| May 11, 2026 | earnings | Fox Corporation released financial results for the quarter ended March 31, 2026. |
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| Feb 4, 2026 | earnings | Fox Corporation released financial results for the quarter ended December 31, 2025. |
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| Nov 17, 2025 | other | Fox Corp held its Annual Meeting on November 14, 2025, with shareholders electing directors. |
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| Oct 30, 2025 | Guidance: accelerated_share_repurchase | 1500.00 to not reported |
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| May 11, 2026 | mda_quarterly | FOX's total revenues decreased 9% to $3.994 billion for the three months ended March 31, 2026, and 1% to $12.914 billion for the nine months, primarily driven by lower advertising revenue. The three-month advertising decline of 24% ($480 million) was largely due to the absence of the Super Bowl LIX broadcast, partially offset by growth in Tubi AVOD and an additional NFL postseason game. Distribution revenue increased 3% for both periods, benefiting from higher average subscriber rates despite a declining subscriber base. Net income fell 51% to $175 million for the quarter and 34% to $1.031 billion for the nine months, mainly due to a change in the fair value of investments.
Cable Network Programming revenues rose 6% for the quarter, driven by higher distribution rates, sports advertising, and sports sublicensing, though operating expenses increased due to expanded international soccer rights. Television segment revenues decreased 19% for the quarter, primarily from the Super Bowl LIX absence impacting advertising and lower distribution subscribers, but Segment EBITDA improved significantly due to reduced sports programming rights amortization. Corporate and Other's EBITDA declined substantially due to costs associated with the launch of FOX One, the Company’s direct-to-consumer streaming service.
The Company holds $3.6 billion in cash and an unused $1.0 billion revolving credit facility. Net cash provided by operating activities decreased for the nine months to $1.103 billion, impacted by lower advertising receipts from the Super Bowl and political elections, alongside higher sports programming payments. Net cash used in financing activities increased significantly due to a $1.5 billion accelerated share repurchase program. |
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| Feb 4, 2026 | mda_quarterly | FOX reported a 2% revenue increase to $5.18 billion for the three months ended December 31, 2025, and a 3% increase to $8.92 billion for the six-month period, driven by higher distribution and advertising revenues. Distribution revenue growth stemmed from increased average rates per subscriber and higher fees from FOX Network affiliates, partially offset by a declining subscriber base. Advertising revenue benefited from higher linear pricing, digital growth via Tubi, and additional MLB postseason games, but was significantly impacted by the absence of 2024 political advertising and lower ratings.
Net income decreased 36% to $247 million for the quarter and 30% to $856 million for the six months, primarily due to a change in fair value of equity investments. Operating expenses rose due to higher sports programming rights amortization, production costs (especially international soccer and NFL), and digital content costs, partially offset by lower newsgathering and entertainment programming costs. Selling, general and administrative expenses increased, largely due to marketing for the new direct-to-consumer streaming service, FOX One, which also drove a significant decrease in Corporate and Other Segment EBITDA due to launch and content costs.
The Cable Network Programming segment saw 5% revenue growth from distribution, advertising (news and sports pricing), and sports sublicensing, despite higher sports rights costs. The Television segment's revenue was flat for the quarter but up 1% for six months, with advertising gains from MLB and Tubi offset by political ad absence and higher sports rights costs. FOX maintains $2.0 billion in cash and a $1.0 billion unused credit facility, but experienced increased cash usage from stock repurchases, including a $1.5 billion accelerated share repurchase, and higher investments. |
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| Oct 30, 2025 | mda_quarterly | FOX reported a 5% increase in total revenues to $3.738 billion for the three months ended September 30, 2025, driven by growth across all categories. Distribution revenue rose 3% due to higher average subscriber rates, despite a decline in the average number of subscribers. Advertising revenue increased 6%, primarily from continued digital growth led by the Tubi AVOD service, higher news pricing, and stronger sports pricing and ratings, though partially offset by the absence of 2024 political advertising. Content and other revenues grew 12% from higher entertainment content and sports sublicensing.
Despite revenue growth, net income decreased 27% to $609 million, largely due to a change in the fair value of investments. Adjusted EBITDA, however, saw a 2% increase to $1.065 billion. Operating expenses increased 3% due to higher entertainment programming rights and digital content costs, partially offset by lower sports programming rights and newsgathering costs post-election. Selling, general and administrative expenses jumped 17%, primarily from marketing costs for the new direct-to-consumer streaming service, FOX One, and higher employee costs.
The Cable Network Programming segment saw revenues rise 4% and EBITDA increase 7%, benefiting from higher distribution rates and news advertising, despite increased sports programming costs. The Television segment's revenues grew 5% and EBITDA increased 7%, fueled by Tubi's digital advertising, strong NFL sports pricing and ratings, and higher retransmission fees, even with subscriber declines and increased entertainment programming costs. Corporate and Other EBITDA significantly declined due to FOX One launch expenses.
FOX maintains a strong liquidity position with $4.4 billion in cash and an unused $1.0 billion revolving credit facility. Operating cash flow was negative $130 million, impacted by lower political advertising receipts and higher programming payments. |
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