During the second quarter earnings conference call, News Corp. chief financial officer Lavanya Chandrashekar made the following comment:
Bundling subscriptions for the quarter improved by 45% year-over-year to over 950,000 while also benefiting from improved yield with the focus on the three product bundle of Wall Street Journal, MarketWatch and Barron’s. Print volume declined by 16% year-over-year, but its sequential decline was the lowest since the fourth quarter of fiscal 2021.
And later in the call made the following comment:
Some of the themes across each of our segments. At Dow Jones, the team remains focused on B2B growth, including upselling and new products across risk and compliance and Dow Jones Energy.
As Robert mentioned, for total Dow Jones, we expect to see improvement in growth in the second half. We expect expenses to be modestly higher year-over-year due to investment, notably in B2B. However, we will continue to focus on cost efficiencies to drive growth.
The full transcript can be found here.
