Fox Corp. reported fourth-quarter FY22 revenue growth of 5 percent year-on-year to $3.03 billion, missing the consensus of $3.05 billion.
Affiliate revenues increased 4 percent Y/Y to $1.73 billion with 2 percent growth in the Cable Network Programming segment and 7 percent growth in the Television segment.
Advertising revenues increased 7 percent Y/Y to $1.06 billion, primarily due to continued pricing strength at the FOX Network and continued growth at Tubi.
Other revenues increased 4 percent to $252 million due to the consolidation of entertainment production companies.
Adjusted EPS of $0.74 missed the consensus of $0.76.
Adjusted EBITDA increased 7 percent Y/Y to $770 million.
Fox generated $1.88 billion in operating cash flow compared to $2.64 billion last year. It held $5.2 billion in cash and equivalents at the end of Q4….