Pay TV helps News Corp top forecast
The company, controlled by billionaire Rupert Murdoch, also benefited from raising its stake in satellite TV company Sky Deutschland. It now holds a majority stake.
Net income jumped to 2.85 billion US dollars (£1.83 billion), or 1.22 dollars per share, from 937 million dollars (£603 million), or 38 cents per share, a year ago.
Excluding items such as the one-time 2.1 billion dollar (£1.35 billion) profit related to Sky Deutschland, adjusted earnings came to 36 cents per share, a penny better than expected by analysts surveyed by FactSet.
Revenue rose 14% to 9.54 billion dollars (£6.14 billion), also better than the 9.14 billion dollars (£5.88 billion) expected by analysts.