Company: FOX
Filing Date: 2025-09-09
Form Type: 424B7
Source: 0001193125-25-199168
Chunk: 3

Company: Fox Corp
Filing Date: 2025-09-09
Form: 424B7
Chunk 3
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 to, government regulation, economic, strategic, political and social conditions and the following factors:

| • |     | evolving technologies and distribution platforms and offerings and changes in consumer behavior as consumers seek             
 more control over when, where and how they consume content, and related impacts on advertisers and MVPDs (as defined herein); |

| • |     | declines in advertising expenditures due to various factors such as the economic prospects of advertisers or the                                                                                                                             
 economy including the impact of tariffs, evolving technologies and distribution platforms and related changes in consumer behavior and shifts in advertisers’ expenditures, the evolving digital advertising market, major sports events and 
 election cycles, advertising campaigns, and audience measurement methodologies’ ability to accurately reflect actual multiplatform viewership levels;                                                                                        |

| • |     | further declines in the number of subscribers to MVPD services; |

| • |     | the failure to enter into or renew on favorable terms, or at all, affiliation or carriage agreements or        
 arrangements through which the Company makes its content available for viewing through online video platforms; |

| • |     | the highly competitive nature of the industry in which the Company’s businesses operate; |

| • |     | the popularity of the Company’s content, including special sports events; and the continued popularity of 
 the sports franchises, leagues and teams for which the Company has acquired programming rights;           |

| • |     | the Company’s ability to renew programming rights, particularly sports programming rights, on sufficiently 
 favorable terms, or at all;                                                                                |

| • |     | damage to the Company’s brands or reputation; |

| • |     | the inability to realize the anticipated benefits of the Company’s acquisitions, investments and other                                                
 strategic initiatives, and the effects of any combination or significant acquisition, disposition or other similar transaction involving the Company; |

| • |     | the loss of key personnel; |

| • |     | labor disputes, including labor disputes involving professional sports leagues whose games or events the Company 
 has the right to broadcast;                                                                                      |

| • |     | lower than expected valuations associated with the Company’s reporting units, indefinite-lived intangible 
 assets, investments or long-lived assets;                                                                 |

S-iii

| • |     | a degradation, failure or misuse of the Company’s network and information systems and other technology                                   
 relied on by the Company that causes a disruption of services or improper disclosure of personal data or other confidential information; |

| • |     | content piracy and signal theft and the Company’s ability to protect its intellectual property