Fox (FOX) Q4 FY2024 earnings: revenue $3.1 billion, up 2.0% on the year
Fox Corp. (FOX) reported revenue of $3.1 billion for Q4 FY2024, the quarter ended 30 June 2024, up 2.0% on the same quarter a year earlier. Net income was $319 million, down 14.9% on the year, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 8 August 2024.
Revenue
$3.1 billion
+2.0% on the year · -10.3% on the quarter
Q1 FY2023Q4 FY2024
Operating margin
n/a
Q1 FY2023Q4 FY2024
Net income
$319 million
-14.9% on the year · -52.1% on the quarter
Q1 FY2023Q4 FY2024
Diluted EPS
$0.68
-9.3% on the year · -51.4% on the quarter
Q1 FY2023Q4 FY2024
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q4 FY2024
Q3 FY2024
Q4 FY2023
On the quarter
On the year
Last 8 quarters
Revenue
3,092
3,447
3,032
-10.3%
+2.0%
Selling, general and administrative
539
510
523
+5.7%
+3.1%
Interest expense
96.0
99.0
87.0
-3.0%
+10.3%
Pre-tax income
451
961
505
-53.1%
-10.7%
Income tax
131
257
136
-49.0%
-3.7%
Effective tax rate
29.0%
26.7%
26.9%
Net income
319
666
375
-52.1%
-14.9%
Net margin
10.3%
19.3%
12.4%
Diluted EPS
$0.68
$1.40
$0.75
-51.4%
-9.3%
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q4 FY2024
Q3 FY2024
Q4 FY2023
On the quarter
On the year
Last 8 quarters
Operating cash flow
899
1,476
493
-39.1%
+82.4%
Capital expenditure
112
83.0
120
+34.9%
-6.7%
Free cash flow
787
1,393
373
-43.5%
+111.0%
Free cash flow margin
25.5%
40.4%
12.3%
Cash from investing
-128
-181
-120
Cash from financing
-243
-1,626
-247
Depreciation and amortisation
98.0
98.0
103
0.0%
-4.9%
Share-based compensation
21.0
21.0
19.0
0.0%
+10.5%
Buybacks
250
250
250
0.0%
0.0%
Dividends paid
9.0
130
8.0
-93.1%
+12.5%
Diluted shares, weighted
480m
475m
531m
+1.1%
-9.6%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q4 FY2024
Q3 FY2024
Q4 FY2023
On the quarter
On the year
Last 8 quarters
Shareholders' equity
10,714
10,554
10,378
+1.5%
+3.2%
Non-controlling interest
100
111
67.0
-9.9%
+49.3%
Redeemable equity
242
260
213
-6.9%
+13.6%
Debt
7,197
7,196
7,210
+0.0%
-0.2%
Operating lease liabilities
879
870
925
+1.0%
-5.0%
Other liabilities
2,840
2,726
3,073
+4.2%
-7.6%
Total liabilities and equity
21,972
21,717
21,866
+1.2%
+0.5%
Fixed assets
1,696
1,672
1,708
+1.4%
-0.7%
Goodwill
3,544
3,544
3,559
0.0%
-0.4%
Intangible assets
3,038
3,048
3,084
-0.3%
-1.5%
Investments
1,129
1,250
1,034
-9.7%
+9.2%
Cash and equivalents
4,319
3,791
4,272
+13.9%
+1.1%
Receivables
2,364
2,481
2,177
-4.7%
+8.6%
Inventory
626
660
543
-5.2%
+15.3%
Other assets
5,256
5,271
5,489
-0.3%
-4.2%
Total assets
21,972
21,717
21,866
+1.2%
+0.5%
Questions
What was Fox's revenue in Q4 FY2024?
Fox (FOX) reported revenue of $3.1 billion for Q4 FY2024, the quarter ended 30 June 2024, up 2.0% on the same quarter a year earlier.
How much did Fox earn in Q4 FY2024?
Net income for Q4 FY2024 was $319 million, down 14.9% on the year, and diluted earnings per share $0.68.
When did Fox report Q4 FY2024 results?
Fox filed its 10-K for the year that ended with the quarter on 8 August 2024; the fourth quarter is the year less the first three.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-K for the period ended 30 June 2024, filed 8 August 2024: the filing.