May 5, 2010 -
PRLog -- News Corp announced yesterday its results for the quarter ending March 2010. Total revenue reached $8.8 billion which represents a 19% increase, up $1.4 billion, compared with the same period in 2009. Operating income increased 55% y-o-y to reach $1.25 billion while net income decreased 69% to $861 million year on year.
The filmed entertainment division reported an operating income of $497 million, up 76% from the same period a year earlier and a record for the highest operating income of any fiscal quarter for the segment. The results are attributed to the theatrical performance of the 3D blockbuster “Avatar”, the highest grossing film of all time with total worldwide box office receipts of over $2.7 billion, as well as strong performance of News Corp’s home entertainment business.
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