secwatch.observer — SEC 8-K summary
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Issuer:     Fox Corp (FOXA)
CIK:        0001754301
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001628280-24-021380
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1754301/000162828024021380/0001628280-24-021380-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1754301/000162828024021380/fox-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-021380

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