Entertainment company Twenty-First Century Fox Inc. reported on Wednesday that its revenue in the first fiscal quarter of 2019 ending September 30th amounted to $7.18 billion, rising 2.4% from the same quarter a year ago. The increase was weighed down approximately 2% by foreign exchange rates, the report added.
In the same period, income from continuing operations jumped 54%, reaching $1.29 billion, including a non-cash tax benefit of approximately $220 million related to the acquisition if Sky plc. Earnings per share (EPS) increased from 0.45$ to $0.69 in the last reported quarter. The company said its Operating Income Before Depreciation And Amortization (OIBDA) stood at $1.87 billion in the fiscal first quarter, adding 5% annually, mostly due to contributions from the Cable network programming segment, followed by filmed entertainment, and lastly, television.
"We continue to deliver against our growth plan even as we make important strides toward completing our Disney transaction and launching FOX in the first half of 2019. We have assembled a stellar leadership team for FOX, giving us further confidence in the new company’s ability to capture opportunities in live programming while delivering long-term value for shareholders," said Rupert and Lachlan Murdoch, Executive Chairmen of Twenty-First Century Fox.
