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Jun 30, 2022
Fox Q4 2022 Earnings Report
Fox's Q4 2022 earnings were released, revealing revenue of $3.03 billion and net income of $308 million.
Key Takeaways
Fox Corporation reported a 5% increase in revenue to $3.03 billion for the fourth quarter of fiscal year 2022, driven by growth in affiliate fee and advertising revenues. Net income increased to $308 million, and Adjusted EBITDA rose by 7% to $770 million.
Total quarterly revenues reached $3.03 billion, a 5% increase year-over-year.
Affiliate fee revenues increased by 4%, with Television segment up 7% and Cable Network Programming segment up 2%.
Advertising revenues increased by 7%, driven by stronger pricing and higher ratings at FOX News Media, higher political advertising revenues at FOX Television Stations, and continued growth at TUBI.
Net income was reported at $308 million, compared to $272 million in the prior year quarter.
Fox
Fox
Fox Revenue by Segment
Revenue by Segment
Cable Network Programming Revenue
CapyFin.comTelevision Revenue
CapyFin.com Forward Guidance
Fox Corporation begins Fiscal 2023 with strong momentum, supported by an enviable schedule of live sporting events and the mid-term election cycle, and bolstered by a best-in-class balance sheet. These attributes will serve them well in navigating any macroeconomic uncertainty while continuing to create value for their shareholders.
Revenue & Expenses
Visualization of income flow from segment revenue to net income