Summary
Fox Corporation reported a notable increase in total revenues for the three months ended September 30, 2025, up 5% to $3.74 billion, driven by strong performance in both its Cable Network Programming and Television segments. While top-line growth was positive, net income attributable to stockholders saw a significant decline of 28% to $599 million, primarily due to a change in the fair value of equity investments and increased operating expenses, particularly in selling, general, and administrative costs related to the launch of its new direct-to-consumer service, FOX One. The Cable Network Programming segment demonstrated a 4% revenue increase, with Segment EBITDA rising 7%. The Television segment also saw a 5% revenue boost and a 7% increase in Segment EBITDA, with continued digital growth from Tubi and strong NFL advertising performance contributing significantly. However, the Corporate and Other segment experienced an 86% decline in Segment EBITDA, largely attributed to the substantial costs associated with the FOX One launch. Despite the reported net income decrease, the company maintained a solid liquidity position with $4.4 billion in cash and cash equivalents and an undrawn $1.0 billion revolving credit facility.
Financial Highlights
46 data points| Revenue | $3.74B |
| SG&A Expenses | $589.00M |
| Net Income | $599.00M |
| EPS (Basic) | $1.34 |
| EPS (Diluted) | $1.32 |
| Shares Outstanding (Basic) | 447.00M |
| Shares Outstanding (Diluted) | 455.00M |
Key Highlights
- 1Total revenues increased by 5% to $3.74 billion for the quarter ended September 30, 2025, compared to the prior year period.
- 2Net income attributable to Fox Corporation stockholders decreased by 28% to $599 million, largely impacted by a change in fair value of equity investments.
- 3Cable Network Programming segment revenues grew 4% and Segment EBITDA increased 7%, driven by higher distribution and advertising revenues.
- 4Television segment revenues rose 5% and Segment EBITDA grew 7%, supported by strong digital advertising from Tubi and NFL advertising.
- 5Corporate and Other Segment EBITDA significantly decreased by 86% due to costs associated with the launch of FOX One, a new DTC service.
- 6Selling, general, and administrative expenses increased by 17% primarily due to marketing costs for FOX One and higher employee costs.
- 7The company ended the quarter with $4.4 billion in cash and cash equivalents and an undrawn $1.0 billion revolving credit facility, indicating strong liquidity.