Company: FOX
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001628280-25-003592
Chunk: 71

Company: Fox Corp
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 8
Chunk 71
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 higher MLB postseason ratings. The increase of $497 million in other revenues was primarily due to higher sports sublicensing revenue.

Cable Network Programming Segment EBITDA increased $234 million or 20% for the six months ended December 31, 2024, as compared to the corresponding period of fiscal 2024, primarily due to the revenue increases noted above, partially offset by higher expenses. Operating expenses increased $465 million or 29% primarily due to higher sports programming rights amortization driven by higher college football costs, including licensing costs for rights that are sublicensed, partially offset by the absence of the Fédération International de Football Association (“FIFA”) Women’s World Cup in the current year. Also contributing to this increase was higher newsgathering costs primarily due to the 2024 presidential election. Selling, general and administrative expenses increased $18 million or 6% primarily due to higher employee costs.

Television (57% and 58% of the Company’s revenues for the first six months of fiscal 2025 and 2024, respectively)

 For the three months ended December 31,For the six months ended December 31, 20242023Change% Change20242023Change% Change(in millions, except %)Better/(Worse)Better/(Worse)RevenuesAdvertising$1,962 $1,654 $308 19 %$2,970 $2,564 $406 16 %Affiliate fee824 756 68 9 %1,630 1,491 139 9 %Other175 132 43 33 %314 267 47 18 %Total revenues2,961 2,542 419 16 %4,914 4,322 592 14 %Operating expenses(2,499)(2,440)(59)(2)%(3,832)(3,638)(194)(5)%Selling, general and administrative(257)(240)(17)(7)%(505)(471)(34)(7)%Segment EBITDA$205 $(138)$343 **$577 $213 $364 ****not meaningful

For the three months ended December 31, 2024 and 2023

Revenues at the Television segment increased $419 million or 16% for the three months ended December 31, 2024, as compared to the corresponding period of fiscal 2024, due to higher advertising, affiliate fee