News Corp. reports $2.2B in revenue, 21% increase in digital real estate

The company was solidly in the black for the final fiscal-year quarter
  • Total operating expenses were about $1.3 billion, leaving the company with a profit of $89 million for the quarter and $177 million for the fiscal year.

News Corp., the global company that owns operator Move, Inc., reported its financial results for fiscal year 2016 — which ended in June — and it’s no surprise that the company’s recap is praising its digital real estate properties for their contributions to its bottom line.