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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.
Revenue by Segment
Forward Guidance
The earnings report did not include forward guidance.
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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