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.

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Cost of revenue

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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

Investors interested in Broadcast Radio and Television stocks are likely familiar with Fox (FOXA) and Netflix (NFLX). But which of these two stocks is more attractive to value investors?

FOXA vs. NFLX: Which Stock Is the Better Value Option?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Fox (FOXA) Stock Undervalued Right Now?

Fox Corporation (FOX) Q1 2024 Earnings Call Transcript

Fox Sports drove higher consumption overall for Fox last quarter. But sports programming also drove up expenses.

Fox touts sports programming performance even as costs rise

Fox's (FOXA) first-quarter fiscal 2024 results reflect improvements in fees from third-party FOX affiliates and continued growth at Tubi, offset by lower political advertising revenues.

Fox (FOXA) Q1 Earnings Beat Estimates, Ad Revenues Decline

Fox Corporation has reported steady first-quarter revenues but a sharp decline in net income as its FOX Television Stations generated lower revenues from political advertising. The media giant said this was offset by advertising revenue from the broadcast of the FIFA Women's World Cup at FOX Sports and continued growth at its Tubi streaming platform.

Fox Corp shares rise despite dip in 1Q profit as political advertising dries up

Fox (FOXA) came out with quarterly earnings of $1.09 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $1.21 per share a year ago.

Fox (FOXA) Q1 Earnings and Revenues Surpass Estimates

Fox Corp. nipped Wall Street estimates for its fiscal first quarter, but earnings fell from a year ago partly due to a comparative lack of political ad spending. Revenue came in at $3.21 billion, up a smidgen from $3.19 billion in the prior-year quarter. Adjusted earnings per share were $1.09, down from $1.

Fox Corp. Edges Wall Street Quarterly Estimates, But Feels The Squeeze Without Political Ad Influx

Fox Corp beat first-quarter revenue estimates on Thursday, as it benefited from higher affiliate fees in its television segment that includes its news network.

Fox Corp tops quarterly revenue estimates on growth in television segment

NEW YORK , Nov. 2, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended September 30, 2023. The Company reported total quarterly revenues of $3.21 billion as compared to the $3.19 billion reported in the prior year quarter.

FOX REPORTS FIRST QUARTER FISCAL 2024 REVENUES OF $3.21 BILLION, NET INCOME OF $415 MILLION, AND ADJUSTED EBITDA OF $869 MILLION

Fox FOXA is set to report first-quarter fiscal 2024 results on Nov 2. For the quarter, the Zacks Consensus Estimate for earnings is pegged at 97 cents per share, down 2 cents in the past 30 days.

Fox (FOXA) to Report Q1 Earnings: What's in the Offing?

Comcast

Verizon

If you're on the hunt for undervalued communications stocks, the task might be difficult. According to Yardeni Research, the communication services sector has the best performance year-to-date of the 11 S&P 500 sectors, with a 45.6% return through Oct. 24.

The 3 Most Undervalued Communications Stocks to Buy: October 2023

Fox (FOXA) News Media and SiriusXM extend the broadcasting agreement with FNC, FOX Business Network and FOX News Headlines 24/7.

Fox (FOXA) News and SiriusXM Extend Broadcasting Agreement

Fox (FOXA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Fox (FOXA) Expected to Beat Earnings Estimates: Should You Buy?

NEW YORK--(BUSINESS WIRE)--FOX News Digital finished the third quarter of 2023 marking ten consecutive quarters leading news brands with multiplatform minutes, while seeing double-digit year-over-year growth across all key performance indicators, according to Comscore. FOX News Digital also led news brands with multiplatform views, marking five consecutive quarters leading this metric. FOX News Digital closed out the third quarter reaching 9.5 billion total multiplatform minutes, 5.2 billion to.

FOX News Digital Marks Ten Consecutive Quarters Leading News Brands With Multiplatform Minutes

Fox Corporation has demonstrated consistent revenue growth and strong net margins over the past five years. FOXA's strategic initiatives, such as digital expansion through Tubi and content leadership in news media, position it for continued growth. Additionally, its strong market positioning and solid financial performance contribute to a positive outlook.

Fox Corp.: An Undervalued Company With Consistent Strong Performance

NEW YORK and LOS ANGELES , Oct. 12, 2023 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) will discuss first quarter fiscal 2024 financial results via a live audio webcast beginning at 8:00 a.m. ET / 5:00 a.m.

Fox Corporation Executives to Discuss First Quarter Fiscal 2024 Financial Results Via Webcast

Fox Corporation has undergone leadership changes, with Lachlan Murdoch taking over from Rupert Murdoch, which could impact the company's future trajectory. The company has demonstrated adaptability by integrating traditional broadcasting methods with modern digital platforms, indicating a stable foundation. Fox's strategy of blending traditional and digital media, and its investments in new co-productions and digital engagement, positions it strongly in the media industry.

Fox Corporation's Investment Appeal: Unpacking Valuation, Ownership, And Digital Strategy

Tubi's New Beta Feature, Rabbit AI, Offers Viewers a New Way to Discover Content SAN FRANCISCO , Sept. 26, 2023 /PRNewswire/ -- Tubi (www.tubi.tv), Fox Corporation's (NASDAQ: FOXA, FOX) ad-supported video-on-demand service, has announced Rabbit AI, a first-of-its-kind mobile feature powered by ChatGPT-4 that offers viewers a new way to navigate the platform and discover movies and TV shows.

Find Your Next Obsession with Tubi's New GPT-4 Powered Content Discovery Feature

Former Australian prime minister Tony Abbott has been nominated to Fox Corp's board of directors. The rightwing politician is a controversial figure who's called climate change science "absolute crap.

Lachlan Murdoch backs Fox board role for former Australian PM who called climate change science 'absolute crap'

Moderna

Splunk

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The Score: Moderna, Splunk, Fox and More Stocks That Defined the Week

Fox Corp's former chairman Rupert Murdoch's total compensation for 2023 climbed more than 24% to $22.9 million, a regulatory filing showed on Friday.

Rupert Murdoch's 2023 pay at Fox swells 24% to $22.9 million

News Corp

Lachlan Murdoch will officially inherit his father's massive media empire after a decision Thursday named him the sole chairman of News Corp (NASDAQ:NWS)oration.  Lachlan, Rupert Murdoch's eldest son, now sits at the helm of the company behind Fox News, the Wall Street Journal and the New York Post, among others.

Who is Lachlan Murdoch? Rupert's eldest son is set to inherit an empire

Lachlan Murdoch, the eldest son of media titan Rupert Murdoch, was named the sole chairman of News Corp and will continue as the chair and chief executive of Fox Corp , the companies said Thursday, settling for now the issue of succession in one of the world's most powerful media empires.

Who is Lachlan Murdoch and what will happen to Fox and News Corp?

Rupert Murdoch will step down from News Corp and the Fox Corporation after decades at the helm of the right-leaning news giant.

News for Twenty-First Century Fox Stock (FOXA)