NASDAQ$FOXA

Fox Corp · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Fox reported strong results for Q4 2020, despite the unprecedented environment, highlighting the strength of their brands and content.

Fox Corporation reported Q4 2020 revenues of $2.42 billion, a 4% decrease year-over-year. Net income was $145 million, and earnings per share were $0.20. Adjusted EBITDA was $742 million, and adjusted earnings per share were $0.62.

  • Total quarterly revenues were $2.42 billion, a 4% decrease year-over-year.
  • Affiliate revenues increased 8%, led by 22% growth at the Television segment.
  • Advertising revenues decreased 22% due to lower local advertising revenues at FOX Television Stations and fewer live events at FOX Sports.
  • Quarterly net income decreased to $145 million, primarily due to higher impairment and restructuring charges.

Headline financials

Total Revenue

$2.42B

Previous: $2.51B-3.8%
EPS (adj)

$0.62

Previous: $0.62+0.0%
Capital Expenditures

$167M

Previous: $88M+89.8%
Free Cash Flow

$853M

Previous: $812M+5.0%
Net Income

$145M

Previous: $454M-68.1%
Operating Income

$200M

No prior period
Gross Profit

$1.23B

Previous: $1.16B+6.6%
Cash & Equivalents

$4.65B

Previous: $3.23B+43.6%
Total Assets

$21.8B

Previous: $19.5B+11.5%
Stock-Based Comp

$36M

Previous: $31M+16.1%

Revenue & EPS history

Fox · Revenue · Quarterly

$2.42B

Q4 2020-3.8%vs Q4 2019
Beat estimate in 2 of 4 quarters(50%)
ActualEstimate

Revenue by segment

Fox · $2.38B total across 2 segments · Q4 2020

  • Cable Network Programming
    $1.27B
  • Television
    $1.11B

Forward guidance

The outbreak of the COVID-19 pandemic has resulted in widespread and continuing negative impacts on the macroeconomic environment and disruption to the Company’s business.

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 Q4 2020

Historical avgQ4 2020

+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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