Earnings Review and Free Research Report: Twenty-First Century Fox Reported Better Than Expected Earnings

Research Desk Line-up: Live Nation Entertainment Post Earnings Coverage

LONDON, UK / ACCESSWIRE / August 31, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Twenty-First Century Fox, Inc. (NYSE: FOX), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=FOX, following the Company’s announcement of its financial results on August 08, 2017, for the fourth quarter fiscal 2017. The Company’s total revenue increased 1.5% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member’s account at:

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Get more of our free earnings reports coverage from other constituents of the Entertainment – Diversified industry. Pro-TD has currently selected Live Nation Entertainment, Inc. (NYSE: LYV) for due-diligence and potential coverage as the Company released on August 09, 2017, its financial results for Q2 2017 which ended on June 30, 2017. Register for a free membership today, and be among the early birds that get access to our report on Live Nation Entertainment when we publish it.

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on FOX; also brushing on LYV. With the links below you can directly download the report of your stock of interest free of charge at:

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Earnings Reviewed

For three months ended June 30, 2017, Twenty-First Century Fox’s total revenue increased 1.5% to $6.75 billion on a y-o-y basis from $6.65 billion in Q4 FY16. The increase was due to higher affiliate and advertising revenue at the Cable Network Programming segment. Revenue came in below analysts’ expectations of $6.77 billion.

During Q4 FY17, the Company’s Affiliate fee revenue increased 9.7% to $3.18 billion on a y-o-y basis, Advertising revenue remained flat at $1.70 billion and content revenue decreased 8.9% to $1.73 billion on a y-o-y basis.

For the reported quarter, the Company’s selling, general, and administrative expenses (SG&A) increased 2% to $1.01 billion from $990 million in Q4 FY16. During Q4 FY17, Twenty-First Century Fox’s depreciation and amortization (D&A) expenses decreased 2.9% to $143 million from $139 million in the same quarter last year. During Q4 FY17, the Company’s interest expenses increased 4.7% to $310 million from $296 million in Q4 FY16.

During Q4 FY17, Twenty-First Century Fox’s net income decreased 11.6% basis to $501 million on a y-o-y from $567 million in Q4 FY16. During Q4 FY17, the Company’s adjusted net income decreased 21.9% to $660 million on a y-o-y basis from $845 million in Q4 FY16. For the reported quarter, the Company’s EPS decreased 10% to $0.27 on a y-o-y basis from $0.30 in Q4 FY16. During Q4 FY17, the Company’s adjusted EPS decreased 20% to $0.36 on a y-o-y basis from $0.45 in Q4 FY16. The adjusted EPS surpassed analysts’ expectations of $0.35.

On August 09, 2017, the Company’s Board of Directors declared dividend of $0.18 payable on October 18, 2017, to shareholders of record as on September 13, 2017.

Twenty-First Century Fox’s Segment Details

Cable Network Programming – During Q4 FY17, the Cable Network Programming segment’s revenue increased 10.5% to $4.33 billion from $3.92 billion in Q4 FY16. For the reported quarter, the segment’s operating income before depreciation and amortization (OIBDA) increased 19% to $1.44 billion from $1.21 billion in Q4 FY16. The increase was due to 10% higher revenue from strong affiliate, content and advertising growth.

Television – During Q4 FY17, the Television segment’s revenue decreased 3.8% to $1.00 billion from $1.04 billion in Q4 FY16. For the reported quarter, the segment’s OIBDA decreased 4.9% to $137 million from $144 million in Q4 FY16.

Filmed Entertainment – During Q4 FY17, the Filmed Entertainment segment’s revenue decreased 11.8% to $1.80 billion from $2.04 billion in Q4 FY16. For the reported quarter, the segment’s OIBDA was negative $22 million compared to positive $164 million in Q4 FY16. The decrease was due to lower revenues at both the film and television studios.

Balance Sheet

As on June 30, 2017, Twenty-First Century Fox’s cash and cash equivalents increased 39.4% to $6.16 billion from $4.42 billion in Q4 FY16.

During Q4 FY17, the Company’s inventories, part of current assets, decreased 5.8% to $3.10 billion from $3.29 billion in Q4 FY16.

Stock Performance

On Wednesday, August 30, 2017, the stock closed the trading session at $27.01, marginally up 0.37% from its previous closing price of $26.91. A total volume of 2.06 million shares have exchanged hands. Twenty-First Century Fox’s stock price advanced 8.69% in the previous twelve months. The stock is trading at a PE ratio of 16.61 and has a dividend yield of 1.33%.

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