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Mar 31, 2023
Fox Q3 2023 Earnings Report
Fox's Q3 2023 earnings were released, with revenues increasing but a net loss reported due to legal settlement costs.
Key Takeaways
Fox Corporation reported Q3 2023 revenues of $4.08 billion, an 18% increase year-over-year. However, the company reported a net loss of $50 million, compared to a net income of $290 million in the prior year quarter, primarily due to legal settlement costs at FOX News Media.
Total quarterly revenues reached $4.08 billion, an 18% increase from the prior year quarter.
Advertising revenues increased by 43%, driven by Super Bowl LVII, a higher volume of NFL games, and growth at Tubi.
The company reported a net loss of $50 million, compared to a net income of $290 million in the prior year quarter, due to legal settlement costs.
Adjusted EBITDA increased to $833 million, up from $811 million in the prior year quarter.
Fox
Fox
Fox Revenue by Segment
Revenue by Segment
Cable Network Programming Revenue
CapyFin.comTelevision Revenue
CapyFin.comCorporate and Other Revenue
CapyFin.com Forward Guidance
The earnings report did not include forward guidance.
Revenue & Expenses
Visualization of income flow from segment revenue to net income