The company posted second-quarter earnings of 19 cents per share on $2.12 billion in revenue. Analysts expected the global media company to report earnings of 18 cents per share on $2.12 billion in revenue, according to Thomson Reuters consensus estimates.
The stock was little changed in after-hours trade.
News Corp.'s news and information services unit, which includes Dow Jones and The Wall Street Journal, brought in $1.3 billion in revenue during the quarter. That figure is down 7 percent from the $1.4 billion the segment reported in the comparable year ago period.
Analysts expected the news and information segment to report $1.34 billion in revenue, according to a StreetAccount consensus estimate.
Chief Executive Robert Thomson said the company is "especially confident" in its news brands. He said that the Journal now has more than 2.1 million paid subscribers and that, for the first time, half of them are digital.