Fox's revenue lands at $2.42B in Q4

Tuesday, 04. August 2020 22:11

Fox Corporation revealed on Tuesday that the company's revenue for the fourth quarter of fiscal 2020 landed at $2.42 billion, marking a 4% decrease compared to the same period last year. Its net income slid to $145 million, or $0.20 per share compared to the same three-month period the previous year, while adjusted EPS came in at $0.62.

On a yearly level, the company reported revenue of $12.30 billion, 8% higher than the one it saw in fiscal 2019. In the same period, Fox's net income dropped to $1.06 billion, or $1.62 per share. The adjusted earnings per share on a yearly level stood at $2.48.

"FOX delivered strong results for the fourth quarter and full fiscal year, even in spite of the unprecedented environment in which we all continue to operate, underscoring the strength of our brands and content offering. We continue to expand the way audiences interact and connect with our brands while simultaneously diversifying and enhancing our revenue base," Fox CEO Lachlan Murdoch said, commenting on the results.

Fox Corp's stocks gained 1.09% in the after-hours trading, selling for $27.00 at 5 pm ET.

Related Links: Fox Corp.
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Breaking the News / BU