UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38776 FOX CORPORATION (Exact name of registrant as specified in its charter) Delaware 83-1825597 (State or o ...

财务数据和关键指标变化 - 总收入为34.5亿美元,同比下降[19][20] - 调整后EBITDA增长7%至8.91亿美元[19] - 净收入为6.66亿美元,每股收益1.40美元,上年同期为亏损[20][21] - 剔除非核心项目影响,调整后每股收益为1.09美元,同比增长16%[21] 各条业务线数据和关键指标变化 有线电视业务 - 收入下降6%至14.7亿美元,EBITDA增长3%至8.19亿美元[22][23] - 联盟费收入增长1%,广告收入下降6%[22] - 其他收入下降8900万美元,主要是体育转播权收入时间性调整[22][23] 电视业务 - 收入下降22%至19.4亿美元,EBITDA增长24%至1.45亿美元[24][25] - 联盟费收入增长9%,广告收入下降40%[24] - 其他收入增加3000万美元,主要是娱乐制作公司交付时间性调整[24][25] 各个市场数据和关键指标变化 - FOX新闻频道继续保持有线电视收视第一的地位[8] - Tubi用户数增长20%至8000万,总观看时长增长36%,收入增长22%[9][10] - FOX体育在NFL季后赛、大学体育等领域表现出色,观众人数大幅增长[11][12] 公司战略和发展方向及行业竞争 - 公司坚持广播电视和有线电视业务,同时积极拓展Tubi等新兴数字业务[6][15] - 与迪士尼和华纳兄弟成立新的体育数字分发平台,计划今年秋季推出[14] - 公司有望从即将到来的总统大选周期和明年超级碗等重大事件中获益[7][13] - 公司认为广播电视网络对体育联盟仍然非常重要,不会被SVOD服务取代[38][39] 管理层对经营环境和未来前景的评论 - 管理层对广告市场趋势持乐观态度,体育广告需求保持强劲,FOX新闻广告也有所改善[7] - 管理层对Tubi的增长前景充满信心,认为其独特的用户群和观看习惯将为广告商带来价值[32][33] - 管理层表示未来一个季度Tubi将面临较高的同比基数,增长可能会放缓[34] - 管理层对公司的财务状况和资本回报计划表示信心[15][26] 问答环节重要的提问和回答 问题1 **John Hodulik 提问** 询问Tubi的增长动力、CPM水平以及未来盈利能力[31] **Lachlan Murdoch 回答** - Tubi增长来自新用户的加入以及高效的营销推广[32] - Tubi的90%观看时长来自主动点播,这对广告商更有价值[33] - 公司有信心维持Tubi的CPM水平,不会受到新竞争对手的影响[33][34] 问题2 **Robert Fishman 提问** 询问公司在体育权益谈判中的策略,以及是否缺乏自有SVOD服务的劣势[36] **Lachlan Murdoch 回答** - 公司对现有体育权益组合很满意,不会因NBA谈判而改变策略[38][39] - 广播网络对体育联盟仍然重要,公司不会因缺乏SVOD服务而处于劣势[39] 问题3 **Jessica Reif Ehrlich 提问** 询问公司对政治广告的预期以及未来M&A机会[49] **Lachlan Murdoch 回答** - 公司对未来政治广告市场充满信心,尤其是关键州的参议院竞选[50][51] - 公司将继续关注有价值的并购机会,但目前尚未发现合适标的[52] - 预计Tubi未来三年仍将保持强劲增长势头[53]

Fox CEO Lachlan Murdoch said the upcoming sports streaming venture with Disney/ESPN and Warner Bros. Discovery is forging ahead with over 150 engineers now on board dedicated “to building a unique and innovative product” for sports fans outside the traditional cable bundle. The venture recently launched internal beta tests, he said, and “It’s an incredibly exciting product and we can’t wait to launch it this fall.” In March, former Apple and Hulu exec Pete Distad was tapped to head the new JV. Murdoch call ...

Exhibit 99.1 EARNINGS RELEASE FOR THE QUARTER ENDED MARCH 31, 2024 FOX REPORTS THIRD QUARTER FISCAL 2024 REVENUES OF $3.45 BILLION, NET INCOME OF $704 MILLION, AND ADJUSTED EBITDA OF $891 MILLION NEW YORK, NY, May 8, 2024 – Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company”) today reported financial results for the three months ended March 31, 2024. The Company reported total quarterly revenues of $3.45 billion as compared to the $4.08 billion reported in the prior year quarter. Affiliate fee revenu ...

Fox Corporation财务业绩 - Fox Corporation将于2024年5月8日发布第三季度财务业绩[1] Fox Corporation品牌影响力 - Fox Corporation通过其主要标志性国内品牌生产和分发引人入胜的新闻、体育和娱乐内容[3] - Fox Corporation的品牌在消费者中具有文化意义，在分销商和广告商中具有商业重要性[3]

NEW YORK--(BUSINESS WIRE)--FOX Nation has renewed its original hit series “Crime Cam 24/7” for a second season, announced Lauren Petterson, president of the platform. Hosted by Live PD alumnus and retired Tulsa, Oklahoma police officer Sean “Sticks” Larkin, new episodes are set to roll out every Friday, beginning on March 29th at 6 PM/ET. The program will again air in the same timeslot as hit series “COPS,” which will return for an all-new season this fall. Notably, FOX Nation continues to offer a one-year ...

媒体股投资环境 - 媒体股投资环境在近年来发生了巨大变化，大部分主要美国新闻频道属于少数庞大的公司实体[1] - 媒体公司倾向于吸引观众使用观点和感官，这可能导致质量下降，但为投资者提供了一个以利润为驱动的公司进行投资[2] 2024年美国总统选举 - 2024年美国总统选举临近，这些媒体巨头将争夺观众，这种竞争循环往往暂时提振媒体股票，因为随着关注度的增加，它们的价格会上涨[3]

NEW YORK--(BUSINESS WIRE)--FOX Nation, FOX News Media’s subscription based streaming service, has expanded distribution to DISH TV and SLING TV, announced its president Lauren Petterson. In making the announcement, Petterson said, “We’re thrilled to partner with DISH and SLING to make our on-demand content more readily available to viewers who crave FOX Nation.” Beginning mid-March, DISH customers will be able to add FOX Nation for $5.99 per month. Customers can purchase FOX Nation through the MyDISH ap ...

Fox Corp.业务发展 - Fox Corp. COO John Nallen表示公司更注重业务增长而非出售业务[1] - 公司对出售资产的想法并未被考虑，更专注于业务增长[5] - Fox对通过收购增加业务增长非常感兴趣，但股价下滑使得这一愿望受阻[6]

NEW YORK--(BUSINESS WIRE)--FOX News Channel’s (FNC) chief political anchor and executive editor of Special Report Bret Baier will present an exclusive interview with Ukrainian President Volodymyr Zelenskyy on Thursday, February 22nd at 6 PM/ET from Ukraine. Airing on Special Report, the interview will mark the first time Zelenskyy has been interviewed at the frontlines of combat since the war started on February 24, 2022. Taking place less than a mile and a half from Russian positions, Baier will speak wit ...