Fox Corporation
Fox Corporation Reports Strong Financial Results for Q4 and Fiscal Year 2024
Summary
Fox Corporation reported strong financial results for the quarter and fiscal year ended June 30, 2024. Total quarterly revenues were $3.09 billion, net income was $320 million, and Adjusted EBITDA was $773 million. Full-year revenues were $13.98 billion, net income was $1.55 billion, and Adjusted EBITDA was $2.88 billion. The company also announced an increased dividend and a share repurchase program. Detailed financial information and segment performance are provided in the attached exhibit.
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About Fox Corporation
Fox Corporation is a notable entity in the media and entertainment industry, primarily focused on television broadcasting, news, and sports programming. The company operates key television networks including FOX broadcast network, FOX News, FOX Business, and FOX Sports, making it a significant player in delivering live television content to a large audience. Fox Corporation is known for its engaging programming that spans across various genres such as entertainment, sports, and news, impacting sectors like advertising, media production, and digital streaming. Founded in 2019 following the acquisition of 21st Century Fox by The Walt Disney Company, Fox Corporation concentrates its efforts on live and prime-time programming. The company's strategic focus on cable news and sports positions it as a mainstay in American homes, contributing to public discourse and cultural trends. With its headquarters in New York City, Fox Corporation plays a pivotal role in shaping the media landscape by continuously adapting to the evolving preferences of viewers and the technological advancements in content delivery.
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