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(Reuters) -News Corp on Thursday beat Wall Street estimates for third-quarter revenue on cost-cut measures and strong digital subscriptions across its professional data and news platforms, sending the media conglomerate's shares up 5% after the bell.
The company's acquisition of U.S. oil pricing agency Oil Price Information Service in 2021 to bolster its business data and analytics offerings has boosted its revenue at a time when media companies are struggling with a tough advertising market.
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>>> Read more: News Corp beats revenue estimates on subscriptions growth, cost cuts
The company's acquisition of U.S. oil pricing agency Oil Price Information Service in 2021 to bolster its business data and analytics offerings has boosted its revenue at a time when media companies are struggling with a tough advertising market.
...
>>> Read more: News Corp beats revenue estimates on subscriptions growth, cost cuts
