News Corp. shares sank nearly 11 percent to $13.63 in NY, their biggest drop since the company split from Murdoch's 21st Century Fox Inc.in June 2013, after being down 5.9 percent this year through Thursday.
The company's news business, which houses the Wall Street Journal and the New York Post, made $1.29 billion in revenue, rising 1 percent from a year earlier and accounting for nearly half of overall revenue as the number of digital subscribers grew.More news: Tottenham stands pat during a busy Premier League transfer window
Revenues for the quarter rose to 29 percent to $2.69 billion from $2.08 billion previous year.
The digital real estate services unit reported a revenue rise of 19 per cent.
The number of subscribers to Foxtel grew 2% to 2.8 million in the year to 30 June 2018.
Revenue growth reflects the inclusion of Foxtel's results, continued strong growth in the Book Publishing and Digital Real Estate Services segments and a $29 million positive impact from foreign currency fluctuations.More news: Proposed ICBC rates aimed at punishing bad drivers, rewarding good ones
Thomson did not divulge digital subscriber figures but an earnings report to the stock market detailed a jump in Australian subscriptions from 363,600 last year to 415,600 this year.
In the quarter, advertising revenue declined $12 million, or 2%, globally, but this was more than made up by 5% growth in subscriptions to $26 million.
Among the major themes from this past year and Q4 were the steps that News Corp. took "to stabilize" its News and Information Services segment, where "tangible improvement" was accomplished "through a combination of cost initiatives and digital investments", Panuccio said. "Mastheads like The Times, The Sunday Times and The Wall Street Journal reached new heights in their digital transformation, with digital paid subscribers now exceeding print subscribers", he explained.
"News Corp is now a more substantial company after the Foxtel transaction, with a much higher percentage of recurring, subscription-based revenues, which should help offset a volatile advertising environment". The new Foxtel is focused on product innovation and leveraging its valuable content.More news: Tesla's board might not know where Elon's 'secure' funding is coming from
Five years ago News Corp underwent a restructure that saw its entertainment assets spun off into a separate company from its publishing businesses, including Harper Collins.