business / news / / The Motley Fool Australia
News Corporation (ASX: NWS) shares are looking like a good buy according to UBS, following a strong third-quarter result.
News Corp's third-quarter revenue rose 9% to US$2.19 billion, surpassing expectations.
KEY POINTS
- REA Group, partly owned by News Corp, increased its revenue by 20% to US$325 million.
- News Corp finalized a content deal with Meta, adding to its partnership with OpenAI.
- UBS raised its price target for News Corp shares to $56, significantly above the current $42.90.
COMPANIES
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