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NWSA's earnings exceed expectations, indicating strong operational performance, akin to previous earnings surprises that boosted stock price.
What happened, with direct paths to the underlying reporting
NWSA reported $107 million net income, up from $64 million last year. Q3 revenue increased to $2.01 billion, exceeding Wall Street's expectations. Digital growth, restructured assets boosted earnings significantly, according to CEO Thomson. Sale of Foxtel for $2.1 billion strengthened NWSA's balance sheet. CEO emphasized importance of quality journalism amid AI growth challenges.
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