The company said total revenues for the quarter ended December 31, 2023 were $4.23 billion, compared with $4.61 billion a year earlier, and net income was $115 million, compared with $321 million a year earlier.

1. 01

   The company said total revenues for the quarter ended December 31, 2023 were $4.23 billion, compared with $4.61 billion a year earlier, and net income was $115 million, compared with $321 million a year earlier.

2. 02

   Fox said advertising revenues fell 20% while affiliate fee revenues rose 4%. The company cited the absence of the FIFA Men's World Cup and lower political advertising from the absence of the 2022 midterm elections as reasons for the advertising decline.

3. 03

   The company said quarterly Adjusted EBITDA was $350 million, compared with $531 million a year earlier. Segment EBITDA was a loss of $138 million at the Television segment and $564 million at Cable Network Programming.

4. 04

   As of December 31, 2023, the company said it had repurchased approximately $4.1 billion of Class A common stock and approximately $1.0 billion of Class B common stock, with $1.9 billion remaining under its authorization. In January 2024, $1.25 billion of 4.030% senior notes matured and were repaid in full. Net cash used in operating activities for the 6 months was $535 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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