Dow Jones-owner News Corp misses quarterly revenue estimates

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 9 (Reuters) - Media conglomerate News Corp missed second-quarter revenue estimates on Thursday, as its news and digital real estate businesses took a hit from a slump in ad spending and a weak housing market in an uncertain economy. Revenue was $2.52 billion in the second quarter ended Dec. 31. Analysts on average expected a revenue of $2.55 billion, according to Refinitiv data. (Reporting by Chavi Mehta in Bengaluru)

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