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(Reuters) -Rupert Murdoch's News Corp on Thursday beat quarterly profit estimates thanks to its cost-cutting efforts and talked up how generative artificial intelligence will support future results.
For the first time, digital revenue accounted for over half of the company's total revenue for the full year, News Corp said.
"That momentum is surely gathering pace in the age of generative AI, which we believe presents a remarkable opportunity to create a new stream of revenues, while allowing us...
>>> Read more: News Corp beats profit estimates on cost cuts, touts AI boost to future sales
For the first time, digital revenue accounted for over half of the company's total revenue for the full year, News Corp said.
"That momentum is surely gathering pace in the age of generative AI, which we believe presents a remarkable opportunity to create a new stream of revenues, while allowing us...
>>> Read more: News Corp beats profit estimates on cost cuts, touts AI boost to future sales
