Revenue segments as reported by the company.

Cable Network Programming

Television

Other, Corporate and Eliminations

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Operating expenses

Selling, general and administrative

Depreciation and amortization

Impairment and restructuring charges

Interest expense, net

Interest income

Other, net

Equity (losses) earnings of affiliates

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Twenty-First Century Fox

Fox is an American multinational mass media corporation that is based in Midtown Manhattan, New York City. It is one of two companies formed from the 2013 spin-off of the publishing assets of News Corporation, as founded by Rupert Murdoch in 1979.

National Geographic in partnership with 21st Century Fox, the Society operates the magazine, TV channels, a website that features extra content and worldwide events, and other media operations. 21st Century Fox owns 73% of National Geographic.

National Geographic

Star TV  sometimes styled as "STAR TV" (standing for Satellite Television Asian Region), is an Asian TV service owned by 21st Century Fox. In 2009, News Corporation restructured Star Asia into 3 units – Star India, Star Greater China and Fox International Channels Asia.

Star TV

Regency Enterprises  is an American entertainment company formed by Arnon Milchan. It was founded in 1991 as the successor to Regency International Pictures formerly known as Embassy International Pictures N.V.

Regency Enterprises

Endmol Shine Group is a Dutch production company of scripted and non-scripted television, responsible for programmes such as Big Brother, MasterChef, The Biggest Loser and Hunted. Endemol Shine Group companies include Dragonfly, Kudos, and Princess Productions.

Endmol Shine Group

Fox Corp. engages in providing television production and broadcasting services. It also provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations, and Tubi Media Group. It operates through the following segments: Cable Network Programming, Television, and Other and Corporate. The Cable Network Programming segment refers to the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators, and telecommunication companies and online multi-channel video programming distributors. The Television segment focuses on the acquisition, marketing, and distribution of broadcast network programming. The Other and Corporate segment relates to the FOX Studio Lot, Credible Labs Inc, corporate overhead costs, and intracompany eliminations. The company was founded by Keith Rupert Murdoch on May 3, 2018, and is headquartered in New York, NY.

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Earnings data Q1 2025

Earnings data Q2 2025

FOXA reports strong Q3 earnings, addresses challenges and opportunities

FOXA's Q3 2023 earnings call highlighted robust revenue growth, strong EBITDA, and free cash flow, while also addressing challenges and uncertainties raised by analysts. The company's performance, particularly in advertising and streaming, positions it well for future opportunities.

FOX Corporation excels in Q2 2023 with record revenue and strategic focus

Twenty-First Century Fox (FOXA) demonstrated strong financial results driven by revenue growth and operational excellence across key segments. The company's focus on content quality, viewer engagement, and strategic decision-making underscored its competitive position in the media industry. While challenges and competition persist, FOX Corporation's commitment to innovation and value creation bodes well for future performance and shareholder returns.

Fox Corporation reports strong Q3 earnings and strategic growth focus

Fox Corporation's Q3 2023 earnings call showcased robust revenue growth, strong EBITDA, and a focus on shareholder value through capital returns.
While facing challenges such as net losses and market dynamics, the company's strengths in market leadership and strategic decision-making provide a solid foundation for growth.
Opportunities lie in expanding revenue streams, leveraging digital platforms like Tubi, and embracing innovation to drive future success in a competitive media landscape.

Twenty-First Century Fox (FOXA) reports record fiscal year 2023 performance

Twenty-First Century Fox (FOXA) delivered a strong fiscal year 2023, marked by record revenue and EBITDA growth. While facing challenges such as rising production costs and industry competition, the company's strengths in financial stability and shareholder value return position it well for future opportunities in content expansion and international market growth.

Fox Corporation reports mixed Q1 performance, optimistic about future growth

Twenty-First Century Fox (FOXA) reported a mixed performance in Q1 2024 with total revenues slightly above the prior year, driven by affiliate fee revenue growth but offset by a decline in advertising revenues. The company's focus on core brands, successful programming, and strategic partnerships positions it well for future growth despite challenges in the advertising market. Opportunities in Tubi's growth and linear advertising remain key focus areas for Fox Corporation.

Fox Corporation reports mixed Q2 results but sees growth opportunities

Fox Corporation's Q2 2024 earnings call showcased growth in affiliate fee revenues and Tubi metrics, strong sports advertising demand, and successful programming in FOX Entertainment. Despite challenges such as declining quarterly adjusted EBITDA and total company revenues, the company's new sports platform partnership presents opportunities in the cord-nevers market.

FOX Corporation reports solid Q3 performance, eyes growth through digital

FOX Corporation's Q3 2024 performance reflects resilience and growth in key segments despite challenges in advertising revenues. With a focus on digital platforms and strategic partnerships, the company is well-positioned to capitalize on opportunities in the sports media landscape and drive future growth.

Twenty-First Century Fox (FOXA) reports robust fiscal '24 performance

Twenty-First Century Fox (FOXA) delivered strong financial performance in fiscal '24, with notable achievements across its segments. The company is well-positioned to capitalize on opportunities in affiliate fees, digital growth initiatives, and sports streaming services. Challenges lie in maintaining momentum and navigating competitive dynamics in the evolving media landscape.

Fox Corporation excels in Q1 2025 with record revenues and strategic focus

In summary, Twenty-First Century Fox (FOXA) demonstrated robust financial performance in Q1 2025, driven by strong results across its key segments, including Fox News, Tubi, and Fox Sports.
The company's focus on revenue diversification, operational efficiency, and shareholder value creation underscores its resilience and strategic foresight in navigating the dynamic media landscape.
While challenges such as sustaining viewership levels and adapting to digital trends persist, Fox Corporation's proactive approach and commitment to innovation position it well for future growth and success.

Revenue

Cost of revenue

Gross profit

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Netflix

Roku

TEGNA

Radio and television broadcast companies like NFLX, FOXA, ROKU and TGNA benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

4 Broadcast Radio & TV Stocks to Watch From a Challenging Industry

Fox Corp FOXA warrants a Buy rating, according to Goldman Sachs analyst Michael Ng.

Fox Corp's Political Ad Revenue Surges, Tubi Growth Sparks Analyst Optimism

Fox Corporation (NASDAQ:FOX ) Q1 2025 Earnings Conference Call November 4, 2024 8:00 AM ET Company Participants Gabrielle Brown - EVP & Chief Investor Relations Officer Lachlan Murdoch - Executive Chair & CEO Steve Tomsic - CFO Conference Call Participants Michael Morris - Guggenheim Partners Benjamin Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson John Hodulik - UBS Jessica Reif Ehrlich Cohen - Bank of America Michael Ng - Goldman Sachs Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation First Quarter Fiscal Year 2025 Earnings Conference Call.

Fox Corporation (FOX) Q1 2025 Earnings Call Transcript

Total revenue hit $3.56 billion, and Fox COE Lachlan Murdoch pointed to record political advertising across the company and strong growth at its ad-supported streaming platform, Tubi.

Fox Corp. shares soar as record ad boom ahead of elections helps revenue beat estimates

FOXA's fiscal Q1 results reflect an increase in Affiliate fees, driven by growth in the Television segment and Cable Network Programming segment.

Fox's Q1 Earnings Surpass Estimates, Revenues Improve Y/Y

Fox Corp (NASDAQ:FOXA) turned in better than expected quarterly earnings, thanks to record levels of political advertising ahead of this week's US presidential election.  Revenues of $3.56 billion were generated in the three months ended September 30, the group's fiscal first quarter, up 11% on a year earlier as television revenues grew 10% while cable network revenue rose 3%.

Fox beats expectations thanks to record political advertising

Although the revenue and EPS for Fox (FOXA) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fox (FOXA) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates

Fox (FOXA) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.09 per share a year ago.

Fox (FOXA) Q1 Earnings and Revenues Beat Estimates

Fox Corp. beat Wall Street analysts' consensus forecast in its fiscal first quarter of 2025, with a swell of political ad spending along with strength at Fox Sports driving results. Total revenue climbed 11% from the year-earlier period, hitting $3.56 billion, while adjusted net income zoomed to $1.45 per share from $1.

Political Ad Surge Propels Fox Corp. Past Wall Street Quarterly Estimates

Fox Corp beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher advertising revenue from its streaming service ahead of the U.S. presidential election.

Fox Corp beats revenue estimates on robust political advertising

NEW YORK , Nov. 4, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended September 30, 2024. The Company reported total quarterly revenues of $3.56 billion, an increase of $357 million or 11% from the amount reported in the prior year quarter.

FOX REPORTS FIRST QUARTER FISCAL 2025 REVENUES OF $3.56 BILLION, NET INCOME OF $832 MILLION, AND ADJUSTED EBITDA OF $1.05 BILLION

FOXA shares are expected to suffer from lower volume of third-party content revenue and persisting inflation. However, Tubi's performance bodes well for investors.

Fox to Report Q1 Earnings: What's in the Offing for FOXA Shares?

Besides Wall Street's top -and-bottom-line estimates for Fox (FOXA), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended September 2024.

Wall Street's Insights Into Key Metrics Ahead of Fox (FOXA) Q1 Earnings

Fox (FOXA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fox (FOXA) Reports Next Week: Wall Street Expects Earnings Growth

Fox Corp. has reorganized its ad sales, marketing and brand partnerships group, announcing several senior exec hires but also cuts of about 3% of the workforce in the unit.

Fox Corp. Ad Sales Reorg Sees Handful Of Senior Exec Hires As Well As Layoffs Affecting A Handful Of Staffers

NEW YORK and LOS ANGELES , Oct. 21, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA) (Nasdaq: FOX) will discuss first quarter fiscal 2025 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m.

Fox Corporation Executives to Discuss First Quarter Fiscal 2025 Financial Results Via Webcast

Despite FOXA's solid performance in digital news & cable ratings, the trend of cord-cutting and intense competition indicates that investors should sell the stock.

Fox's News Channel Tops Q3 Cable Ratings: How to Play the Stock?

Fox Corp (NASDAQ:FOXA) is set to benefit from a ramping political cycle when it hands down its latest quarterly earnings report, analysts at UBS believe.   Ahead of Fox reporting its fiscal first quarter 2025 financial results in November, analysts awarded the ‘Buy'-rated stock a $44 price target, implying upside of about 13.5% to its current share price.

Fox entertainment weakness set to be offset by ramping political ad spend, Tubi growth

Fox's strong IP, profitable linear business, and surging Tubi streamer service make it an undervalued stock, with a bullish outlook despite some softness in year-over-year results. CEO Lachlan Murdoch's announcement to pursue Fox's 18.6% option on Fan Duel, valued at $3.7 billion, is a significant catalyst for future growth. Fox's strategic options include selling its Fan Duel stake for profit, forming a marketing partnership, or potentially merging with Flutter to maximize value.

Fox: Murdoch's Move On Fan Duel Option Is A Game Changer For Both Stocks

Award-winning HBO series "Succession," which centered on a media company's patriarch struggle to find a successor for his company was a work of fiction that was well loved by viewers.

Rupert Murdoch's Family Court Battle Over Fox Control Mirrors 'Succession' Drama

Fox (FOXA) reported earnings 30 days ago. What's next for the stock?

Why Is Fox (FOXA) Up 5% Since Last Earnings Report?

NEW YORK and LOS ANGELES , Sept. 3, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Executive Chair and Chief Executive Officer Lachlan Murdoch will participate in the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, at approximately 10:50am (Pacific), 1:50pm (Eastern).

Fox Corporation Executive Chair and Chief Executive Officer Lachlan Murdoch to Participate in Upcoming Goldman Sachs Communacopia & Technology Conference

Fox Corp. (FOXA, Financial) is known for its diverse portfolio of news, sports and entertainment content. With a strong presence in the U.S. market, the legacy company continues to shape the media landscape through its flagship networks like Fox News, Fox Sports and Fox Broadcasting Company.

Fox Is Making Strategic Moves Amid Changing Times

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This week, 15 companies, including Dividend King Stanley Black & Decker, are set to increase dividends, with SWK extending its 57-year streak by 1.2%. My strategy focuses on buying, holding, and adding companies that consistently increase dividends and outperform benchmarks, using SCHD as a performance gauge. The list of dividend increases is curated by merging data from the "U.S. Dividend Champions" spreadsheet and NASDAQ, emphasizing companies with at least five years of dividend growth.

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Venu Sports, a streaming joint venture from three media giants, just had a big setback. A judge ruled that Venu can't launch in late August, as originally planned.

News for Twenty-First Century Fox Stock (FOXA)