Twenty-First Century Fox, Inc. Issues FY 2016 EBITDA Guidance; Comments On Long Term Guidance-Conference Call

Thursday, 8 Aug 2013 12:00pm EDT 

Twenty-First Century Fox, Inc. announced that for fiscal 2016, it expects EBITDA target of $9 billion plus, a low-teens annual growth rate over fiscal 2013. The Company also announced that earnings growth would be lower in the next two years, high single to low double-digit in fiscal 2014 as the Company launch US sports and entertainment networks, as well as Asian sports networks. The Company expect revenue growth during the next three years in the high single digits. The Company reported net income of $3.181 billion and revenue of $27.675 billion for fiscal 2013. According to I/B/E/S estimates, analysts were expecting the Company to report net income of $3.473 billion, revenue of $30.228 billion for fiscal 2014; revenue of $32.123 billion, net income of $4.308 billion for fiscal 2015; revenue of $33.583 billion, EBITDA of $8.646 billion for fiscal 2016.