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Jun 30, 2020
Fox Q4 2020 Earnings Report
Fox reported strong results for Q4 2020, despite the unprecedented environment, highlighting the strength of their brands and content.
Key Takeaways
Fox Corporation reported Q4 2020 revenues of $2.42 billion, a 4% decrease year-over-year. Net income was $145 million, and earnings per share were $0.20. Adjusted EBITDA was $742 million, and adjusted earnings per share were $0.62.
Total quarterly revenues were $2.42 billion, a 4% decrease year-over-year.
Affiliate revenues increased 8%, led by 22% growth at the Television segment.
Advertising revenues decreased 22% due to lower local advertising revenues at FOX Television Stations and fewer live events at FOX Sports.
Quarterly net income decreased to $145 million, primarily due to higher impairment and restructuring charges.
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 outbreak of the COVID-19 pandemic has resulted in widespread and continuing negative impacts on the macroeconomic environment and disruption to the Company’s business.
Revenue & Expenses
Visualization of income flow from segment revenue to net income