earnings
confidence high
sentiment neutral
materiality 0.75
Fox Corp Q1 FY2022 revenue $3.05B (+12% YoY), net income $708M, adj. EBITDA $1.06B
Fox Corp
2022-Q1 EPS reported
$1.21
revenue$3,045,000,000
- Revenue of $3.05B, up 12% YoY from $2.72B; advertising rev +17% driven by Tubi and live sports/scripted programming.
- Net income $708M ($1.21 EPS) vs $1.12B ($1.83 EPS) prior year; drop due to absence of $462M Disney tax reimbursement gain.
- Adjusted net income $642M ($1.11 EPS) vs $716M ($1.18 EPS); Adjusted EBITDA $1.06B vs $1.17B.
- Affiliate revenue +9% (Television +14%, Cable +5%); Other revenue +15% led by sports sublicensing.
- CEO Lachlan Murdoch cites strong start with full slate of live events, FOX News ratings leadership, and Tubi progress.