Company: FOX
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001628280-25-003592
Chunk: 65

Company: Fox Corp
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 8
Chunk 65
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 collectively to traditional MVPDs and virtual MVPDs.

RESULTS OF OPERATIONS

Results of Operations—For the three and six months ended December 31, 2024 versus the three and six months ended December 31, 2023.

The following table sets forth the Company’s operating results for the three and six months ended December 31, 2024, as compared to the three and six months ended December 31, 2023:

 For the three months ended December 31,For the six months ended December 31, 20242023Change% Change20242023Change% Change(in millions, except %)Better/(Worse)Better/(Worse)RevenuesAffiliate fee$1,900 $1,787 $113 6 %$3,743 $3,527 $216 6 %Advertising2,422 2,002 420 21 %3,751 3,202 549 17 %Other756 445 311 70 %1,148 712 436 61 %Total revenues5,078 4,234 844 20 %8,642 7,441 1,201 16 %Operating expenses(3,776)(3,393)(383)(11)%(5,794)(5,255)(539)(10)%Selling, general and administrative(525)(495)(30)(6)%(1,027)(975)(52)(5)%Depreciation and amortization(97)(97)— — %(188)(193)5 3 %Restructuring, impairment and other corporate matters(170)(18)(152)**(196)(9)(187)**Equity earnings of affiliates4 1 3 **7 2 5 **Interest expense, net(80)(72)(8)(11)%(130)(114)(16)(14)%Non-operating other, net81 (29)110 **314 (205)519 **Income before income tax expense515 131 384 **1,628 692 936 **Income tax expense(127)(16)(111)**(408)(162)(246)**Net income388 115 273 **1,220 530 690 **Less: Net income attributable to noncontrolling interests(15)(6)(9)**(20)(14)(6)(43)%Net income attributable to Fox Corporation stockholders$373 $109