FOX - Fox Non-GAAP EPS of $0.48 beats by $0.05 revenue of $4.6B beats by $20M
- Fox press release ( NASDAQ: FOX ): Q2 Non-GAAP EPS of $0.48 beats by $0.05 .
- Revenue of $4.6B (+3.6% Y/Y) beats by $20M .
- Quarterly Adjusted EBITDA was $531 million, a 71% increase from the $310 million reported in the prior year quarter, reflecting the revenue increases noted above and lower expenses due to the absence of Thursday Night Football.
- CEO update: "A compelling fall sports schedule, combined with an active midterm political news cycle, showcased the power and relevance of the FOX platform in our fiscal second quarter. Whether measured in terms of engagement, monetization or profitability, our focused strategy of live news and sports programming, coupled with our growing digital initiatives, continues to deliver. Today's announcement to increase our share repurchase authorization and our intention to immediately deploy a meaningful amount of capital in an accelerated share repurchase transaction reflects the confidence we have in our strategy, the quality of our assets and the strength of our financial position."
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Fox Non-GAAP EPS of $0.48 beats by $0.05, revenue of $4.6B beats by $20M