Company: FOX
Filing Date: 2025-02-04
Form Type: 10-Q
Source: 0001628280-25-003592
Chunk: 36

Company: Fox Corp
Filing Date: 2025-02-04
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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8,642 $7,441 $1,201 16 %

23

 For the three months ended December 31,For the six months ended December 31,20242023Change% Change20242023Change% Change(in millions, except %)Better/(Worse)Better/(Worse)Segment EBITDACable Network Programming$657 $564 $93 16 %$1,405 $1,171 $234 20 %Television205 (138)343 **577 213 364 **Corporate and Other(81)(76)(5)(7)%(153)(165)12 7 %Adjusted EBITDA(a)$781 $350 $431 **$1,829 $1,219 $610 50 %**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 (44% and 41% 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)RevenuesAffiliate fee$1,076 $1,031 $45 4 %$2,113 $2,036 $77 4 %Advertising460 348 112 32 %781 638 143 22 %Other629 279 350 **868 371 497 **Total revenues2,165 1,658 507 31 %3,762 3,045 717 24 %Operating expenses(1,354)(942)(412)(44)%(2,056)(1,591)(465)(29)%Selling, general and administrative(158)(156)(2)(1)%(309)(291)(18)(6)%Amortization of cable distribution investments4 4 — — %8 8 — — %Segment EBITDA$657 $564 $93 16 %$1,405 $1,171 $234 20 %**not meaningful

For the three months ended December 31, 202