Company: FOX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024466
Chunk: 69

Company: Fox Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 69
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’s chief operating decision maker to evaluate performance and allocate resources.

23

The following tables set forth the Company’s Revenues and Segment EBITDA 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)RevenuesCable Network Programming$1,636 $1,472 $164 11 %$5,398 $4,517 $881 20 %Television2,704 1,938 766 40 %7,618 6,260 1,358 22 %Corporate and Other58 53 5 9 %181 156 25 16 %Eliminations(27)(16)(11)(69)%(184)(45)(139)**Total revenues$4,371 $3,447 $924 27 %$13,013 $10,888 $2,125 20 %

 For the three months ended March 31,For the nine months ended March 31,20252024Change% Change20252024Change% Change(in millions, except %)Better/(Worse)Better/(Worse)Segment EBITDACable Network Programming$878 $819 $59 7 %$2,283 $1,990 $293 15 %Television60 145 (85)(59)%637 358 279 78 %Corporate and Other(82)(73)(9)(12)%(235)(238)3 1 %Adjusted EBITDA(a)$856 $891 $(35)(4)%$2,685 $2,110 $575 27 %**not meaningful(a)For a discussion of Adjusted EBITDA and a reconciliation of Net income to Adjusted EBITDA, see “Non-GAAP Financial Measures” below.

Cable Network Programming (41% of the Company’s revenues for the first nine months of fiscal 2025 and 2024)

 For the three months ended March 31,For the nine months ended March 31, 20252024Change% Change20252024Change% Change(in millions, except %)