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Fox Corp Class A FOXA

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Fox Posts Strong Q4 as Ad Revenue Bounces Back, Fox News Remains the Dominant News Network

Neil Macker, CFA Senior Equity Analyst

Analyst Note

| Neil Macker, CFA |

Fox reported a strong end to fiscal 2021 as revenue and EBITDA for the fourth quarter both beat FactSet consensus projections. The cable division continues to be the main driver behind profits as ad revenue bounced back amid the return of live sports. Fox News continues to destroy its completion as the network was the most watched news channel for the 78th quarter in a row and increased its market share of total audience by 11%.

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Company Profile

Business Description

Fox represents the assets not sold to Disney by the predecessor firm, Twenty First Century Fox. The remaining assets include Fox News, the FOX broadcast network, FS1 and FS2, Fox Business, Big Ten Network, 28 owned and operated local television stations of which 17 are affiliated with the Fox Network, and the Fox Studios lot. The Murdoch family continues to control the successor firm, which represents a large-scale bet on the value of live sports and news in the U.S. market.

Contact
1211 Avenue of the Americas
New York, NY, 10036
T +1 212 852-7000
Sector Communication Services
Industry Broadcasting
Most Recent Earnings Jun 30, 2021
Fiscal Year End Jun 30, 2022
Stock Type Classic Growth
Employees 9,000

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