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Fox logs broad revenue gains in Q4 beat

Published 08/08/2018, 05:48 PM
Updated 08/08/2018, 05:48 PM
© Reuters.  Fox logs broad revenue gains in Q4 beat

© Reuters. Fox logs broad revenue gains in Q4 beat

  • 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
  • Now read: More on Manulife Q2: Core ROE, efficiency ratio improve


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