Earnings Call Summary | Fox Corp-B(FOX.US) Q3 2024 Earnings Conference
Earnings Call Summary | Fox Corp-B(FOX.US) Q3 2024 Earnings Conference
The following is a summary of the Fox Corporation (FOX) Q3 2024 Earnings Call Transcript:
以下是福克斯公司（FOX）2024年第三季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Fox Corporation reported Q3 total revenues of $3.45 billion, with adjusted EBITDA growing by 7% to $891 million.
Total affiliate revenue fees rose by 4% in Television and Cable segments due to pricing benefits from recent renewals.
Advertising revenues saw a decline due to fewer NFL broadcasts and the absence of the Super Bowl. However, excluding these factors, advertising revenues would have seen a marginal increase.
The company maintains a strong financial position ending the quarter with $3.8 billion in cash, and a net leverage of just 1 time.
福克斯公司報告第三季度總收入爲34.5億美元，調整後的息稅折舊攤銷前利潤增長7％，達到8.91億美元。
由於最近的續約帶來的定價優勢，電視和有線電視板塊的分支總收入費用增長了4％。
由於NFL廣播減少和超級碗缺席，廣告收入有所下降。但是，排除這些因素，廣告收入本來會略有增加。
該公司在本季度末保持強勁的財務狀況，現金爲38億美元，淨槓桿率僅爲1倍。
Business Progress:
業務進展：
Fox News increased its ratings by gaining 50% of total rating points.
Streaming service Tubi reported 22% revenue growth, with increased user engagement and a growing user base.
Sports broadcasting through Fox Sports saw strong ratings, and the United Football League (UFL) was launched.
Anticipated political advertising for 2025 is expected to boost revenues.
A new digital distribution platform targeting non-traditional TV sports fans was set up in collaboration with Disney and Warner Bros Discovery.
Tubi's growth is expected to continue due to the ongoing shift from linear entertainment television to Ad-supported streaming services.
Absence of major events like the Super Bowl was offset by growth of affiliate fees in the television segment.
Future bundling of Fox's sports service with other SVOD services is in consideration.
With a strong balance sheet, Fox Corporation is looking into accretive M&A opportunities in line with their strategic goals.
A shift from scripted to unscripted content in the television segment is being implemented to reduce costs.
福克斯新聞提高了總收視率的50％，從而提高了收視率。
流媒體服務Tubi報告收入增長22％，用戶參與度增加和用戶群不斷增長。
福克斯體育的體育廣播收視率很高，聯合足球聯賽（UFL）也啓動了。
預計2025年的政治廣告將增加收入。
與迪士尼和華納兄弟探索公司合作建立了一個針對非傳統電視體育迷的新數字發行平台。
由於從線性娛樂電視向廣告支持的流媒體服務的持續轉變，Tubi的增長預計將繼續下去。
電視板塊加盟費的增長抵消了超級碗等重大賽事的缺席。
未來正在考慮將福克斯的體育服務與其他SVOD服務捆綁在一起。
憑藉強勁的資產負債表，福克斯公司正在研究符合其戰略目標的增值併購機會。
爲了降低成本，正在實施電視領域從腳本內容向非腳本內容的轉變。
More details: Fox Corp-B IR
更多詳情： Fox Corp-B 紅外線
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