Fox Q2 fiscal 2024 revenue $4.23B down 8% YoY; EPS $0.23 vs $0.58 prior year

Fox Corp

2024-Q2 EPS reported $1.06 revenue$7,441,000,000

Revenue $4.23B (down 8% YoY); net income $115M (down 64% from $321M).
Adjusted EPS $0.34 vs $0.48; Adjusted EBITDA $350M (down 34% YoY).
Affiliate fee revenue +4% (TV segment +10%); advertising revenue -20% (absence of Men's World Cup and midterm election).
Expenses decreased on lower programming amortization and original scripted hours, partially offset by renewed NFL contract.
CEO cited strength of core brands; FOX Sports benefits from live sports, FOX News remains cable news leader, Tubi resilient.

item 2.02 item 5.03 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Fox Corp reported quarter ended December 31, 2023 results: revenue $4.23 billion, net income $115 million, EPS $0.23 per share.

Period: quarter ended December 31, 2023
Revenue: $4.23 billion
Net income: $115 million
EPS: $0.23 per share
Result: reported results

Exact text from the filing

by specific reference in such filing. --- EX-99.1 (EX-99.1) --- EARNINGS RELEASE FOR THE QUARTER ENDED DECEMBER 31, 2023 FOX REPORTS SECOND QUARTER FISCAL 2024 REVENUES OF $4.23 BILLION NET INCOME OF $115 MILLION, AND ADJUSTED EBITDA OF $350 MILLION NEW YORK, NY, February 7, 2024 – Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company”) today reported

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Fox Corp: Amended and restated bylaws, revising director nomination and stockholder proposal disclosure requirements, adding federal forum for Securities Act claims, and making administrative changes (effective 2024-02-06).

Change: bylaw amendment
Effective: 2024-02-06

Exact text from the filing

On February 6, 2024, the Company’s Board of Directors (the “Board”) approved an amendment and restatement of the By-laws of the Company (the “Amended By-laws”), effective as of such date.

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Fox Corp filing history →

Source: SEC EDGAR

accession 0001628280-24-003617

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