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.

Indices Shares REA Group Beach Energy Revenue Dividend

Article publication date: 2025-02-07T01:05:05+0000

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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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