Fox Corporation generated Q4 revenues of $2.5 billion, a 5-percent increase from the prior-year quarter, with full-year revenues up 12 percent to $11.4 billion.
“The strategic rationale for the formation of Fox Corporation, with our unique set of assets, is underscored by our strong fiscal 2019 operational and financial results that include top-line growth across our operating segments and key revenue categories,” said Lachlan Murdoch, executive chairman and CEO. “We are strongly positioned as we enter our first full fiscal year, during which we will broadcast Super Bowl LIV, become the home of WWE’s Smackdown LIVE, and further our digital growth, all while continuing to deliver the compelling news, sports and entertainment content that our audiences have come to expect from FOX.”
The company’s cable networks (with Fox News and Fox Sports) generated revenues of $1.3 billion in the quarter, driven by an increase in affiliate revenues, while ad revenues were down. The television segment contributed $1.2 billion, a 5-percent gain, as affiliate revenues increased by ad revenues fell.
Net income in Q4 was $454 million, while full-year profit was $1.6 billion.