Company: FOX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001628280-25-047354
Chunk: 82

Company: Fox Corp
Filing Date: 2025-10-30
Form: 10-Q
Item: Part I, Item 2
Chunk 82
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 operational expenditures including production costs; marketing and promotional expenses; expenses related to broadcasting the Company’s programming; employee and facility costs; capital expenditures; acquisitions, including redeemable noncontrolling interests; income taxes, interest and dividend payments; debt repayments; legal settlements; and stock repurchases.

The Company has evaluated, and expects to continue to evaluate, possible acquisitions and dispositions of certain businesses and assets. Such transactions may be material and may involve cash, the Company’s securities or the assumption of additional indebtedness.

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Sources and Uses of Cash

Net cash (used in) provided by operating activities for the three months ended September 30, 2025 and 2024 was as follows (in millions):

For the three months ended September 30,20252024Net cash (used in) provided by operating activities$(130)$158 

The change in net cash (used in) provided by operating activities during the three months ended September 30, 2025, as compared to the corresponding period of fiscal 2025, was primarily due to lower political advertising receipts due to the absence of the 2024 presidential and congressional elections, higher sports and entertainment programming payments and higher tax payments, partially offset by higher Segment EBITDA.

Net cash used in investing activities for the three months ended September 30, 2025 and 2024 was as follows (in millions):

For the three months ended September 30,20252024Net cash used in investing activities$(255)$(78)

The increase in net cash used in investing activities during the three months ended September 30, 2025, as compared to the corresponding period of fiscal 2025, was primarily due to an increase in the Company’s investments and capital expenditures.

Net cash used in financing activities for the three months ended September 30, 2025 and 2024 was as follows (in millions):

For the three months ended September 30,20252024Net cash used in financing activities$(598)$(347)

The increase in net cash used in financing activities during the three months ended September 30, 2025, as compared to the corresponding period of fiscal 2025, was primarily due to the Company’s purchase of noncontrolling interest.

Stock Repurchase Program

See Note 6—Stockholders’ Equity to the accompanying Financial Statements under the heading “Stock Repurchase Program.”

Dividends

The Company declared a semi-annual dividend of $0.28 per share on both the Class A Common Stock and the Class