NASDAQ$FOXA

Fox Corp · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Fox's Q4 2022 earnings were released, revealing revenue of $3.03 billion and net income of $308 million.

Fox Corporation reported a 5% increase in revenue to $3.03 billion for the fourth quarter of fiscal year 2022, driven by growth in affiliate fee and advertising revenues. Net income increased to $308 million, and Adjusted EBITDA rose by 7% to $770 million.

  • Total quarterly revenues reached $3.03 billion, a 5% increase year-over-year.
  • Affiliate fee revenues increased by 4%, with Television segment up 7% and Cable Network Programming segment up 2%.
  • Advertising revenues increased by 7%, driven by stronger pricing and higher ratings at FOX News Media, higher political advertising revenues at FOX Television Stations, and continued growth at TUBI.
  • Net income was reported at $308 million, compared to $272 million in the prior year quarter.

Headline financials

Total Revenue

$3.03B

Previous: $2.89B+4.9%
EPS (adj)

$0.74

Previous: $0.65+13.8%
Capital Expenditures

$116M

Previous: $151M-23.2%
Free Cash Flow

$817M

Previous: $622M+31.4%
Net Income

$308M

Previous: $272M+13.2%
Operating Income

$447M

Previous: $357M+25.2%
Gross Profit

$1.22B

Previous: $1.17B+4.4%
Cash & Equivalents

$5.2B

Previous: $5.89B-11.7%
Total Assets

$22.2B

Previous: $22.9B-3.2%
Stock-Based Comp

$27M

Previous: $35M-22.9%

Revenue & EPS history

Fox · Revenue · Quarterly

$3.03B

Q4 2022+4.9%vs Q4 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Fox · $2.99B total across 2 segments · Q4 2022

  • Television
    $1.53B+5.4%
  • Cable Network Programming
    $1.46B+4.4%

Forward guidance

Fox Corporation begins Fiscal 2023 with strong momentum, supported by an enviable schedule of live sporting events and the mid-term election cycle, and bolstered by a best-in-class balance sheet. These attributes will serve them well in navigating any macroeconomic uncertainty while continuing to create value for their shareholders.

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 2022

Historical avgQ4 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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