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Mar 31, 2024
Fox Q3 2024 Earnings Report
Fox's fiscal third quarter results for 2024 demonstrated the company's unique strategy and strong financial performance.
Key Takeaways
Fox Corporation reported Q3 2024 revenues of $3.45 billion, a decrease from the prior year, but net income increased significantly to $704 million. The growth was driven by affiliate fee revenues and a focus on live content and event programming.
Fox reported total quarterly revenues of $3.45 billion.
Net income was reported at $704 million, a significant increase from the prior year's net loss.
Adjusted EBITDA increased by 7% to $891 million.
The company repurchased approximately $250 million of its Class A common stock during the quarter.
Revenue by Segment
Forward Guidance
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” and similar expressions are used to identify these forward-looking statements.
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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