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Sam Altman-led OpenAI has signed a deal to bring News Corp's news content to the artificial intelligence platform, the companies said on Wednesday.
The content-licensing pact aims to cash in on a technology that promises to have a profound impact on the news-publishing industry.
News Corporation (NASDAQ:NWSA ) Q3 2024 Earnings Conference Call May 8, 2024 5:00 PM ET Company Participants Michael Florin - Senior Vice President & Head, Investor Relations Robert Thomson - Chief Executive Susan Panuccio - Chief Financial Officer Conference Call Participants Entcho Raykovski - Evans & Partners David Karnovsky - JPMorgan Alan Gould - Loop Capital Craig Huber - Huber Research Darren Leung - Macquarie Lucy Huang - UBS Brian Han - Morningstar Jamie Laskovski - Goldman Sachs Operator Welcome to News Corp's Third Quarter Fiscal 2024 Earnings Conference Call. Today's conference is being recorded.
The headline numbers for News Corp. (NWSA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
News Corp. (NWSA) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.09 per share a year ago.
Media conglomerate News Corp on Wednesday missed Wall Street estimates for third-quarter revenue, weighed down by a sluggish advertising market and lower physical book sales at its book publishing business.
[Note: News Corp Fiscal Year Ends in June]
Besides Wall Street's top -and-bottom-line estimates for News Corp. (NWSA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2024.
Rupert Murdoch's News Corp and the owner of the Daily Mail have held talks about a potential joint takeover of the Telegraph alongside the UAE-backed investment fund RedBird IMI, Bloomberg News reported on Monday, citing people familiar with the matter.
News Corp. (NWSA) reported earnings 30 days ago. What's next for the stock?