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# MySpace Lost $150M In Last 3 Months
- URL: https://www.hypebot.com/myspace-lost-150m-in-last-3-months/
- Published: 2010-05-05T11:18:45.000Z
- Updated: 2010-05-05T11:18:45.000Z
- Description: MySpace lost parent News Corp. $150 million for the quarter that ended March 31st compared with an $88 million loss a year earlier. The fall of MySpace was just one. Continue reading [https://www.hypebot.com/hypebot/2010/05/myspace-lost-150m-in-last-3-months.html]
- Author: Bruce Houghton
- Tags: Social Media, #wp, #wp-post, #Import 2026-01-21 10:59

MySpace lost parent News Corp. $150 million for the quarter that ended March 31st compared with an $88 million loss a year earlier. The fall of MySpace was just one of the stories behind a [mixed report](http://news.yahoo.com/s/ap/20100504/ap%5Fon%5Fbi%5Fge/us%5Fearns%5Fnews%5Fcorp%5F4?ref=hypebot.com) to investors from the media giant. 

[![image from evertb.files.wordpress.com](http://hypebot.typepad.com/.a/6a00d83451b36c69e201348071d171970c-250wi "image from evertb.files.wordpress.com")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201348071d171970c-pi?ref=hypebot.com)News Corp. earned $839 million in the fiscal third quarter. That's a 69% drop in net income from a year earlier. The bright spot is that operating income grew 55& to $1.25 billion up from $810 million a year earlier. A major reason for the increase is a rebound in ad sales, which would benifit MySpace too …if its numbers weren't dropping.