charter Hall Retail REIT, Nick Scali, and Lithium Energy.
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