NASDAQ$FOXA

Fox Corp · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Fox's Q4 2023 earnings were released, revealing revenues consistent with the prior year, alongside an increase in net income.

Fox Corporation reported Q4 2023 revenues of $3.03 billion, consistent with the prior year. Net income increased to $369 million, while adjusted EBITDA was $735 million. The company's full-year revenue reached a record $14.91 billion.

  • Q4 revenues remained consistent year-over-year at $3.03 billion.
  • Net income for the quarter increased to $369 million from $308 million in the prior year.
  • Adjusted EBITDA for Q4 was $735 million, slightly down from $770 million in the previous year.
  • Full-year revenue reached a record $14.91 billion, with net income at $1.25 billion.

Headline financials

Total Revenue

$3.03B

Previous: $3.03B-0.0%
EPS (adj)

$0.88

Previous: $0.74+18.9%
Capital Expenditures

$120M

Previous: $116M+3.4%
Free Cash Flow

$373M

Previous: $817M-54.3%
Net Income

$369M

Previous: $308M+19.8%
Operating Income

$505M

Previous: $447M+13.0%
Gross Profit

$1.15B

Previous: $1.22B-5.6%
Cash & Equivalents

$4.27B

Previous: $5.2B-17.8%
Total Assets

$21.9B

Previous: $22.2B-1.4%
Stock-Based Comp

$19M

Previous: $27M-29.6%

Revenue & EPS history

Fox · Revenue · Quarterly

$3.03B

Q4 2023-0%vs Q4 2022
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Fox · $3B total across 2 segments · Q4 2023

  • Television
    $1.59B+4.1%
  • Cable Network Programming
    $1.41B-3.4%

Forward guidance

Fox enters Fiscal Year 2024 with a focused strategy and a strong balance sheet, aiming to drive shareholder value.

Tailwinds

  • Focused strategy for Fiscal Year 2024
  • Best-in-class balance sheet
  • Commitment to driving shareholder value

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 2023

Historical avgQ4 2023

+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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