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.

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SG&A

Other

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EBITDA

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Net PPE

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Minority interest

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Total debt

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Book value per share

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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 Corporation (NASDAQ:FOX ) Q4 2023 Earnings Conference Call August 8, 2023 8:30 AM ET Company Participants Gabrielle Brown - Chief Investor Relations Officer Lachlan Murdoch - Executive Chair & Chief Executive Officer Steve Tomsic - Chief Financial Officer Conference Call Participants Phil Cusick - JPMorgan Jessica Reif - Bank of America John Hodulik - UBS Ben Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson Operator Ladies and gentlemen, thank you for standing by. Welcome to the FOX Corporation Fourth Quarter Fiscal Year 2023 Earnings Conference Call.

Fox Corporation (FOX) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Fox (FOXA) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Fox (FOXA) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Fox (FOXA) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.74 per share a year ago.

Fox (FOXA) Tops Q4 Earnings and Revenue Estimates

Fox Corp. revenue stayed flat in the quarter ending June 30 compared with the year-earlier period, but it matched Wall Street analysts' consensus estimate as earnings beat expectations.

Fox Corp. Hits Quarterly Target Despite Advertising Dip

Broadcaster Fox Corp posted fourth-quarter revenue in-line with Wall Street estimates, as the broadcaster benefited from an industry-wide uptick in advertising.

Fox posts fourth-quarter revenue in-line with estimates

FOX REPORTS FULL YEAR FISCAL 2023  REVENUES OF $14.91 BILLION NET INCOME OF $1.25 BILLION, AND ADJUSTED EBITDA OF $3.19 BILLION NEW YORK , Aug. 8, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months and twelve months ended June 30, 2023.  Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said:  "Fiscal 2023 showcased the very best of FOX's portfolio while achieving record annual revenue and EBITDA.

FOX REPORTS FOURTH QUARTER FISCAL 2023 REVENUES OF $3.03 BILLION, NET INCOME OF $369 MILLION, AND ADJUSTED EBITDA OF $735 MILLION

LOS ANGELES  and NEW YORK , July 31, 2023 /PRNewswire/ -- Flutter Entertainment plc ("Flutter") (London Stock Exchange/Euronext Dublin: FLTR) and Fox Corporation ("FOX") (Nasdaq: FOX, FOXA), announce today the decision to close sports betting platform FOX Bet. A phased closure of FOX Bet's operations will take place between July 31 and August 31, 2023.

Flutter Entertainment plc and Fox Corporation Announce Close of FOX Bet

NEW YORK and LOS ANGELES , July 25, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) will discuss fourth quarter and full year financial results for the 2023 fiscal year ended June 30, 2023, via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m.

Fox Corporation Executives to Discuss Fourth Quarter and Full Year Fiscal 2023 Financial Results Via Webcast

Nexstar Media Group

Mike Biard, a 23-year veteran of Fox Corp., has been appointed president and chief operating officer of Nexstar, the No. 1 owner of local TV stations in the U.S. and the parent of The CW and NewsNation.

Fox Corp. Vet Mike Biard Moves To Nexstar As President And COO; David Espinosa Named His Replacement As Distribution Chief

NEW YORK and LOS ANGELES , July 25, 2023 /PRNewswire/ -- John Nallen, Chief Operating Officer of Fox Corporation (Nasdaq: FOXA, FOX), today announced that David Espinosa has been appointed President of Distribution, Fox Corporation. He will succeed Mike Biard, who is stepping away after more than twenty years with FOX to accept a position outside of the Company.

FOX CORPORATION NAMES DAVID ESPINOSA PRESIDENT OF DISTRIBUTION

NEW YORK , July 22, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Fox Corporation (NASDAQ: FOX, FOXA) resulting from allegations that FOX may have issued materially misleading business information to the investing public. The prospective class includes those who purchased FOX call options and/or sold put options.

ROSEN, A RESPECTED AND LEADING FIRM, Encourages Fox Corporation Investors to Inquire About Securities Class Action Investigation - FOX, FOXA

Fox Corp on Monday named Anjali Sud, the former longtime head of video-sharing platform Vimeo, as the chief executive of its streaming service Tubi.

Fox names Vimeo's Anjali Sud as Tubi streaming service CEO

Tubi appointed Anjali Sud as its new CEO, the company announced Monday. Following her tenure as CEO at Vimeo, Sud will officially join the Fox-owned free ad-supported TV streaming (FAST) service on September 1.

Tubi appoints Vimeo's Anjali Sud as new CEO

Sud Joins as Tubi Becomes the Most Watched Free TV and MovieStreaming Service in the U.S. SAN FRANCISCO , July 17, 2023 /PRNewswire/ -- Tubi (www.tubi.tv), Fox Corporation's (NASDAQ: FOXA, FOX) free ad-supported streaming service, today announced the appointment of Anjali Sud as Chief Executive Officer for the company, effective September 1, 2023. Sud, who will report to Paul Cheesbrough, CEO of Tubi Media Group, joins as Tubi recently became the most watched free ad-supported TV streaming service in the U.S. "Anjali is a highly accomplished executive in the technology and media industry with a passion and track record for strategic disruption and authentic leadership," said Paul Cheesbrough, CEO of Tubi Media Group.

ANJALI SUD TO LEAD TUBI AS NEW CEO

Tubi has appointed former Vimeo chief Anjali Sud as CEO. Sud will assume her new role on September 1, reporting to Paul Cheesbrough, CEO of Tubi Media Group.

Tubi Names Former Vimeo Chief Anjali Sud CEO

NEW YORK , July 14, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Fox Corporation (NASDAQ: FOX, FOXA) resulting from allegations that FOX may have issued materially misleading business information to the investing public. The prospective class includes those who purchased FOX call options and/or sold put options.

ROSEN, A LEADING LAW FIRM, Encourages Fox Corporation Investors to Inquire About Securities Class Action Investigation - FOX, FOXA

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Here's Why Fox (FOXA) is a Strong Value Stock

NEW YORK and LOS ANGELES , July 11, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) ("FOX") today announced it has been recognized as a top-scoring company by the Disability Equality Index (DEI) for the fourth consecutive year. FOX is among the Fortune 1000 companies to receive the "Best Places to Work for Disability Inclusion" achievement, which was created by the DEI Advisory Committee, a diverse group of business leaders, policy experts and disability advocates.

Fox Corporation Recognized as "Best Places to Work for Disability Inclusion" by the Disability Equality Index for Fourth Consecutive Year

NEW YORK , July 3, 2023 /PRNewswire/ -- WHY: Rosen Law Firm, a global investor rights law firm, continues its investigation of potential securities claims on behalf of shareholders of Fox Corporation (NASDAQ: FOX, FOXA) resulting from allegations that FOX may have issued materially misleading business information to the investing public. The prospective class includes those who purchased FOX call options and/or sold put options.

ROSEN, A TOP RANKED FIRM, Encourages Fox Corporation Investors With Losses to Inquire About Securities Class Action Investigation - FOX, FOXA

LOS ANGELES, CA / ACCESSWIRE / July 3, 2023 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors in Fox Corporation ("Fox" or "the Company") (NASDAQ:FOX)(NASDAQ:FOXA) for potential breaches of fiduciary duty on the part of its directors and management. If you are a shareholder, click here to participate.

SHAREHOLDER ACTION NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Fox Corporation and Encourages Investors with Losses to Contact the Firm

NEW YORK (AP) — Fox News will pay one of its former producers $12 million to settle her claims that she faced a discriminatory workplace and that the network coerced her into giving false or misleading testimony in Dominion Inc.'s defamation lawsuit, her lawyer said Friday.

Fox News said to have settled with Tucker Carlson producer for $12 million

Former producer Abby Grossberg had alleged a toxic workplace at Fox News.

Fox Settles Litigation With Former Producer for $12 Million

Fox News agreed to pay $12 million to settle with ex-producer Abby Grossberg, who alleged network coerced her into giving misleading testimony on Dominion.

Fox News to pay $12 million to settle fired producer Abby Grossberg's lawsuit

Fox Corp has settled for $12 million a lawsuit by former Fox News producer Abby Grossberg, who had made claims of gender discrimination and accused the network's lawyers of pressuring her to make misleading statements in the Dominion Voting Systems case, her lawyer Tanvir Rahman said on Friday.

Fox settles lawsuit with fired former producer Grossberg for $12 million

Fox Corp FOX FOXA on Monday announced a shift in its primetime Fox News lineup, following the departure of Tucker Carlson, the former top-rated cable TV host, from the network on April 21, who now hosts his own show on Elon Musk's Twitter.

News for Twenty-First Century Fox Stock (FOXA)