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Dec 31, 2021
Fox Q2 2022 Earnings Report
Fox's revenue increased driven by growth in affiliate and advertising revenues, but net income decreased due to changes in the fair value of investments.
Key Takeaways
Fox Corporation reported a 9% increase in revenue to $4.44 billion for the second quarter of fiscal year 2022. However, the company reported a net loss of $73 million, compared to a net income of $230 million in the prior year quarter, primarily due to changes in the fair value of the company's investments.
Fox reported total quarterly revenues of $4.44 billion, a 9% increase year-over-year.
Affiliate revenues increased 11%, with growth in both Cable Network Programming and Television segments.
Advertising revenues increased 6%, driven by pricing strength at FOX Network and growth at Tubi.
The company reported a net loss of $73 million compared to a net income of $230 million in the prior year quarter.
Revenue by Segment
Forward Guidance
This press release contains forward-looking statements based on management's current expectations and beliefs, which are subject to uncertainty and changes in circumstances.
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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