(Reuters) – Media conglomerate News Corp topped Wall Street estimates for fourth-quarter revenue on Tuesday, driven by steady growth in digital subscriptions from its Dow Jones segment.
The company benefited from rising demand for digital content at its Dow Jones division, which includes brands such as The Wall Street Journal, Barron’s, MarketWatch and Investor’s Business Daily.
Dow Jones reported a 6.7% rise in revenue to $604 million in the quarter, compared to $566 million a year earlier.
Revenue in the quarter came in at $2.11 billion, beating analysts’ estimates of $2.10 billion, according to data compiled by LSEG.
(Reporting by Harshita Mary Varghese in Bengaluru; Editing by Tasim Zahid)
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