News (NWSA) Revenue — Quarter Ended Mar 31, 2023
Revenue declined compared to both the prior quarter and the same quarter last year. The decrease reflects lower contributions from several operating segments.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue declined compared to both the prior quarter and the same quarter last year. The decrease reflects lower contributions from several operating segments.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.4B
Revenue reported for this quarter.
Quarter-over-quarter
-2.9%
Change from the immediately preceding quarter.
Year-over-year
-1.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.7B | +7.3% |
| Sep 30, 2022 | $2.5B | -1.0% |
| Dec 31, 2022 | $2.5B | -7.2% |
| Mar 31, 2023 | $2.4B | -1.8% |
Revenue performance
Total revenue decreased from the preceding quarter and from the year-ago period. The decline was broad-based, with most revenue categories showing lower figures.
Quarterly comparison
Compared to the immediately preceding quarter, revenue was lower. Versus the same quarter one year earlier, revenue also declined.
What to watch
Monitor whether revenue trends stabilize or continue to decline in upcoming quarters.