Categories Earnings, Other Industries

Earnings Summary: Highlights of Fox Corp.’s Q3 2024 financial results

Media and entertainment company Fox Corporation (NASDAQ: FOXA, FOX) Wednesday reported financial results for the three months ended March 31, 2024.

  • Third-quarter revenues decreased 15% to $3.45 billion from the $4.08 billion reported in the prior year’s quarter
  • Ad revenues decreased 34%, due to the absence of the prior-year broadcast of Super Bowl LVII and fewer NFL games at FOX Sports.
  • Affiliate fee revenues rose 4% to $1.94 billion, with a 9% growth in the Television segment and 1% growth in the Cable Network segment
  • Q3 Other revenues were $274 million, compared to $352 million reported in the prior year quarter
  • Fox reported a net income of $666 million for Q3, compared to a loss of $54 million last year
  • On a per-share basis, Q3 earnings were $1.40, compared to a loss of $0.10 in the year-ago quarter
  • Adjusted net income was $520 million or $1.09 per share in Q3, vs. $494 million or $0.94 per share in the year-ago quarter

Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.

Most Popular

WBA Earnings Preview: Will Walgreens’ Q3 report bring cheer to investors?

Walgreens Boots Alliance, Inc. (NASDAQ: WBA) has been facing challenges due to higher operating costs, rising competition, and an unfavorable retail environment. These factors have put pressure on the drugstore

Main points from Accenture’s (ACN) Q3 2024 earnings report

Shares of Accenture (NYSE: ACN) rose 6% on Thursday, following the company’s announcement of its third-quarter 2024 earnings results. Although revenue and profits missed expectations, the stock jumped after the

ACB Earnings: Aurora Cannabis reports narrower Q4 loss on higher revenues

Aurora Cannabis, Inc. (NASDAQ: ACB) on Thursday reported a net loss for the fourth quarter of 2024. The company’s revenues moved up 5% year-over-year during the quarter. The Canada-based recreational

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top