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

Fox Corp (NASDAQ:FOXA) will introduce a free streaming service, Tubi, in the UK to rival Netflix and Disney, marking its first entry into Britain's ad-supported digital TV market, reports the Financial Times. Tubi, which will offer over 20,000 movies and TV episodes, including titles like "Billy Elliot" and "Pacific Rim," will launch in the coming weeks, the paper said.

Fox to roll out free streaming platform Tubi in the UK

The US and Canada's Most Watched Free TV and Movie Streaming Service Launches in the UK with Market-Leading Content Library of over 20,000 Movies and TV Episodes LONDON , July 1, 2024 /PRNewswire/ -- Tubi ( www.tubi.tv ), Fox Corporation's (NASDAQ: FOXA, FOX) ad-supported streaming service, today announced its launch in the UK. Tubi has built exciting momentum in North America by engaging viewers with a free, personalized streaming service that offers an extensive library of blockbuster movies, popular TV series, and exclusive Tubi Originals.

TUBI ENTERS THE UK STREAMING LANDSCAPE WITH A FREE, DIVERSE AND MASSIVE COLLECTION OF MOVIES AND TV

Textron

Given its better valuation and prospects, we believe Fox Corporation stock (NASDAQ: FOXA), a company formed as the portion of 21st Century Fox not acquired by Disney in 2019, is a better pick than Textron stock (NYSE: TXT). The decision to invest often comes down to finding the best stocks within the scope of certain characteristics that suit an investment style.

With 15% Gains This Year Is Fox Corp. A Better Pick Over Textron Stock?

Fox Corp (NASDAQ:FOXA) is well positioned to accelerate its earnings in fiscal 2025, say analysts at Bank of America who have reiterated their ‘Buy' rating on the stock. Ahead of the media and entertainment company's fourth quarter fiscal 2024 earnings report, the analysts wrote in a note to clients that they see Fox benefitting from an improving advertising backdrop and a healthy balance sheet.

Fox poised for earnings acceleration amid improving advertising trends

Comcast

Disney

Several media stocks were sized up by an analyst as the sector saw ongoing changes from cord-cutting and the growth of streaming platforms.

Disney, Comcast, Fox Get Top Ratings Among Media Conglomerates Thanks To Sports Rights, Streaming Strength: Analyst Prefers 'Deep Competitive Moats'

Fox (FOXA) is deepening its partnership with global ad tech leader The Trade Desk to bring cutting-edge advertising capabilities to marketers.

Fox (FOXA) and The Trade Desk Strengthen Ad Tech Partnership

Partnership Anchored Around Premium Content and Open Internet Industry Collaboration Expanded Integration of Unified ID 2.0 and OpenPath Through AdRise Commitment to Work Together Around Identity and CTV Authentication NEW YORK and LOS ANGELES , June 19, 2024 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) and global advertising technology leader The Trade Desk (NASDAQ: TTD) today announced their newly expanded partnership to bring best-in-class innovation to advertisers to help them reach their audiences and measure campaign performance to meet their business objectives.  "The commitment to the deepening of our relationship with The Trade Desk highlights our belief in their vision for premium content and a more open Internet.

FOX AND THE TRADE DESK ANNOUNCE EXTENSIVE ADVERTISING INTEGRATIONS ACROSS FOX PORTFOLIO

Verify Beta to Upgrade to a Dedicated Zero-Knowledge Blockchain Built with Polygon CDK NEW YORK , June 18, 2024 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced the next phase of development for its open-source protocol for content verification and licensing, Verify. FOX shared that global media brand TIME has come on board as its first external publishing partner, utilizing the Verify protocol as a principal piece of its content licensing and content verification strategy.

FOX Announces TIME as its First Publishing Partner on Verify Protocol

NEW YORK--(BUSINESS WIRE)--Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company”) today announced that through its newly expanded partnership with FreeWheel, a global technology platform for the television advertising industry, it will expand its dynamic ad insertion capabilities and rollout new co-developed targeting technology. FreeWheel will also become FOX's primary ad serving partner across the entire One FOX enterprise. FreeWheel's technology will now power FOX's ability to offer dyn.

Fox Corporation and FreeWheel Announce Expanded Partnership to Introduce Dynamic Ad Insertion for College Football on FOX and Proprietary AdRise Integration

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

Why Is Fox (FOXA) Up 3.1% Since Last Earnings Report?

Fox (FOXA) Nation is expanding its content offering with a new series called Strike Zone: The Congressional Baseball Shooting, which indicates bright near-term prospects.

Fox (FOXA) Nation's Expanding Content Suggests Bright Prospects

Warner Bros Discovery Inc

LOS ANGELES — The sports streaming platform planned by ESPN, Fox and Warner Bros. Discovery finally has a name.

Joint streaming venture involving ESPN, Fox, Warner will be called Venu Sports

The sports-streaming service set to be launched by Walt Disney Co , Warner Bros Discovery and Fox Corp will be called Venu Sports and is on track for launch this fall, Pete Distad, the venture's CEO, said on Thursday.

Disney, Fox, Warner Bros Discovery sports-streaming venture named Venu Sports

The sports streaming joint venture from Disney, Fox and Warner Bros. Discovery has a name: Venu Sports. The company's name and logo were announced this morning by CEO Pete Distad. The service expects to launch this fall in the U.S.

Disney-Fox-WBD Streaming Joint Venture Gets A Name: Venu Sports

NEW YORK and LOS ANGELES , May 9, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Chief Financial Officer Steve Tomsic will participate in MoffettNathanson's Media, Internet & Communications Conference 2024 on May 15, at approximately 10:00am (Eastern), 7:00am (Pacific). A live and archived webcast of the presentation will be available at investor.foxcorporation.com.

Fox Corporation Chief Financial Officer Steve Tomsic to Participate in MoffettNathanson's Media, Internet & Communications Conference 2024

Fox's (FOXA) fiscal Q3 results reflect a slump in ad revenues stemming from the absence of the prior year's broadcast of Super Bowl LVII and fewer NFL games on FOX Sports.

Fox (FOXA) Q3 Earnings Beat Estimates, Ad Revenues Decline

Fox Corporation (NASDAQ:FOX ) Q3 2024 Results Conference Call May 8, 2024 8:30 AM ET Company Participants Gabrielle Brown - Chief IRO Lachlan Murdoch - Executive Chair & CEO Steve Tomsic - CFO Conference Call Participants John Hodulik - UBS Robert Fishman - MoffettNathanson Ben Swinburne - Morgan Stanley Jessica Reif Ehrlich - Bank of America Securities Michael Morris - Guggenheim Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation Third Quarter Fiscal Year 2024 Earnings Conference Call.

Fox Corporation (FOX) Q3 2024 Earnings Call Transcript

Fox Corp beat Wall Street estimates for third-quarter profit on Wednesday, due to lower expenses, even as its revenue tumbled more than 15% on weakness in its advertising business.

Fox profit beats estimates as lower costs help offset ad revenue weakness

The headline numbers for Fox (FOXA) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Compared to Estimates, Fox (FOXA) Q3 Earnings: A Look at Key Metrics

Fox CEO Lachlan Murdoch said the upcoming sports streaming venture with Disney/ESPN and Warner Bros. Discovery is forging ahead with over 150 engineers now on board dedicated “to building a unique and innovative product” for sports fans outside the traditional cable bundle.

Fox Chief Lachlan Murdoch Coy On Name Of New Sports Streaming JV But Says It Looks Great And “We Can't Wait To Launch It This Fall”

NEW YORK , May 8, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended March 31, 2024. The Company reported total quarterly revenues of $3.45 billion as compared to the $4.08 billion reported in the prior year quarter.

FOX REPORTS THIRD QUARTER FISCAL 2024 REVENUES OF $3.45 BILLION, NET INCOME OF $704 MILLION, AND ADJUSTED EBITDA OF $891 MILLION

Fox's (FOXA) third-quarter fiscal 2024 results are likely to reflect softness in advertising revenues in the Cable Network Programming segment, offset by strength in digital business expansion.

Fox (FOXA) to Report Q3 Earnings: What's in the Offing?

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 March 2024.

Stay Ahead of the Game With Fox (FOXA) Q3 Earnings: Wall Street's Insights on Key Metrics

Fox (FOXA) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Will Fox (FOXA) Beat Estimates Again in Its Next Earnings Report?

U.S. lawmakers Jerry Nadler and Joaquin Castro on Tuesday raised competition concerns over the sports streaming joint venture planned by Walt Disney , Fox and Warner Bros Discovery.

News for Twenty-First Century Fox Stock (FOXA)