Company: FOX
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001628280-25-024466
Chunk: 84

Company: Fox Corp
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 2
Chunk 84
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 except %)Better/(Worse)Better/(Worse)RevenuesAffiliate fee$2,005 $1,938 $67 3 %$5,748 $5,465 $283 5 %Advertising2,036 1,235 801 65 %5,787 4,437 1,350 30 %Other330 274 56 20 %1,478 986 492 50 %Total revenues4,371 3,447 924 27 %13,013 10,888 2,125 20 %Operating expenses(2,965)(2,050)(915)(45)%(8,759)(7,305)(1,454)(20)%Selling, general and administrative(551)(510)(41)(8)%(1,578)(1,485)(93)(6)%Depreciation and amortization(95)(98)3 3 %(283)(291)8 3 %Restructuring, impairment and other corporate matters(55)(15)(40)**(251)(24)(227)**Equity losses of affiliates(18)(2)(16)**(11)— (11)**Interest expense, net(55)(55)— — %(185)(169)(16)(9)%Non-operating other, net(158)244 (402)**156 39 117 **Income before income tax expense474 961 (487)(51)%2,102 1,653 449 27 %Income tax expense(120)(257)137 53 %(528)(419)(109)(26)%Net income354 704 (350)(50)%1,574 1,234 340 28 %Less: Net income attributable to noncontrolling interests(8)(38)30 79 %(28)(52)24 46 %Net income attributable to Fox Corporation stockholders$346 $666 $(320)(48)%$1,546 $1,182 $364 31 %**not meaningful

Overview

For the three months ended March 31, 2025 and 2024

The Company’s revenues increased $924 million or 27% for the three months ended March 31, 2025, as compared to the corresponding period of fiscal 2024, due to higher affiliate fee, advertising and other revenues. The increase of $67 million or