In 2023, News Corp.'s book publishing revenue decreased by 10 percent year over year, decreasing from 2.19 billion U.S. dollars to over 1.98 billion. Drop was attributed to a number of factors, including lower print and digital book sales, mainly in the U.S. market, driven by lower consumer demand industry-wide and weak frontlist performance. Also, The impact of foreign currency fluctuations of the U.S. dollar against local currencies resulted in a revenue decrease of 58 million U.S. dollar for the fiscal year 2023 as compared to fiscal 2022.
Year-over-year revenue change in News Corp.'s book publishing segment worldwide from 2020 to 2023
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News Corp. (August 15, 2023). Year-over-year revenue change in News Corp.'s book publishing segment worldwide from 2020 to 2023 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1285263/news-corp-book-publishing-revenue-change/
News Corp. "Year-over-year revenue change in News Corp.'s book publishing segment worldwide from 2020 to 2023." Chart. August 15, 2023. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1285263/news-corp-book-publishing-revenue-change/
News Corp. (2023). Year-over-year revenue change in News Corp.'s book publishing segment worldwide from 2020 to 2023. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1285263/news-corp-book-publishing-revenue-change/
News Corp. "Year-over-year Revenue Change in News Corp.'s Book Publishing Segment Worldwide from 2020 to 2023." Statista, Statista Inc., 15 Aug 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1285263/news-corp-book-publishing-revenue-change/
News Corp, Year-over-year revenue change in News Corp.'s book publishing segment worldwide from 2020 to 2023 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1285263/news-corp-book-publishing-revenue-change/ (last visited September 20, 2024)
Year-over-year revenue change in News Corp.'s book publishing segment worldwide from 2020 to 2023 [Graph], News Corp, August 15, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1285263/news-corp-book-publishing-revenue-change/