Fox Corporation said revenues for the 3 months ended March 31 were $4.37 billion, an increase of $924 million or 27% from the prior year period, and net income was $354 million compared to $704 million in the prior year period.

1. 01

   Fox Corporation said revenues for the 3 months ended March 31 were $4.37 billion, an increase of $924 million or 27% from the prior year period, and net income was $354 million compared to $704 million in the prior year period.

2. 02

   The company said quarterly advertising revenues increased 65%, citing Super Bowl LIX, digital growth led by the Tubi AVOD service, and higher news ratings and pricing as factors. Affiliate fee revenues increased 3%.

3. 03

   Fox Corporation said quarterly Adjusted EBITDA was $856 million, lower than $891 million in the prior year quarter, as the revenue increase was more than offset by higher expenses. It cited higher sports programming rights amortization and production costs and higher digital content and marketing costs as factors.

4. 04

   The company disclosed that net cash provided by operating activities for the 9 months was $1,811 million (compared to $941 million in the prior year period) and that it spent $750 million on share repurchases. During the quarter, it repurchased approximately $250 million of its Class A common stock, with a remaining authorization of $650 million as of March 31.

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

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