Fox Corporation reported a strong fourth quarter in fiscal year 2021, with a 20% increase in total quarterly revenues to $2.89 billion. Net income was $272 million, and earnings per share were $0.43. The company saw growth across all revenue categories, with affiliate revenues increasing by 10% and advertising revenues increasing by 38%.
Fox Corporation reported Q4 fiscal 2021 net income of $272 million and EPS of $0.43.
Total quarterly revenues increased by 20% to $2.89 billion.
Affiliate revenues increased by 10%, with 16% growth in the Television segment and 6% in Cable Network Programming.
Advertising revenues increased by 38%, driven by 51% growth in the Television segment and 17% in Cable Network Programming.
Looking ahead, Fox anticipates the return of normalized sports and entertainment calendars and the start of the midterm election cycle. FOX’s core live event programming, coupled with its growing digital businesses, will continue to deliver audiences on an unmatched scale for our advertising and distribution partners.
Visualization of income flow from segment revenue to net income