NASDAQ$FOXA

Fox Corp · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Fox's Q4 2021 financial results were reported, highlighting the strength of the company's strategy and operating momentum.

Fox Corporation reported a strong fourth quarter in fiscal year 2021, with a 20% increase in total quarterly revenues to $2.89 billion. Net income was $272 million, and earnings per share were $0.43. The company saw growth across all revenue categories, with affiliate revenues increasing by 10% and advertising revenues increasing by 38%.

  • Fox Corporation reported Q4 fiscal 2021 net income of $272 million and EPS of $0.43.
  • Total quarterly revenues increased by 20% to $2.89 billion.
  • Affiliate revenues increased by 10%, with 16% growth in the Television segment and 6% in Cable Network Programming.
  • Advertising revenues increased by 38%, driven by 51% growth in the Television segment and 17% in Cable Network Programming.

Headline financials

Total Revenue

$2.89B

Previous: $2.42B+19.5%
EPS (adj)

$0.65

Previous: $0.62+4.8%
Capital Expenditures

$151M

Previous: $167M-9.6%
Free Cash Flow

$622M

Previous: $853M-27.1%
Net Income

$272M

Previous: $145M+87.6%
Operating Income

$357M

Previous: $200M+78.5%
Gross Profit

$1.17B

Previous: $1.23B-5.1%
Cash & Equivalents

$5.89B

Previous: $4.65B+26.7%
Total Assets

$22.9B

Previous: $21.8B+5.4%
Stock-Based Comp

$35M

Previous: $36M-2.8%

Revenue & EPS history

Fox · Revenue · Quarterly

$2.89B

Q4 2021+19.5%vs Q4 2020
Beat estimate in 2 of 3 quarters(67%)
ActualEstimate

Revenue by segment

Fox · $2.85B total across 2 segments · Q4 2021

  • Television
    $1.45B+30.0%
  • Cable Network Programming
    $1.4B+10.1%

Forward guidance

Looking ahead, Fox anticipates the return of normalized sports and entertainment calendars and the start of the midterm election cycle. FOX’s core live event programming, coupled with its growing digital businesses, will continue to deliver audiences on an unmatched scale for our advertising and distribution partners.

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 2021

Historical avgQ4 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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