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Press Release: News Corporation Reports Second -6-

· 02/04/2021 16:40
For the three months ended December 31, 2020 ------------------------------------------------------------------------------------------- Impact of Net Impact Foreign of U.K. As Impact of Impact of Currency Newspaper Reported Acquisitions Divestitures Fluctuations Matters As Adjusted ---------- ---------------- ---------------- ---------------- ----------- ------------ (in millions) Revenues: Digital Real Estate Services $ 339 $ -- $ -- $ (12) $ -- $ 327 Subscription Video Services 511 -- -- (33) -- 478 Dow Jones 446 -- -- (3) -- 443 Book Publishing 544 (13) -- (5) -- 526 News Media 573 (1) -- (22) -- 550 Other 1 -- (1) -- -- -- --------- ---------- ---- --------- ---- ---------- ---- ----------- --------- Total Revenues $ 2,414 $ (14) $ (1) $ (75) $ -- $ 2,324 ----- --- ----- --- --- ---- ---- --- ----- --- ---- ----- ----- Segment EBITDA: Digital Real Estate Services $ 142 $ 6 $ -- $ (7) $ -- $ 141 Subscription Video Services 124 -- -- (8) -- 116 Dow Jones 109 -- -- (1) -- 108 Book Publishing 104 (3) -- -- -- 101For the three months ended December 31, ---------------------------------------------------- 2020 2019 % Change --------------- --------------- ------------------ (in millions) Better/(Worse) Adjusted Revenues: Digital Real Estate Services $ 327 $ 294 11 % Subscription Video Services 478 501 (5) % Dow Jones 443 429 3 % Book Publishing 526 441 19 % News Media 550 604 (9) % Other -- -- -- % ----------- ----------- -------- --- Adjusted Total Revenues $ 2,324 $ 2,269 2 % ------- ------- -------- --- Adjusted Segment EBITDA: Digital Real Estate Services $ 141 $ 118 19 % Subscription Video Services 116 70 66 % Dow Jones 108 76 42 % Book Publishing 101 63 60 % News Media 64 61 5 % Other (44) (38) (16) % ----------- ----------- -------- Adjusted Total Segment EBITDA $ 486 $ 350 39 % ------- ------- -------- --- For the six months ended December 31, ---------------------------------------------------- 2020 2019 % Change --------------- --------------- ------------------ (in millions) Better/(Worse) Adjusted Revenues: Digital Real Estate Services $ 611 $ 566 8 % Subscription Video Services 954 1,015 (6) % Dow Jones 828 811 2 % Book Publishing 971 846 15 % News Media 1,017 1,161 (12) % Other -- -- -- % ----------- ----------- -------- --- Adjusted Total Revenues $ 4,381 $ 4,399 -- % ------- ------- -------- --- Adjusted Segment EBITDA: Digital Real Estate Services $ 257 $ 201 28 % Subscription Video Services 190 151 26 % Dow Jones 180 125 44 % Book Publishing 170 112 52 % News Media 42 56 (25) % Other (92) (83) (11) % ----------- ----------- -------- --- Adjusted Total Segment EBITDA $ 747 $ 562 33 % ------- ------- -------- ---Fiscal Year 2021 ------------------ Q1 Q2 -------- -------- U.S. Dollar per Australian Dollar $0.71 $0.73 U.S. Dollar per British Pound Sterling $1.29 $1.32 Fiscal Year 2020 ------------------ Q1 Q2 -------- -------- U.S. Dollar per Australian Dollar $0.69 $0.68 U.S. Dollar per British Pound Sterling $1.23 $1.29Revenues Total Segment EBITDA -------------------------------- ------------------------------ For the three months ended For the three months ended December 31, December 31, -------------------------------- ------------------------------ 2020 2019 Difference 2020 2019 Difference ------- ------- -------------- ----- ----- ---------------- (in millions) (in millions) As reported $2,414 $2,479 $ (65) $497 $355 $ 142 Impact of acquisitions (14) -- (14) 3 -- 3 Impact of divestitures (1) (210) 209 1 (4) 5 Impact of foreign currency fluctuations (75) -- (75) (18) -- (18) Net impact of U.K. Newspaper Matters -- -- -- 3 (1) 4 ------ ------ -------- ---- ---- ---- -------- ---- As adjusted $2,324 $2,269 $ 55 $486 $350 $ 136 ===== ===== ==== ==== === === ==== ==== Revenues Total Segment EBITDA -------------------------------- ------------------------------ For the six months ended For the six months ended December 31, December 31, -------------------------------- ------------------------------ 2020 2019 Difference 2020 2019 Difference ------- ------- -------------- ----- ----- ---------------- (in millions) (in millions) As reported $4,531 $4,819 $ (288) $765 $576 $ 189 Impact of acquisitions (24) -- (24) 2 -- 2 Impact of divestitures (1) (420) 419 1 (15) 16 Impact of foreign currency fluctuations (125) -- (125) (26) -- (26) Net impact of U.K. Newspaper Matters -- -- -- 5 1 4 ------ ------ --------- --- ---- ---- -------- ---- As adjusted $4,381 $4,399 $ (18) $747 $562 $ 185 ===== ===== ===== === === ==== ====

The following tables reconcile reported revenues and reported Total Segment EBITDA to Adjusted Revenues and Adjusted Total Segment EBITDA for the three and six months ended December 31, 2020 and 2019:

Foreign Exchange Rates

Average foreign exchange rates used in the calculation of the impact of foreign currency fluctuations for each of the three month periods in the six months ended December 31, 2020 and 2019 are as follows:

Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and six months ended December 31, 2020 and 2019 are as follows:

The following tables reconcile reported revenues and Segment EBITDA by segment to Adjusted Revenues and Adjusted Segment EBITDA by segment for the three and six months ended December 31, 2020 and 2019:

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February 04, 2021 16:40 ET (21:40 GMT)