- With a potential company transformation looming, Twenty-First Century Fox (FOX, FOXA) turned in a topping earnings report for fiscal Q4 with broad double-digit segment gains.
- After hours: FOX +0.4%; FOXA -0.1%.
- Cable networks saw affiliate fee and advertising growth (though with 15% higher expenses); the TV unit benefited from higher retransmission consent revenue as well as better ad revenue boosted by the World Cup, though gains were offset by 20% higher expenses.
- Meanwhile, the film studio was spurred by Deadpool 2 as well as higher contributions from TV production of animated and library series.
- Attributable income from continuing operations was $925M, up from a year-ago $501M.
- Total segment OIBDA rose 32%.
- Revenue by segment: Cable Network Programming, $4.93B (up 13.8%); Television, $1.14B (up 13.9%); Filmed Entertainment, $2.295B (up 27.3%).
- OIBDA by segment: Cable Network Programming, $1.61B (up 11.9%); Television, $106M (down 22.6%); Filmed Entertainment, $289M (up from year-ago -$22M).
- Press release
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