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

Sony

The top shows in streaming may surprise you.

Original Shows Aren't Everything in Streaming. Here's What Really Matters

After a 31% appreciation in stock price since November, is the company overvalued now? Tubi's increase in popularity may become a decent revenue generator in the future.

Fox Corporation: DCF Analysis Reveals Significant Margin Of Safety

I've written about Fox a few times in the past, calling it an undervalued communications business. The company has plenty of upside both in its fundamentals and its potential growth. There are some concerns on the dynamics side of things, but these shouldn't hinder the thesis.

Fox: There's Still Upside In This Great Communications Company

The ad-supported streaming service is in the exact right place at the exact right time.

Tubi's Just Getting Started. Should You Buy Fox Stock Now?

Tubi Sees 44% Growth in Total Viewing Time, Surpasses 5 Billion Streaming Hours in 2022 and Reaches 64 Million Monthly Active Users DOWNLOAD THE FULL REPORT HERE SAN FRANCISCO , Feb. 14, 2023 /PRNewswire/ -- Tubi ( www.tubi.tv ), Fox Corporation's (NASDAQ: FOXA) (NASDAQ: FOX) ad-supported video-on-demand service, today released findings from The Stream 2023: Actionable Audience Insights for Brands, its annual audience report providing insights that help shape streaming and TV marketing strategies. Tubi's new research highlights the explosive growth in Connected TV (CTV) ad spend, while ad-supported video on demand (AVOD) services lead the streaming pack as consumers look to cut subscription costs in the year ahead.

TUBI RELEASES NEW FINDINGS ON STREAMING TV TRENDS IN ITS ANNUAL REPORT, THE STREAM 2023: ACTIONABLE AUDIENCE INSIGHTS FOR BRANDS

We're talking 25% growth in ad revenue despite an uncertain macroeconomic environment.

This Fox-Owned Gem Is Seeing Huge Growth

FotografieLink/iStock via Getty Images Listen on the go! Subscribe to Wall Street Breakfast on Apple Podcasts and Spotify Catalyst watch for the week of February 12.

Catalyst Watch: CPI, Applied Materials, Super Bowl On Fox (Podcast)

Fox said its advertising revenue rose about 4% in the fiscal second quarter, driven by World Cup, NFL, political advertising, and ad-supported streaming service Tubi.

Fox quarterly revenue up 4% as earnings are boosted by World Cup, NFL

Start Time: 08:30 January 1, 0000 9:12 AM ET Fox Corporation (NASDAQ:FOX ) Q2 2023 Earnings Conference Call February 08, 2023, 08:30 AM ET Company Participants Lachlan Murdoch - Executive Chair and CEO John Nallen - COO Steve Tomsic - CFO Gabrielle Brown - Chief IRO Conference Call Participants Robert Fishman - MoffettNathanson Jessica Reif Ehrlich - Bank of America Securities Phil Cusick - JPMorgan Ben Swinburne - Morgan Stanley Doug Mitchelson - Credit Suisse John Hodulik - UBS Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation Second Quarter Fiscal Year 2023 Earnings Conference Call.

Fox Corporation (FOX) Q2 2023 Earnings Call Transcript

Chief Executive Officer Lachlan Murdoch said the results were aided by "a compelling fall sports schedule, combined with an active midterm political news cycle."

Fox beats Q2 estimates as World Cup powers earnings

Fox's (FOXA) second-quarter fiscal 2023 results reflect strength in Television segment supported by steady advertising demand.

Fox (FOXA) Q2 Earnings Beat Estimates, Revenues Increase Y/Y

Fox (FOXA) delivered earnings and revenue surprises of 4.35% and 1.16%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Fox (FOXA) Surpasses Q2 Earnings and Revenue Estimates

Fox said advertising tied to the World Cup, the NFL and the midterm elections drove the company's fiscal second quarter earnings.

Fox projects record Super Bowl ad revenue after World Cup, NFL boosted results

Higher political advertising and growth of streaming service Tubi also boosted the company's top line.

Fox Quarterly Revenue Rises 4%, Boosted by World Cup, NFL

Fox Corp. matched Wall Street expectations for its fiscal second quarter, powered by NFL football in the U.S. and football at the World Cup. The company reported total revenue in the quarter ending December 31 of $4.61 billion, up 4% from the year-earlier period, and earnings of 48 cents a share.

Fox Corp. Ad Revenue Climbs 4% In A Tough Quarter, Boosted By NFL And World Cup

DECLARES $0.25 SEMI-ANNUAL DIVIDEND AND ANNOUNCES INCREMENTAL $3 BILLION STOCK REPURCHASE AUTHORIZATION INCLUDING $1 BILLION ACCELERATED SHARE REPURCHASE TRANSACTION NEW YORK , Feb. 8, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the "Company") today reported financial results for the three months ended December 31, 2022. The Company reported total quarterly revenues of $4.61 billion, a 4% increase from the $4.44 billion reported in the prior year quarter.

FOX REPORTS SECOND QUARTER FISCAL 2023 REVENUES OF $4.61 BILLION

Company Partners with Pat Tillman Veterans Center, Purple Heart Homes and Boys & Girls Clubs of the Valley to Create Lasting Positive Impact in Arizona Communities NEW YORK and LOS ANGELES , Feb. 7, 2023 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (Nasdaq: FOX, FOXA) today announced charitable commitments totaling over $300,000, in conjunction with its ongoing FOX Forward and FOX Sports Supports corporate social responsibility initiatives, to create a lasting, positive impact in Arizona, the host community of Super Bowl LVII, airing on FOX (Sunday, Feb. 12 at 6:30 p.m. ET). These include a commitment to the Pat Tillman Veterans Center (PTVC) to provide scholarship funding and resources for student veterans, as well as the Boys & Girls Clubs of the Valley to enhance their career development and training programs and Purple Heart Homes through FOX Sports' Gamechanger Fund.

FOX CORPORATION AND FOX SPORTS ANNOUNCE SUPER BOWL LVII COMMUNITY INITIATIVES

CVS Health

Uber

In late morning trading Monday, the Dow Jones industrials was 0.21% lower, while the S&P 500 was down 0.45% and the Nasdaq down 0.59%.

Earnings Previews: CVS Health, Fox, Uber

Fox's (FOXA) Fox Business Network leads over its competitor CNBC in business day viewers for 10 consecutive months.

Fox's (FOXA) Business Network Outpaces Competitor Once Again

"Westworld," "Raised by Wolves," "Legendary," "FBoy Island," "The Nevers," "Finding Magic Mike," "Head of the Class," and "The Time Traveler's Wife" Will Be Available via Three Brand New FAST Channels Curated by Tubi  11 Additional Genre-Focused FAST Channels Will Also Launch Featuring Popular Titles Including "Cake Boss," "My Cat from Hell," "Breaking Amish," "Caribbean Life," "How It's Made," "Paranormal Lockdown," "Murder Chose Me," "Mysteries at the Museum," "A Wedding Story," and "My Five Wives," Also Available On-Demand Additional AVOD and FAST Channel Content Will Include Beloved Films such as "The Astronaut's Wife," "For Your Consideration," and "Lord of the Flies," as well as Hit Series Including "Third Watch," "Eight is Enough," "La Femme Nikita," and "Jericho" SAN FRANCISCO , Jan. 31, 2023 /PRNewswire/ -- Tubi (www.tubi.tv) today announced it has signed a content deal with Warner Bros. Discovery that will add 14 WB branded FAST channels and over 225 AVOD titles totaling over 2,000 hours to the platform.

TUBI SIGNS CONTENT DEAL WITH WARNER BROS. DISCOVERY ADDING 14 WB BRANDED FAST CHANNELS AND 225+ AVOD TITLES TOTALING OVER 2,000 HOURS

Boeing

Disney

McDonald's

MarketAxess Holdings

Microsoft

News Corp

Walgreens

U.S. stocks started the trading day on Wednesday, Jan. 25, with steep declines, but market indexes recovered toward the end the day.

US Markets Recover from Big Losses and End Flat

NEW YORK and LOS ANGELES , Jan. 25, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA), (Nasdaq: FOX) will discuss second quarter fiscal 2023 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m.

Fox Corporation Executives to Discuss Second Quarter Fiscal 2023 Financial Results Via Webcast

News Corporation (NASDAQ: NWSA ) stock is in the news Wednesday after a merger plan between it and Fox Corporation (NASDAQ: FOXA , FOX ) was terminated. Lachlan Murdoch, the executive chairman and CEO of Fox Corporation, is the one that announced the end of the merger with News Corporation.

NWSA Stock Alert: What to Know as Rupert Murdoch Abandons Merger Plans

A proposed reunion of two parts of Rupert Murdoch's empire has been abandoned by the media tycoon.

Murdoch abandons bid to reunite News Corp and Fox Corp

NEW YORK--( BUSINESS WIRE )--Irenic Capital Management, L.P. (together with its affiliates, “Irenic” or “we”), which is the holder of approximately 2.6% of the class B voting shares of News Corporation (“News Corp” or the “Company”) (NASDAQ: NWSA, NWS), today commented on the Company's announcement that its Board of Directors (the “Board”) received a letter from K. Rupert Murdoch that withdrew the proposal to explore a potential combination of News Corp and Fox Corporation (“Fox”) (NASDAQ: FOXA, FOX).

News for Twenty-First Century Fox Stock (FOXA)