News Corporation has released its financial results for the fiscal year ended June 30, 2024, reporting a 3% increase in revenues, totaling $240 million compared to fiscal 2023. This growth was primarily driven by higher revenues in the Digital Real Estate Services segment, notably due to increased Australian residential revenues at REA Group. The Book Publishing segment also contributed with improved returns in the U.S. and higher digital book sales. However, these gains were partially offset by lower revenues at Move, impacted by the macroeconomic environment on the U.S. housing market. In terms of net income, News Corporation stockholders saw a rise to $266 million from $149 million the previous year, marking a 79% increase. This improvement follows a challenging fiscal 2023, where revenues had decreased by $425 million, or 5%, compared to fiscal 2022, influenced by factors such as lower consumer demand affecting the Book Publishing segment and the absence of a 53rd week in fiscal 2023. The company continues to face challenges from foreign currency fluctuations, which had a positive impact on the Publishing segment but were offset by higher costs associated with newsprint, TalkTV, and other digital investments, primarily at News Corp Australia. Cost savings initiatives have been implemented to mitigate these expenses.