Company: FOX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047354
Chunk: 54

Company: Fox Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 8
Chunk 54
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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 EBITDACable Network ProgrammingRevenues$1,662 $1,597 Operating expenses(703)(702)Selling, general and administrative(159)(151)Amortization of cable distribution investments— 4 Segment EBITDA$800 $748 TelevisionRevenues$2,050 $1,953 Operating expenses(1,385)(1,333)Selling, general and administrative(266)(248)Segment EBITDA$399 $372 

14

FOX CORPORATIONNOTES TO THE UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

 For the three months ended September 30, 20252024 (in millions)Revenues by Segment by ComponentCable Network Programming  Distribution(a)$1,090 $1,062 Advertising345 321 Content and other227 214 Total Cable Network Programming revenues1,662 1,597 TelevisionAdvertising1,067 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.For the three months ended September 30,20252024(in millions)Depreciation and amortizationCable 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 expendituresCable Network Programming$28