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Dec 31, 2023
Fox Q2 2024 Earnings Report
Fox's financial results for the second quarter of fiscal year 2024 were reported.
Key Takeaways
Fox Corporation reported Q2 fiscal year 2024 revenues of $4.23 billion and a net income of $115 million. The company's adjusted EBITDA stood at $350 million. While affiliate fee revenues increased, advertising revenues saw a decrease, primarily due to the absence of major sporting events and lower political advertising.
Total quarterly revenues reached $4.23 billion, compared to $4.61 billion in the prior year quarter.
Net income was reported at $115 million, down from $321 million in the prior year quarter.
Adjusted EBITDA amounted to $350 million, a decrease from $531 million in the prior year quarter.
Affiliate fee revenues increased by 4%, driven by 10% growth at the Television segment.
Revenue by Segment
Forward Guidance
No specific forward guidance was provided in the earnings release.
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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