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published in Blogs
Aug 11, 2022
Fox Corp. (FOXA, $33.74) missed fiscal Q4 expectations

Fox Corp. (FOXA, $33.74) missed fiscal Q4 expectations

Fox Corporation  reported its fiscal fourth-quarter adjusted earnings of 74 cents, which fell short of the Zacks Consensus Estimate by 6.3%. The figure is +13.8% higher year over year.

Revenues rose +4.9% year over year to $3.03 billion, but missed the Zacks consensus estimate by 0.8%.

The company’s Affiliate fees (56.9% of revenues) increased +3.7% to $1.72 billion. Revenues from Advertising (34.8% of revenues) rose +7.4% to $1.05 billion. Other revenues (8.3% of revenues) were +3.7% higher from the year-ago quarter’s levels to $252 million.

Related Tickers: FOXA