Fox Corp Q4 2023 Earnings Call Summary - Thomson StreetEvents

Fox Corp Q4 2023 Earnings Call Summary

Fox Corp Q4 2023 Earnings Call Summary - Thomson StreetEvents
Fox Corp Q4 2023 Earnings Call Summary
Published Aug 08, 2023
11 pages (6074 words) — Published Aug 08, 2023
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About This Report

  
Abstract:

Edited Brief of FOXA.OQ earnings conference call or presentation 8-Aug-23 12:30pm GMT

  
Brief Excerpt:

...A. With this morning's earnings release, we closed out a very strong fiscal 2023, fueled by successes across every aspect of our business. B. Notably, we reported revenue growth of 7%, including 12% advertising growth, supported by major tentpole events like the midterm election, Super Bowl LVII and the FIFA Men's World Cup as well as outstanding growth at Tubi and 3% affiliate growth led by the first 1/3 of our distribution renewal cycle. C. In a world of increasing audience fragmentation, Fox's collective linear and digital viewership was up 8% year-over-year. D. And on the streaming front, Tubi made its debut in Nielsen's The Gauge, growing total consumption in fiscal 2023 by 79%, making it the #1 AVOD player, with consumption levels equal to a top 5 cable network. E. Each quarter during the year saw successive gains at Tubi and the fiscal fourth quarter was its most impressive of all, with revenue growth of 47% driven by strong engagement, with total viewer time growing by 65%. F. With...

  
Report Type:

Brief

Source:
Company:
Fox Corp
Ticker
FOXA.OQ
Time
12:30pm GMT
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
Thomson StreetEvents. "Fox Corp Q4 2023 Earnings Call Summary" Aug 08, 2023. Alacra Store. May 18, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2023-Fox-Corp-Earnings-Call-B15669385>
  
APA:
Thomson StreetEvents. (2023). Fox Corp Q4 2023 Earnings Call Summary Aug 08, 2023. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2023-Fox-Corp-Earnings-Call-B15669385>
  
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