secwatch.observer — SEC 8-K summary
======================================

Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001193125-23-205604
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Fox reports Q4 FY2023 revenue $3.03B, net income $369M, adjusted EBITDA $735M; full year record revenue $14.91B
--------------------------------------------------------------------------------

- Q4 revenues $3.03B flat YoY; affiliate fees +3%, advertising -4% due to lower political ads, Tubi growth offset.
- Q4 net income $369M vs $308M YoY; diluted EPS $0.74 vs $0.55; adjusted EPS $0.88 vs $0.74.
- Full year FY2023 revenues $14.91B (record), net income $1.25B, adjusted EBITDA $3.19B (record).
- Adjusted EBITDA Q4 $735M vs $770M YoY; higher digital investment at Tubi and higher sports costs.
- Lachlan Murdoch cites record annual revenue and EBITDA, Super Bowl, World Cup, political cycle, Tubi growth.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000119312523205604/0001193125-23-205604-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000119312523205604/d497361d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-205604

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer