Fox Corporation (FOX) Tops Q3 EPS

Fox Corporation (NASDAQ: FOX) (NASDAQ: FOXA) reported Q3 EPS of $0.93, $0.44 better than the analyst estimate of $0.49. Revenue for the quarter came in at $3.44 billion, versus $2.75 billion reported last year. Quarterly Adjusted EBITDA2 of $920 million was 20% higher than the prior year quarter, primarily due to higher contributions at the Television and Cable Network Programming segments.

Commenting on the results, Executive Chairman and Chief Executive Officer Lachlan Murdoch said:

"We delivered exceptional operational and financial results in the quarter, highlighted by our successful broadcast of Super Bowl LIV on FOX. While we remain focused on continuing to execute against the strategy that drove this strong performance, we are acutely mindful of the global health crisis and its countless impacts. Our highest priority remains the safety and well-being of our employees and their families. Due to the selfless dedication of many of our colleagues, the strength of FOX has been on display throughout the crisis as we continue to provide news, information, entertainment and assistance to communities around the country. As we eventually emerge, we are confident that FOX's focused collection of assets – centered on live and event programming – will be even more in-demand by advertisers and audiences alike, positioning us well for the future and enabling us to maximize long-term shareholder value."

For earnings history and earnings-related data on Fox Corporation (FOX) click here.

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