v3.26.1
Segment Information (Tables)
 9 Months Ended
Mar. 31, 2026
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 March 31,
For the nine months ended March 31,
 2026202520262025
 (in millions)
Revenues  
Cable Network Programming$1,741 $1,636 $5,678 $5,398 
Television2,197 2,704 7,184 7,618 
Corporate and Other152 58 365 181 
Eliminations(96)(27)(313)(184)
Total revenues$3,994 $4,371 $12,914 $13,013 
Segment EBITDA
Cable Network Programming$884 $878 $2,371 $2,283 
Television191 60 733 637 
Corporate and Other(121)(82)(393)(235)
Amortization of cable distribution investments— (1)— (9)
Depreciation and amortization(101)(95)(299)(283)
Restructuring, impairment and other corporate matters(32)(55)(38)(251)
Equity losses of affiliates(20)(18)(18)(11)
Interest expense, net(66)(55)(214)(185)
Non-operating other, net(499)(158)(785)156 
Income before income tax expense236 474 1,357 2,102 
Income tax expense(61)(120)(326)(528)
Net income175 354 1,031 1,574 
Less: Net income attributable to noncontrolling interests(9)(8)(37)(28)
Net income attributable to Fox Corporation stockholders$166 $346 $994 $1,546 
For the three months ended March 31,
For the nine months ended March 31,
2026202520262025
(in millions)
Reconciliation of Revenues to Segment EBITDA
Cable Network Programming
Revenues$1,741 $1,636 $5,678 $5,398 
Operating expenses(702)(601)(2,831)(2,657)
Selling, general and administrative(155)(158)(476)(467)
Amortization of cable distribution investments— 1 — 9 
Segment EBITDA$884 $878 $2,371 $2,283 
Television
Revenues$2,197 $2,704 $7,184 $7,618 
Operating expenses(1,736)(2,359)(5,642)(6,191)
Selling, general and administrative(270)(285)(809)(790)
Segment EBITDA$191 $60 $733 $637 
Schedule of Revenues by Segment by Component to Consolidated
 
For the three months ended March 31,
For the nine months ended March 31,
 2026202520262025
 (in millions)
Revenues by Segment by Component
Cable Network Programming  
Distribution(a)
$1,233 $1,169 $3,486 $3,340 
Advertising390 372 1,226 1,153 
Content and other118 95 966 905 
Total Cable Network Programming revenues1,741 1,636 5,678 5,398 
Television
Advertising1,166 1,664 4,197 4,634 
Distribution(a)
858 870 2,510 2,500 
Content and other173 170 477 484 
Total Television revenues2,197 2,704 7,184 7,618 
Corporate and Other152 58 365 181 
Eliminations(96)(27)(313)(184)
Total revenues$3,994 $4,371 $12,914 $13,013 
(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 March 31,
For the nine months ended March 31,
2026202520262025
(in millions)
Depreciation and amortization
Cable Network Programming$25 $24 $78 $69 
Television32 28 92 87 
Corporate and Other44 43 129 127 
Total depreciation and amortization$101 $95 $299 $283 
For the three months ended March 31,
For the nine months ended March 31,
2026202520262025
(in millions)
Capital expenditures
Cable Network Programming$38 $27 $104 $80 
Television56 20 119 48 
Corporate and Other41 27 138 84 
Total capital expenditures$135 $74 $361 $212 
Schedule of Reconciliation of Assets from Segments to Consolidated
As of
March 31,
2026
As of
June 30,
2025
(in millions)
Assets
Cable Network Programming$3,239 $2,895 
Television8,665 7,924 
Corporate and Other8,900 10,755 
Investments979 1,621 
Total assets$21,783 $23,195