Fox (FOXA) Revenue — Quarter Ended Dec 31, 2023
Revenue for the quarter increased sequentially from the preceding quarter but declined compared to the same quarter last year. The year-to-date revenue also showed a decrease relative to the prior year.
Key takeaway
Quarter ended Dec 31, 2023 · FY2024 Q2
Revenue for the quarter increased sequentially from the preceding quarter but declined compared to the same quarter last year. The year-to-date revenue also showed a decrease relative to the prior year.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.2B
Revenue reported for this quarter.
Quarter-over-quarter
+32.0%
Change from the immediately preceding quarter.
Year-over-year
-8.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.6B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Mar 31, 2023 | $4.1B | +18.2% |
| Jun 30, 2023 | $3B | -0.0% |
| Sep 30, 2023 | $3.2B | +0.5% |
| Dec 31, 2023 | $4.2B | -8.1% |
Revenue performance
Revenues in the current quarter were lower than the prior year's comparable period, consistent with the six-month trend. Operating expenses decreased moderately, but net income fell significantly from the year-ago quarter.
Quarterly comparison
Compared to the preceding quarter, revenue rose sharply, reversing the prior sequential decline. However, compared to the same quarter one year earlier, revenue was lower.
What to watch
The company maintains a strong liquidity position and continues to evaluate potential acquisitions and divestitures, which could impact future performance.