News Corp quarterly profit more than doubles, revenue climbs to beat Wall Street expectations
1. NWSA reported $107 million net income, up from $64 million last year. 2. Q3 revenue increased to $2.01 billion, exceeding Wall Street's expectations. 3. Digital growth, restructured assets boosted earnings significantly, according to CEO Thomson. 4. Sale of Foxtel for $2.1 billion strengthened NWSA's balance sheet. 5. CEO emphasized importance of quality journalism amid AI growth challenges.