Fox Corporation Shares Up 8% Since Q4 Earnings Announcement 
<p><a href='https://financialmodelingprep.com/financial-summary/FOXA'>Fox Corporation (NASDAQ:FOXA)</a> shares rose around 8% since the company’s reported Q4 results last week, with revenue coming in at $3.03 billion, up 5% year-over-year. Adjusted EPS was $0.74, compared to $0.65 in the prior-year quarter. Adjusted EBITDA grew 7% year-over-year to $770 million, driven by higher contributions at the Television segment.</p>
<p>According to the analysts at RBC Capital, the company’s focus on prioritizing its marquee live news and sports programming in the linear ecosystem with a relatively concentrated portfolio of networks has stood in contrast to its peers that are in the midst of a highly disruptive business model shift towards streaming. </p>
<p>Despite concerns that the company will be left behind given its reliance on the legacy Pay TV ecosystem, the analysts noted that the Q4 results and the momentum heading into a banner 2023 suggests the company is very well positioned to continue delivering peer-leading affiliate and advertising revenue growth while its balance sheet and robust free cash flow profile offer optionality for any future strategic shifts.</p>

NASDAQ:FOXA