Fox said revenues for the 3 months ended September 30, 2024 increased $357 million (11%) from the prior-year period, citing higher affiliate fee, advertising and other revenues as the drivers.

1. 01

   Fox said revenues for the 3 months ended September 30, 2024 increased $357 million (11%) from the prior-year period, citing higher affiliate fee, advertising and other revenues as the drivers.

2. 02

   The company said affiliate fee revenue rose $103 million (6%) and advertising revenue rose $129 million (11%). It cited higher political advertising revenue of about $120 million and continued growth at Tubi as factors behind the advertising increase.

3. 03

   Fox said net income for the 3 months increased $417 million from the prior-year period. It attributed the increase mainly to an unrealized gain on the change in fair value of its investment in Flutter Entertainment plc and higher Segment EBITDA.

4. 04

   Fox said it had cash and cash equivalents of about $4.1 billion as of September 30, 2024, and an unused 5-year unsecured revolving credit facility of $1.0 billion maturing in June 2028.

Key figures

Quarter ended September 30, 2024

Revenue

$3.6B

Net income

$832M

EPS

$1.78

Operating cash flow

$158M

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

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