Fox Corporation (Nasdaq: FOXA, FOX) has announced its financial results for the fourth quarter and full year ending June 30, 2025. The company reported robust revenues of $3.29 billion for the fourth quarter, marking a 6% increase from the prior year. For the full fiscal year, total revenues reached $16.30 billion, reflecting a 17% growth compared to the previous year.

Key financial metrics for the fourth quarter include:

Net Income: $719 million, up from $320 million year-over-year.

Adjusted EBITDA: $939 million, a 21% increase from the prior year quarter.

Earnings Per Share (EPS): $1.57, compared to $0.68 in the same period last year.

CEO's Remarks

Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation, expressed his enthusiasm about the results, stating, "Fiscal 2025 was another outstanding year for FOX, demonstrating broad-based strength across our businesses and achieving record financial results all while making important investments in our digital growth assets." He emphasized the company’s strategic focus on enhancing shareholder value, highlighted by a $5 billion increase to the share repurchase authorization and an increased semi-annual dividend of $0.28 per share.

2. Detailed Revenue Breakdown

Fourth Quarter Performance

Fox's revenue growth was primarily driven by:

Affiliate Fee Revenues: Rose by 3%, with a notable 4% increase in the Television segment.

Advertising Revenues: Increased by 7%, largely due to digital growth from the Tubi AVOD service and improved ratings in news programming. However, this was tempered by the absence of major sports events compared to the previous year.

Other Revenues: Jumped by 33%, primarily due to heightened content revenues.

Full Year Performance

For the full year:

Affiliate Fee Revenues: Increased by 5%, driven by a 7% growth in the Television segment.

Advertising Revenues: Soared by 26%, benefitting from the high-profile Super Bowl LIX, increased political advertising, and ongoing digital gains.

Other Revenues: Up 47%, largely from increased sports sublicensing revenues.

3. Segment Performance

Cable Network Programming

In the fourth quarter, Cable Network Programming reported revenues of $1.53 billion, reflecting a 7% growth. Noteworthy highlights include:

Segment EBITDA: Increased to $747 million, a 6% rise compared to the same quarter last year.

Challenges: The increase in revenues was offset by higher sports programming costs.

Television

The Television segment generated revenues of $1.71 billion in the fourth quarter, an increase of 6%. Key factors include:

Advertising Revenues: Rose 3%, driven by digital growth and higher affiliate fees.

Segment EBITDA: More than doubled to $308 million, reflecting efficiency improvements and a decrease in certain programming costs.

4. Share Repurchase and Dividend Increase

Fox Corporation's Board of Directors has approved a significant increase in its share repurchase program, raising the total authorization to $12 billion. This decision aligns with the company's confidence in its financial trajectory. Additionally, the company declared a semi-annual dividend of $0.28 per share, payable on September 24, 2025.

5. Conclusion

Fox Corporation's impressive fiscal 2025 results underscore its strategic investments in digital growth and robust operational performance across its segments. With a strong balance sheet and an optimistic outlook for the upcoming fiscal year, highlighted by the anticipated launch of FOX One, the company is poised to continue delivering value to its shareholders.

Original press release