v3.25.2
Segment Information (Tables)
 12 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated
The tables below present summarized financial information for each of the Company’s reportable segments and Corporate and Other.
For the years ended June 30,
202520242023
(in millions)
Revenues
Cable Network Programming$6,930 $5,955 $6,043 
Television9,325 7,875 8,710 
Corporate and Other244 209 217 
Eliminations(199)(59)(57)
Total revenues$16,300 $13,980 $14,913 
Segment EBITDA
Cable Network Programming$3,030 $2,693 $2,472 
Television945 506 1,009 
Corporate and Other(351)(316)(290)
Amortization of cable distribution investments(10)(16)(16)
Depreciation and amortization(385)(389)(411)
Restructuring, impairment and other corporate matters(350)(67)(1,182)
Equity (losses) earnings of affiliates(29)(44)4 
Interest expense, net(227)(216)(218)
Non-operating other, net
438 (47)368 
Income before income tax expense3,061 2,104 1,736 
Income tax expense(768)(550)(483)
Net income2,293 1,554 1,253 
Less: Net income attributable to noncontrolling interests(30)(53)(14)
Net income attributable to Fox Corporation stockholders$2,263 $1,501 $1,239 
For the years ended June 30,
202520242023
(in millions)
Reconciliation of Revenues to Segment EBITDA
Cable Network Programming
Revenues$6,930 $5,955 $6,043 
Operating expenses(3,275)(2,668)(2,927)
Selling, general and administrative(635)(610)(660)
Amortization of cable distribution investments10 16 16 
Segment EBITDA$3,030 $2,693 $2,472 
Television
Revenues$9,325 $7,875 $8,710 
Operating expenses(7,308)(6,372)(6,704)
Selling, general and administrative(1,072)(997)(997)
Segment EBITDA$945 $506 $1,009 
Schedule of Summary of Revenues by Segment by Component to Consolidated
For the years ended June 30,
202520242023
(in millions)
Revenues by Segment by Component
Cable Network Programming
Affiliate fee$4,316 $4,188 $4,175 
Advertising1,531 1,262 1,403 
Other1,083 505 465 
Total Cable Network Programming revenues6,930 5,955 6,043 
Television
Advertising5,334 4,182 5,204 
Affiliate fee3,340 3,136 2,876 
Other651 557 630 
Total Television revenues9,325 7,875 8,710 
Corporate and Other244 209 217 
Eliminations(199)(59)(57)
Total revenues$16,300 $13,980 $14,913 
Schedule of Reconciliation of Depreciation and Amortization from Segments to Consolidated and Reconciliation of Capital Expenditures from Segments to Consolidated
For the years ended June 30,
202520242023
(in millions)
Depreciation and amortization
Cable Network Programming$94 $77 $71 
Television119 117 126 
Corporate and Other172 195 214 
Total depreciation and amortization$385 $389 $411 
For the years ended June 30,
202520242023
(in millions)
Capital expenditures
Cable Network Programming$127 $161 $66 
Television82 76 96 
Corporate and Other122 108 195 
Total capital expenditures$331 $345 $357 
Schedule of Reconciliation of Assets from Segments to Consolidated
As of June 30,
20252024
(in millions)
Assets
Cable Network Programming$2,895 $2,792 
Television7,924 7,961 
Corporate and Other10,755 10,090 
Investments1,621 1,129 
Total assets$23,195 $21,972 
Schedule of Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated
 
As of June 30,
 20252024
 (in millions)
Goodwill and intangible assets, net
Cable Network Programming$1,290 $1,288 
Television4,636 4,605 
Corporate and Other682 689 
Total goodwill and intangible assets, net$6,608 $6,582