Key Highlights of Fox Corp.'s Q3 2024 Financial Performance
Earnings Summary: Highlights of Fox Corp.’s Q3 2024 Financial Results
Third-quarter revenues decreased 16% to $3.45 billion from the $4.08 billion reported in the prior year's quarter.
Ad revenues decreased 34%, due to the absence of the prior-year broadcast of Super Bowl LVII and fewer NFL games at FOX Sports.
Affiliate fee revenues rose 4% to $1.94 billion, with a 9% growth in the Television segment and 1% growth in the Cable Network segment.
Q3 Other revenues were $274 million, compared to the $352 million reported in the prior year quarter.
Fox reported a net income of $666 million for Q3, compared to a loss of $54 million last year.
On a per-share basis, Q3 earnings were $1.40, compared to a loss of $0.10 in the year-ago quarter.
Adjusted net income was $520 million or $1.09 per share in Q3, vs. $494 million or $0.94 per share in the year-ago quarter.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.