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    Lucy Huang

    Research Analyst at UBS

    Lucy Huang is an Analyst at UBS in New York, focusing on equity research within the financial sector. She covers major financial institutions and leverages her analytical acumen to support investment recommendations and sector reports. Lucy began her career at UBS and has developed expertise in analyzing the performance and fundamentals of top-tier banks and diversified financial companies. She holds a B.A. in Economics from the University of Chicago, an MBA with a concentration in Finance from The Wharton School, and maintains professional registration with FINRA, reflecting her credentials in securities analysis and investment advisory.

    Lucy Huang's questions to NEWS (NWSA) leadership

    Lucy Huang's questions to NEWS (NWSA) leadership • Q1 2025

    Question

    Lucy Huang asked about the growth outlook for Dow Jones's Professional Information Business, noting the recent 8% growth was below prior levels, and questioned if new AI products could re-accelerate it to the mid-teens.

    Answer

    CEO Robert Thomson clarified that underlying growth remains strong in Risk & Compliance (16%) and Energy (11%). CFO Susan Panuccio specified that a customer dispute at Factiva negatively impacted the overall growth rate by approximately 6 percentage points. Without this dispute, the growth would have been in line with previous expectations.

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    Lucy Huang's questions to NEWS (NWSA) leadership • Q4 2024

    Question

    Lucy Huang asked about the cost outlook for fiscal 2025, noting the strong cost control in the past year and recent restructuring efforts in Australia.

    Answer

    Susan Panuccio, CFO, provided a segment-by-segment outlook. She expects News Media to benefit from cost savings in the U.K. and Australia. Dow Jones costs are projected to increase mid-single digits to support B2B growth, while HarperCollins' costs have stabilized, with margins expected to be broadly consistent.

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