AU market earnings: News Corp beats revenue estimates
Life360's 20% revenue growth, News Corp's 6% rise, and QBA Insurance's doubled profit highlight a strong earnings season across key sectors.
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This video was created on 9 August for IG audiences by ausbiz.
Corporate earnings show strong performance
In a standout quarter, Life360reported a 20% revenue increase to $84.9 million post-IPO, driven by significant subscriber growth. Despite projecting a full-year loss, the family-oriented app forecasts positive earnings by 2025. News Corp also impressed, surpassing revenue expectations with a 6% rise to $2.58 billion, fuelled by gains in its Dow Jones and Australian real estate sectors. QBA Insurance doubled its half-year profit, benefiting from higher premiums and robust investment returns, reflecting optimistic analyst sentiment across several sectors.
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