Company: FOX
Filing Date: 2025-09-08
Form Type: 424B7
Source: 0001193125-25-198368
Chunk: 10

Company: Fox Corp
Filing Date: 2025-09-08
Form: 424B7
Chunk 10
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FOX.” |

| Risk factors | Investing in our Class B common stock involves significant risks. You should carefully consider all of the information contained, or incorporated by reference, in this prospectus supplement and the accompanying prospectus prior to investing 
 in the shares. In particular, we urge you to carefully consider the information contained in the “Risk Factors” section beginning on page S-5 of this prospectus supplement and in our reports                                                   
 filed with the SEC.                                                                                                                                                                                                                              |

| (1) | Total number of shares of our Class B common stock outstanding as of August 1, 2025. |

S-4

RISK FACTORS You should carefully consider the following risk factors, as well as the other information included or incorporated by reference into this prospectus supplement and the accompanying prospectus, before making an investment decision. These risks are not the only risks that we face in our business and/or in connection with this offering. Our business, financial condition and results of operations and/or the shares offered hereby could also be affected by additional factors that are not presently known to us or that we currently do not consider to be material. Risks Relating to Our Business For a discussion of the risks related to our business, you should carefully consider the risks, uncertainties and assumptions discussed under “Item 1A. Risk Factors” in the 2025 Form 10-Kand in other documents that we subsequently file with the SEC that update, supplement or supersede such information, all of which are incorporated by reference into this prospectus supplement. See “Where You Can Find More Information” and “Incorporation of Certain Information By Reference.” Risks Related to Ownership of Our Class B Common Stock Our stock price has fluctuated in the past and may fluctuate in the future. Accordingly, you may not be able to resell the shares purchased in this offering at or above the price at which you purchased them. The market price of our Class B common stock could vary significantly as a result of a number of factors, some of which are beyond our control. In the event of a drop in the market price of our Class B common stock, you could lose a substantial part or all of your investment in the shares. The following factors, among others, could affect our stock price:

| • |     | conditions in the broader stock market in general; |

| • |     | our ability to make investments with attractive risk-adjusted returns; |

| • |     | the public reaction to our press releases, our other public announcements and