NASDAQ$FOXA

Fox Corp · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Fox's financial performance was reported for Q3 2021, with net income of $582 million and EPS of $0.96.

Fox Corporation reported Q3 fiscal year 2021 results, which included a net income of $582 million and earnings per share of $0.96. Total revenues were $3.22 billion. The absence of Super Bowl LIV broadcast impacted advertising revenues, while affiliate revenues saw growth.

  • Fox reported a net income of $582 million, compared to $90 million in the prior year quarter.
  • Earnings per share were $0.96, up from $0.13 in the prior year quarter.
  • Total quarterly revenues reached $3.22 billion, slightly lower than the $3.44 billion in the prior year quarter.
  • Affiliate revenues increased by 10%, driven by growth in both the Television and Cable Network Programming segments.

Headline financials

Total Revenue

$3.22B

Previous: $3.44B-6.5%
EPS (adj)

$0.88

Previous: $0.93-5.4%
Adjusted EBITDA

$899M

No prior period
Capital Expenditures

-$333M

Previous: -$192M-73.4%
Free Cash Flow

$1.53B

Previous: $1.15B+33.0%
Net Income

$582M

Previous: $90M+546.7%
Operating Income

$893M

Previous: $915M-2.4%
Gross Profit

$1.33B

Previous: $1.38B-3.6%
Cash & Equivalents

$5.77B

Previous: $3.2B+80.4%
Total Assets

$22.9B

Previous: $20.2B+13.2%
Stock-Based Comp

$37M

Previous: $36M+2.8%

Revenue & EPS history

Fox · Revenue · Quarterly

$3.22B

Q3 2021-6.5%vs Q3 2020
Beat estimate in 1 of 3 quarters(33%)
ActualEstimate

Revenue by segment

Fox · $3.17B total across 2 segments · Q3 2021

  • Television
    $1.7B-12.0%
  • Cable Network Programming
    $1.47B+0.3%

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. Actual results may vary materially due to various factors, including economic, business, competitive, technological, strategic, and/or regulatory factors, as well as the impact of COVID-19.

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 Q3 2021

Historical avgQ3 2021

+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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