The company said revenues for the three months ended December 31, 2023 decreased 8% from the year-earlier period, as lower advertising revenue was partially offset by higher affiliate fee and other revenues.

1. 01

   The company said revenues for the three months ended December 31, 2023 decreased 8% from the year-earlier period, as lower advertising revenue was partially offset by higher affiliate fee and other revenues.

2. 02

   Fox said Segment EBITDA at its Television segment for the 3 months fell $394 million from the year-earlier period. It cited lower revenues and higher expenses as the drivers. The company said the expense increase was mainly due to higher amortization of sports programming rights from the renewed NFL contract.

3. 03

   The company said net income for the three months ended December 31, 2023 fell 64% from the year-earlier period, and net income for the 6 months fell 43%. It cited lower Segment EBITDA and changes in the fair value of its equity securities investments as the main factors.

4. 04

   The company said it had about $4.1 billion in cash and cash equivalents as of December 31, 2023, and an unused 5-year $1.0 billion unsecured revolving credit facility. It also said it issued $1.25 billion of senior notes in October 2023.

Key figures

Quarter ended December 31, 2023

Revenue

$4.2B

Net income

$115M

EPS

$0.23

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.