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

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?

Disney

Warner Bros Discovery Inc

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.

Two US lawmakers raise concerns over Disney, Fox, Warner sports streaming venture

NEW YORK and LOS ANGELES , April 11, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) will discuss third quarter fiscal 2024 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m.

Fox Corporation Executives to Discuss Third Quarter Fiscal 2024 Financial Results Via Webcast

Netflix

Investors interested in Broadcast Radio and Television stocks are likely familiar with Fox (FOXA) and Netflix (NFLX). But which of these two stocks presents investors with the better value opportunity right now?

FOXA vs. NFLX: Which Stock Should Value Investors Buy Now?

CNBC's Jim Cramer on Thursday updated his ranking of major media stocks.

Jim Cramer updates his media stock ranking and puts Fox over Disney

NEW YORK and LOS ANGELES , April 3, 2024 /PRNewswire/ --  FOX Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced the launch of its expanded audience network and ad tech platform, AdRise. Acquired as part of the Tubi deal in 2020, AdRise is an advanced, integrated technology platform for CTV and linear inventory that has evolved into an enterprise-wide platform for FOX.

FOX Unveils Evolved AdRise Platform to Power OneFOX Audience Network

NEW YORK--(BUSINESS WIRE)--FOX News Channel (FNC) finished the first quarter of 2024 as cable's most-watched network in total day and primetime, dominating primetime viewers in cable news for 89 consecutive quarters, according to Nielsen Media Research. FNC notched its highest-rated quarter since 1Q'23 among all categories and beat CNN and MSNBC combined with total day and primetime. During the first quarter of 2024, FNC delivered 95 of the top 100 telecasts in cable news for the entire quarter.

FOX News Channel Crushes CNN and MSNBC Combined in Total Day and Primetime Viewers for First Quarter of 2024

Fox Corp on Wednesday announced its entertainment studio will be restructured across three key business segments - entertainment, television and streaming platforms, and worldwide sales and licensing.

Fox Entertainment undergoes restructuring, leadership shake-up

Pete Distad will run the yet-to be named new venture, which is expected to debut in the fall.

Former Apple exec to lead new sports-streaming service from ESPN, Fox, Warner Bros. Discovery

Former Apple executive Pete Distad will be the CEO of the sports streaming joint venture formed by Walt Disney , Warner Bros Discovery and Fox Corp , the media companies said on Friday.

Former Apple exec to head sports venture formed by Disney, Fox, Warner Bros Discovery

Pete Distad will oversee a company that would pool live-sports programming from ESPN, Fox and Warner Bros. Discovery.

Former Apple Executive Tapped as CEO of New Sports-Streaming Venture

Fox (FOXA) Nation extends its distribution to EcoStar's DISH Network and SLING TV.

Fox (FOXA) Nation Extends Distribution to DISH Network, SLING TV

Fox Corp. COO John Nallen says the company is “much more focused on growing the business than we are on selling the business” despite accelerating pay-TV declines and other challenges.

Fox Corp.'s John Nallen Says Selling Assets “Hasn't Crossed Our Minds” Despite Pay-TV Declines: “We're Much More Focused On Growing”

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

Why Is Fox (FOXA) Down 0.4% Since Last Earnings Report?

In February, ESPN, Fox, and Warner Bros. announced plans to launch a sports streaming platform.

Does the ESPN, Fox, and Warner Bros. Joint Venture Mean Game Over for This Struggling Streaming Stock?

Fox, ESPN and Warner Bros. Discovery's sports streaming platform is expecting to rake in 5 million subscribers within its first five years when the joint venture launches in fall 2024.

Fox, Disney, Warner Bros. Discovery sports bundle expects 5M subscribers in five years

The sports streaming venture formed by Walt Disney , Warner Bros Discovery and Fox Corp expects to have 5 million subscribers in its first five years, Fox CEO Lachlan Murdoch said on Monday.

Fox, Disney, Warner Bros Discovery sports venture expects 5 mln subscribers in five years

The forthcoming sports streaming venture backed by Disney, Fox Corp. and Warner Bros. Discovery will reach 5 million subscribers in its first five years, according to a projection shared Monday by Fox CEO Lachlan Murdoch.

Fox Expects Sports Streaming Venture With Disney And WBD To Hit 5M Subscribers In 5 Years, Lachlan Murdoch Says

NEW YORK and LOS ANGELES , March 4, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Chief Operating Officer John Nallen will participate in Deutsche Bank's 32nd Annual Media, Internet & Telecom Conference on Monday, March 11, at approximately, 9:40am (Eastern) / 6:40am (Pacific). A live and archived webcast of the presentation will be available at investor.foxcorporation.com.

Fox Corporation Chief Operating Officer John Nallen to Participate in Upcoming Deutsche Bank's 32nd Annual Media, Internet & Telecom Conference

FuboTV

FuboTV Inc. CEO David Gandler has slammed Walt Disney Co., Fox Corp. and Warner Bros. Discovery Inc. amid the sports-first TV-streaming company's lawsuit against its rivals.

News for Twenty-First Century Fox Stock (FOXA)