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

Produced by VICE News, the first documentary, THE CULT OF ELON, will follow the evolution of Elon Musk and the second documentary, VIGILANTE, INC., will take a deep dive into the rise of online vigilantism THE CULT OF ELON is set to premiere on April 24th and VIGILANTE, INC.

TUBI PARTNERS WITH VICE ON EXCLUSIVE CONTENT DEAL TO DEBUT A SLATE OF ALL NEW TUBI ORIGINAL DOCUMENTARIES

The defamation lawsuit between Fox and Dominion looks to be moving forward to a trial in April as a Delaware judge rejects all of Fox's motions.

Judge rejects Fox motions, allows Dominion's $1.6 billion defamation suit to go to trial

Fox Corporation (FOXA) owned Fox News Channel ends the first quarter of 2023 in first place while top cable news networks see a year-over-year decline in viewership in the opening quarter of 2023.

FOX (FOXA) News Tops Q1 Ratings Despite Drop in Audiences Y/Y

Fox (FOXA) is set to rebrand its smart sports talk show OutKick 360 by renaming it to Outkick Hot Mic with Hutton and Withrow.

Fox (FOXA) Rebrands Sports Show OutKick 360 With a New Name

NEW YORK , March 27, 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.

INVESTOR NEWS: ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Fox Corporation Investors to Inquire About Class Action Investigation - FOX, FOXA

Fox's sports and news programming are some of cable TV's biggest draws. Fox's unique entry in the streaming space is growing rapidly and could double its current annual revenue within the next five years.

Buy Fox for Its TV Reach. Hold It for Tubi's Growth.

New Integrations with VideoAmp's Planning Tool, LiveRamp TV Activation and Comscore Audience Measurement, Plus Introduction of Pause Ads – Allow Brands to Tap into Tubi's Unique and Growing Audience NEW YORK , March 23, 2023 /PRNewswire/ -- Tubi (www.tubi.tv), Fox Corporation's (NASDAQ: FOXA, FOX) ad-supported video-on-demand service, today announced new first-to-market planning tools and partnerships at Tubi Connect, an event in New York City bringing together advertisers to take a deep dive into how Tubi is connecting diverse stories, brands and data with the right audiences. The new integrations enable brands to capitalize on Tubi's rapidly growing and highly engaged audience through more informed planning decisions, identity solutions and flexible currency options ahead of Upfront season.

TUBI ANNOUNCES FIRST-TO-MARKET PLANNING INTEGRATIONS AND PARTNERSHIPS AT TUBI CONNECT

Fox News and Dominion Voting Systems met in court as part of the $1.6 billion defamation lawsuit, weeks ahead of the trial is set to begin.

Fox, Dominion urge judge to rule in $1.6 billion defamation suit ahead of April trial

NEW YORK , March 20, 2023 /PRNewswire/ --   WHY: New York, N.Y., March 20, 2023.

EQUITY ALERT: ROSEN, TRUSTED INVESTOR COUNSEL, Encourages Fox Corporation Investors with Losses to Inquire About Class Action Investigation - FOX, FOXA

Generating an Expected $1.5 Billion in Direct Local Economic Impact, the FOX FUTURE Studio Lot Project Proposes Nine New Sound Stages, Modern Production Facilities and Premium Commercial Office Space while Honoring the Legacy of the Iconic Property NEW YORK and LOS ANGELES , March 16, 2023 /PRNewswire/ -- Nearly 100 years since filming began on the FOX Studio Lot, Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") has announced the creation of the FOX FUTURE Studio Lot Project, which seeks to build the studio of the future amid the continued evolution of Century City. Born out of the FOX studio backlot, Century City was designed in 1957 to be the intersection of creativity, business, and entertainment production in Los Angeles, and FOX FUTURE expands on that legacy.

FOX CORPORATION UNVEILS "FOX FUTURE" STUDIO LOT PROJECT

SAN FRANCISCO , March 16, 2023 /PRNewswire/ -- Tubi ( www.tubi.tv ), Fox Corporation's (NASDAQ: FOXA) (NASDAQ: FOX) ad-supported video-on-demand service, announced it has made its debut on the February edition of Nielsen's The Gauge Total TV and Streaming Snapshot. According to The Gauge, which tracks monthly TV and streaming usage in the U.S., Tubi has reached 1% of total TV viewing minutes in February 2023, making it the most watched FAST (free ad supported television) service in the U.S. "Reaching 1% of total viewing minutes is a huge milestone for us because it validates we are driving massive viewership and our data-informed personalization and recommendations get the right content in front of the right people," said Mark Rotblat, Chief Revenue Officer at Tubi.

TUBI MAKES DEBUT ON NIELSEN'S THE GAUGE AS IT REACHES 1% TOTAL VIEWING MINUTES

Taking Place in New York City in March, Programming Slate to Feature Conversations with Tubi's Executives, Brand Partners, and Talent Including Bryian Keith Montgomery Jr., Writer and Director of the Upcoming Tubi Original "Cinnamon" SAN FRANCISCO , March 15, 2023 /PRNewswire/ -- Tubi ( www.tubi.tv ), Fox Corporation's (NASDAQ: FOXA, FOX) ad-supported video-on-demand service, today announced that it will host its first-ever conference for advertisers, Tubi Connect. Taking place on Thursday, March 23rd at Spring Studios in Manhattan, the event will bring together advertisers for a half-day of programming that will take a deep dive into how Tubi is connecting diverse stories, brands, and data with the right audiences and delivering brand impact at scale.

TUBI ANNOUNCES CONFERENCE FOR ADVERTISERS, TUBI CONNECT, AHEAD OF UPFRONTS

Dominion Voting Systems and Fox each released hundreds of documents on Tuesday revealing findings from the $1.6 billion discovery process

Rupert Murdoch suggested Fox News hosts 'went too far' regarding election fraud claims

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?

News for Twenty-First Century Fox Stock (FOXA)