Fox Q4 Earnings: Profit Beat, Forecasts Growth In Affiliate Fees and TV Segment, Upcoming Presidential Election, Next Super Bowl In Focus

Quick Summary:

Fox Corp (NASDAQ:FOXA) reported fourth-quarter 2024 revenues of $3.09 billion, up from $3.03 billion a year ago, missing the analyst consensus of $3.10 billion. 

Adjusted net income was $423 million or $0.90 per share, beating the analyst consensus of $0.81. It was up from $443 million or $0.88 per share a year ago.

Affiliate fee revenues increased by 5%, driven by 9% growth in the Television segment. 

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Earnings News US90130A1016 Benzinga Stories That Matter Top Stories Tech Briefs Why it's moving FOXA FOX Media

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-06 @ 16:42:46 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 21958970

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