AI English summary of an SEC filing — figures as filed
Fox Corporation FOXThe company said quarterly revenue for the quarter ended December 31, 2024 rose to $5.08 billion, up $844 million, or 20%, from the same quarter last year. Quarterly net income was $388 million, compared with $115 million in the same quarter last year.
Key points
AI summaryThe company said quarterly revenue for the quarter ended December 31, 2024 rose to $5.08 billion, up $844 million, or 20%, from the same quarter last year. Quarterly net income was $388 million, compared with $115 million in the same quarter last year.
The company said quarterly Adjusted EBITDA was $781 million, up $431 million, or 123%, from the same quarter last year. It said revenue growth was the main driver, partly offset by higher sports programming rights amortization, production costs and digital costs.
Fox Corporation said quarterly affiliate fee revenue rose 6%, advertising revenue rose 21%, and other revenue rose 70%. The company cited higher political advertising revenue, MLB postseason ratings, NFL pricing and digital growth led by the Tubi AVOD service as drivers of advertising revenue growth.
The company said that as of December 31, 2024, it had repurchased approximately $5.1 billion of its Class A common stock and approximately $1 billion of its Class B common stock, with $900 million remaining under its authorization. It said it repurchased approximately $250 million of Class A stock during the quarter. It also said it declared a dividend of $0.27 per Class A and Class B share.
Summary
AI-writtenAnalysis 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.
Fox Reports December 2024 Quarter Revenue of $5.08 billion, Net Income of $388 million
The company said quarterly revenue for the quarter ended December 31, 2024 rose to $5.08 billion, up $844 million, or 20%, from the same quarter last year. Quarterly net income was $388 million, compared with $115 million in the same quarter last year.
Source · Based on the filing body and exhibits
Quarterly Adjusted EBITDA of $781 million and Cost Increases Cited by Company
The company said quarterly Adjusted EBITDA was $781 million, up $431 million, or 123%, from the same quarter last year. It said revenue growth was the main driver, partly offset by higher sports programming rights amortization, production costs and digital costs.
Source · Based on the filing body and exhibits
Quarterly Revenue Growth by Component and Factors Cited by Company
Fox Corporation said quarterly affiliate fee revenue rose 6%, advertising revenue rose 21%, and other revenue rose 70%. The company cited higher political advertising revenue, MLB postseason ratings, NFL pricing and digital growth led by the Tubi AVOD service as drivers of advertising revenue growth.
Source · Based on the filing body and exhibits
Share Repurchases and Declared $0.27 Dividend
The company said that as of December 31, 2024, it had repurchased approximately $5.1 billion of its Class A common stock and approximately $1 billion of its Class B common stock, with $900 million remaining under its authorization. It said it repurchased approximately $250 million of Class A stock during the quarter. It also said it declared a dividend of $0.27 per Class A and Class B share.
Source · Based on the filing body and exhibits
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.
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