NASDAQ$FOXA

Fox Corp · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Fox's financial results for Q3 2022 were reported, demonstrating revenue growth and strategic focus

Fox Corporation reported a 7% increase in revenue to $3.46 billion for the third quarter of fiscal year 2022. The growth was driven by increases in affiliate and advertising revenues. Net income was $290 million, while adjusted EBITDA was $811 million.

  • Total quarterly revenues reached $3.46 billion, a 7% increase year-over-year.
  • Affiliate revenues increased by 5%, with growth in both Television and Cable Network Programming segments.
  • Advertising revenues rose by 9%, driven by stronger pricing and higher ratings at FOX News Media and growth at Tubi.
  • Net income attributable to Fox Corporation stockholders was $283 million, or $0.50 per share.

Headline financials

Total Revenue

$3.46B

Previous: $3.22B+7.5%
EPS (adj)

$0.81

Previous: $0.88-8.0%
Advertising Revenue

$1.31B

No prior period
Capital Expenditures

-$191M

Previous: -$333M+42.6%
Free Cash Flow

$760M

Previous: $1.53B-50.4%
Net Income

$290M

Previous: $582M-50.2%
Operating Income

-$2.65B

Previous: $893M-396.6%
Gross Profit

$1.29B

Previous: $1.33B-2.9%
Cash & Equivalents

$4.63B

Previous: $5.77B-19.6%
Total Assets

$22B

Previous: $22.9B-3.9%
Stock-Based Comp

$28M

Previous: $37M-24.3%

Revenue & EPS history

Fox · Revenue · Quarterly

$3.46B

Q3 2022+7.5%vs Q3 2021
Beat estimate in 4 of 6 quarters(67%)
ActualEstimate

Revenue by segment

Fox · $3.4B total across 2 segments · Q3 2022

  • Television
    $1.82B+7.4%
  • Cable Network Programming
    $1.58B+7.6%

Forward guidance

This press release contains forward-looking statements based on management’s current expectations and beliefs and 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 Q3 2022

Historical avgQ3 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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