D-Wave Quantum falls nearly 3% as earnings miss overshadows revenue beat
NEW YORK - Fox Corporation (NASDAQ:FOXA) reported fourth quarter fiscal 2025 adjusted earnings per share of $1.27, significantly exceeding analyst estimates of $0.99, while revenue reached $3.29 billion, surpassing the consensus forecast of $3.12 billion.
The media giant saw total quarterly revenues increase by $195 million or 6% compared to the same period last year. Advertising revenues grew 7%, primarily driven by continued digital growth from the Tubi AVOD service and stronger news ratings and pricing. Affiliate fee revenues increased 3%, with the Television segment growing 4% and the Cable Network Programming segment up 2%.
Quarterly Adjusted EBITDA reached $939 million, a substantial increase of 21% from the prior year quarter. The company reported net income of $719 million, more than doubling the $320 million reported in the same quarter last year.
"Fiscal 2025 was another outstanding year for FOX, demonstrating broad based strength across our businesses and achieving record financial results all while making important investments in our digital growth assets," said Executive Chair and Chief Executive Officer Lachlan Murdoch.
The company’s Cable Network Programming segment reported quarterly revenues of $1.53 billion, up 7% YoY, while the Television segment saw revenues increase 6% to $1.71 billion.
Fox also announced a $5 billion increase to its share repurchase authorization and raised its semi-annual dividend to $0.28 per share, reflecting management’s confidence in the company’s financial position and future prospects.
For the full fiscal year 2025, Fox reported total revenues of $16.30 billion, a 17% increase from the prior year, with net income reaching $2.29 billion compared to $1.55 billion in fiscal 2024.
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