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Dec 31, 2019
Fox Q2 2020 Earnings Report
Fox's financial performance for the second quarter of fiscal year 2020 was reported.
Key Takeaways
Fox Corporation reported a 5% increase in revenue, reaching $3.78 billion, driven by growth in affiliate and advertising revenues. Net income increased to $314 million, with earnings per share at $0.48. The company also executed $500 million in share repurchases.
Fox Corporation reported Q2 fiscal year 2020 revenues of $3.78 billion, a 5% increase year-over-year.
Net income for the quarter was $314 million, with earnings per share of $0.48.
Adjusted EBITDA was reported at $261 million.
The company repurchased $500 million of shares since the last earnings release.
Revenue by Segment
Forward Guidance
Fox Corporation anticipates continued momentum through calendar year 2020, driven by brand strength, strategic investments, and revenue diversification, particularly with upcoming events like the Presidential Election.
Positive Outlook
- Brands exhibiting strength in a competitive marketplace.
- Delivering healthy top-line growth.
- Continuing to invest strategically to expand the reach of our portfolio.
- Further diversifying revenue streams.
- Coming off an incredibly successful Super Bowl LIV.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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