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Sep 30, 2023
Fox Q1 2024 Earnings Report
Fox's first quarter of fiscal year 2024 showed revenues of $3.21 billion and a net income of $415 million.
Key Takeaways
Fox Corporation reported a slight increase in revenue to $3.21 billion, compared to $3.19 billion in the prior year quarter. Net income decreased to $415 million from $613 million in the same period last year. The results were influenced by factors such as the broadcast of the FIFA Women's World Cup, growth at Tubi, and changes in political advertising revenue.
Revenues increased slightly to $3.21 billion compared to the prior year.
Net income decreased to $415 million from $613 million year-over-year.
Affiliate fee revenues increased by 2%, driven by 8% growth in the Television segment.
Advertising revenues decreased by 2% due to lower political advertising revenues and elevated supply in the direct response marketplace.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company’s businesses.
Revenue & Expenses
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Historical Earnings Impact
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Avg. Return Before/After Earnings
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