NASDAQ$FOXA

Fox Corp · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Fox's revenue increased driven by growth in affiliate and advertising revenues, but net income decreased due to changes in the fair value of investments.

Fox Corporation reported a 9% increase in revenue to $4.44 billion for the second quarter of fiscal year 2022. However, the company reported a net loss of $73 million, compared to a net income of $230 million in the prior year quarter, primarily due to changes in the fair value of the company's investments.

  • Fox reported total quarterly revenues of $4.44 billion, a 9% increase year-over-year.
  • Affiliate revenues increased 11%, with growth in both Cable Network Programming and Television segments.
  • Advertising revenues increased 6%, driven by pricing strength at FOX Network and growth at Tubi.
  • The company reported a net loss of $73 million compared to a net income of $230 million in the prior year quarter.

Headline financials

Total Revenue

$4.44B

Previous: $4.09B+8.7%
EPS (adj)

$0.13

Previous: $0.16-18.8%
Adjusted EBITDA

$310M

Previous: $305M+1.6%
Capital Expenditures

-$121M

Previous: -$242M+50.0%
Free Cash Flow

-$777M

Previous: -$5M-15440.0%
Net Income

-$73M

Previous: $230M-131.7%
Operating Income

-$4.14B

Previous: $299M-1482.9%
Gross Profit

$774M

Previous: $741M+4.5%
Cash & Equivalents

$4.26B

Previous: $4.5B-5.5%
Total Assets

$22.9B

Previous: $22.8B+0.5%
Stock-Based Comp

$32M

Previous: $44M-27.3%

Revenue & EPS history

Fox · Revenue · Quarterly

$4.44B

Q2 2022+8.7%vs Q2 2021
Beat estimate in 4 of 5 quarters(80%)
ActualEstimate

Revenue by segment

Fox · $4.4B total across 2 segments · Q2 2022

  • Television
    $2.76B+7.9%
  • Cable Network Programming
    $1.64B+10.1%

Forward guidance

This press release contains forward-looking statements based on management's current expectations and beliefs, which are subject to uncertainty and changes in circumstances.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

+0.7%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

29 / 51 earnings

Positive

+7.6%

Q1 2026

Best reaction

-13.0%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.6%+3.0%+7.0%
Q2 2026-0.7%-10.6%-14.9%
Q1 2026+7.6%+6.1%+7.7%
Q3 2025+4.4%+11.6%+8.8%
Q2 2025+4.8%+1.6%+6.6%
Q1 2025+4.6%+6.5%+10.6%
Q4 2024+7.4%+8.2%+11.2%
Q3 2024+3.2%+2.7%+5.5%
Q2 2024-9.3%-3.7%-8.7%
Q1 2024+5.1%+1.6%-0.9%
Q4 2023+4.5%+4.6%-6.7%
Q3 2023-3.1%-4.5%+5.2%
Q2 2023+4.4%+4.8%-2.7%
Q1 2023+3.6%+3.4%+11.2%
Q4 2022+7.4%+7.8%+2.3%
Q3 2022-0.0%+1.8%+0.8%
Q2 2022+7.2%+4.5%-3.7%
Q1 2022-0.7%-2.5%-13.4%
Q4 2021+4.5%+4.2%+5.3%
Q3 2021+2.5%+5.7%+1.2%
Q2 2021-3.3%-0.3%+28.0%
Q1 2021-5.4%-5.3%+10.7%
Q4 2020-5.3%-6.4%+3.8%
Q3 2020+4.9%+6.5%+28.0%
Q2 2020-2.4%-1.9%-24.2%
Q1 2020+6.5%+6.6%+7.9%
Q4 2019-3.8%-4.1%-6.1%
Q3 2019+3.5%+1.9%-8.7%
Q2 2019+0.3%
Q1 2019+1.5%
Q4 2018+0.0%
Q3 2018+0.0%
Q2 2018-6.4%
Q1 2018+4.0%
Q4 2017-0.9%
Q3 2017+1.3%
Q2 2017-3.0%
Q1 2017+5.1%
Q4 2016-3.1%
Q3 2016+0.4%
Q2 2016-3.3%
Q1 2016-5.1%
Q4 2015-13.0%
Q3 2015-2.6%
Q2 2015-4.6%
Q1 2015+0.9%
Q4 2014+6.6%
Q3 2014+5.7%
Q2 2014+1.3%
Q1 2014-0.8%
Q4 2013+1.4%
Q3 2013

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