v3.25.3
Segment Information (Tables)
 3 Months Ended
Sep. 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 three months ended September 30,
 20252024
 (in millions)
Revenues  
Cable Network Programming$1,662 $1,597 
Television2,050 1,953 
Corporate and Other89 65 
Eliminations(63)(51)
Total revenues$3,738 $3,564 
Segment EBITDA
Cable Network Programming$800 $748 
Television399 372 
Corporate and Other(134)(72)
Amortization of cable distribution investments— (4)
Depreciation and amortization(98)(91)
Restructuring, impairment and other corporate matters8 (26)
Equity (losses) earnings of affiliates(1)3 
Interest expense, net(50)(50)
Non-operating other, net(125)233 
Income before income tax expense799 1,113 
Income tax expense(190)(281)
Net income609 832 
Less: Net income attributable to noncontrolling interests(10)(5)
Net income attributable to Fox Corporation stockholders$599 $827 
For the three months ended September 30,
20252024
(in millions)
Reconciliation of Revenues to Segment EBITDA
Cable Network Programming
Revenues$1,662 $1,597 
Operating expenses(703)(702)
Selling, general and administrative(159)(151)
Amortization of cable distribution investments— 4 
Segment EBITDA$800 $748 
Television
Revenues$2,050 $1,953 
Operating expenses(1,385)(1,333)
Selling, general and administrative(266)(248)
Segment EBITDA$399 $372 
Schedule of Revenues by Segment by Component to Consolidated
 
For the three months ended September 30,
 20252024
 (in millions)
Revenues by Segment by Component
Cable Network Programming  
Distribution(a)
$1,090 $1,062 
Advertising345 321 
Content and other227 214 
Total Cable Network Programming revenues1,662 1,597 
Television
Advertising1,067 1,008 
Distribution(a)
821 806 
Content and other162 139 
Total Television revenues2,050 1,953 
Corporate and Other89 65 
Eliminations(63)(51)
Total revenues$3,738 $3,564 
(a)
The Company generates distribution revenue from agreements with MVPDs for cable network programming and retransmission fees for the broadcast of the Company’s owned and operated television stations and from subscription fees for the Company’s direct-to-consumer streaming services. In addition, the Company generates distribution revenue from agreements with independently owned television stations that are affiliated with the FOX Network.
Schedule of Reconciliation of Depreciation and Amortization from Segments to Consolidated
For the three months ended September 30,
20252024
(in millions)
Depreciation and amortization
Cable Network Programming$26 $20 
Television30 29 
Corporate and Other42 42 
Total depreciation and amortization$98 $91 
For the three months ended September 30,
20252024
(in millions)
Capital expenditures
Cable Network Programming$28 $23 
Television32 11 
Corporate and Other44 30 
Total capital expenditures$104 $64 
Schedule of Reconciliation of Assets from Segments to Consolidated
As of
September 30,
2025
As of
June 30,
2025
(in millions)
Assets
Cable Network Programming$3,052 $2,895 
Television8,378 7,924 
Corporate and Other9,701 10,755 
Investments1,635 1,621 
Total assets$22,766 $23,195