The company posted an adjusted loss of one cent per share on $1.97 billion in revenue. Analysts projected the global media company to report breakeven on $1.96 billion in revenue, according to a Thomson Reuters consensus estimate.
The stock climbed as much as 5 percent in extended trading.
Chief Executive Robert Thomson said the company has made "real progress" on its digital revenue streams. He said that print advertising challenges were partially offset by "higher digital revenues and disciplined cost initiatives."
News Corp.'s news and information services unit, which includes Dow Jones and The Wall Street Journal, brought in $1.24 billion in revenue during the quarter. Analysts expected the segment to bring in $1.23 billion in revenue, according to a StreetAccount consensus estimate.
"We continue to push digital, which accounted for 24% of segment revenues this quarter, up from 20% in the prior year," Thomson said in a statement. "While we invest in high quality, premium content, this will be balanced with ongoing cost initiatives, as is evident from Dow Jones' planned strategic reduction in spending and its focus on growing digital subscribers."
The segment has seen year-over-year declines in revenue in recent quarters. But last quarter, the segment saw year-over-year revenue growth of $13 million or nearly 1 percent.