Fox (FOXA) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Fox (FOXA) reported $3.09 billion in revenue for the quarter ended June 2024, a year-over-year increase of 2% and an EPS of $0.90 compared to $0.88 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $3.1 billion, resulting in a surprise of -0.29%, while the EPS exceeded expectations by +8.43% [1] Revenue Performance by Segment - Cable Network Programming: Revenue of $1.44 billion, exceeding the average estimate of $1.42 billion, with a year-over-year change of +2% [3] - Television: Revenue of $1.62 billion, slightly below the estimated $1.64 billion, reflecting a +1.8% change year-over-year [4] - Other, Corporate and Eliminations: Revenue of $39 million, surpassing the average estimate of $36.90 million, with a year-over-year increase of +11.4% [5] Revenue Breakdown by Component - Cable Network Programming - Affiliate Fee: Revenue of $1.05 billion, above the estimate of $1.04 billion, with a +2% year-over-year change [6] - Cable Network Programming - Advertising: Revenue of $328 million, exceeding the average estimate of $311.62 million, with a +2.5% year-over-year change [7] - Television - Advertising: Revenue of $679 million, slightly above the estimate of $677.86 million, showing a -1.3% year-over-year change [9] - Television - Affiliate Fee: Revenue of $811 million, slightly above the estimate of $808.48 million, with a +9% year-over-year change [10] - Television - Other: Revenue of $125 million, below the estimate of $155 million, reflecting a -19.4% year-over-year change [11] - Revenues by Component - Affiliate Fee: Total revenue of $1.86 billion, compared to the average estimate of $1.85 billion, with a +5% year-over-year change [12] - Revenues by Component - Advertising: Revenue of $1.01 billion, slightly above the estimate of $989.48 million, with a -0.1% year-over-year change [13] Stock Performance - Fox shares have returned +5.3% over the past month, contrasting with the Zacks S&P 500 composite's -6.7% change, indicating relative strength in the stock [14]