Fox Corp Q3 FY2024 revenue $3.45B (down 15% YoY); net income $704M vs loss; adj EPS $1.09

Fox Corp

2024-Q3 EPS reported $2.44 revenue$10,888,000,000

Revenue $3.45B vs $4.08B prior year; advertising $1.24B (down 34%) due to absence of Super Bowl LVII.
Net income $704M vs $50M loss; net income attributable $666M ($1.40 diluted EPS) from loss of $54M.
Adjusted net income $520M ($1.09 EPS) vs $494M ($0.94); Adjusted EBITDA $891M, up 7%.
Affiliate fees up 4% (Television +9%, Cable +1%); expenses fell on lower sports programming costs.
CEO Lachlan Murdoch cites core brand strength, Tubi growth, and balanced capital allocation.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Fox Corp reported the quarter ended March 31, 2024 results: revenue $3.45 billion, net income $704 million, EPS $1.40 per share.

Period: the quarter ended March 31, 2024
Revenue: $3.45 billion
Net income: $704 million
EPS: $1.40 per share
Result: reported results

Exact text from the filing

FOX REPORTS THIRD QUARTER FISCAL 2024 REVENUES OF $3.45 BILLION, NET INCOME OF $704 MILLION, AND ADJUSTED EBITDA OF $891 MILLION

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Source: SEC EDGAR

accession 0001628280-24-021380

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