Fox Corp Q3 FY2022 revenue rises 7% to $3.46B; net income drops on investment fair value changes

Fox Corp

2022-Q3 EPS reported $1.57 revenue$10,941,000,000

Revenue $3.46B (+7% YoY); affiliate rev +5%, ad rev +9% on FOX News pricing and Tubi growth.
Net income attributable to Fox Corp $283M ($0.50/sh) vs $567M ($0.96/sh) in prior year.
Adjusted net income $459M ($0.81/sh) vs $523M ($0.88/sh); Adjusted EBITDA $811M vs $899M.
Expenses increased on digital investment, higher sports amortization, and scripted write-downs.

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