Company: FOX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024466
Chunk: 65

Company: Fox Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 65
---
 U.S. consumer finance 

20

marketplace. The FOX Studio Lot, located in Los Angeles, California, provides television and film production services along with office space, studio operation services and includes all operations of the facility.

We use the term "MVPDs" to refer collectively to traditional MVPDs and virtual MVPDs.

RESULTS OF OPERATIONS

Results of Operations—For the three and nine months ended March 31, 2025 versus the three and nine months ended March 31, 2024.

The following table sets forth the Company’s operating results for the three and nine months ended March 31, 2025, as compared to the three and nine months ended March 31, 2024:

 For the three months ended March 31,For the nine months ended March 31, 20252024Change% Change20252024Change% Change(in millions, except %)Better/(Worse)Better/(Worse)RevenuesAffiliate fee$2,005 $1,938 $67 3 %$5,748 $5,465 $283 5 %Advertising2,036 1,235 801 65 %5,787 4,437 1,350 30 %Other330 274 56 20 %1,478 986 492 50 %Total revenues4,371 3,447 924 27 %13,013 10,888 2,125 20 %Operating expenses(2,965)(2,050)(915)(45)%(8,759)(7,305)(1,454)(20)%Selling, general and administrative(551)(510)(41)(8)%(1,578)(1,485)(93)(6)%Depreciation and amortization(95)(98)3 3 %(283)(291)8 3 %Restructuring, impairment and other corporate matters(55)(15)(40)**(251)(24)(227)**Equity losses of affiliates(18)(2)(16)**(11)— (11)**Interest expense, net(55)(55)— — %(185)(169)(16)(9)%Non-operating other, net(158)244 (402)**156 39 117 **Income before income tax expense474 961 (487)(51)%2,102 1,653 449 27 %Income tax expense(120)(257