Fox Corp Class B
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +3.07%.
Did FOX Beat Earnings? Q4 2025 Results
Fox Corporation closed out fiscal 2025 with a decisive fourth-quarter beat, posting adjusted EPS of $1.27 against a consensus estimate of $1.00, a 27.28% beat, while revenue climbed 6.3% year over year to $3.29 billion, topping the $3.12 billion Wall Street expected by 5.38%. The headline driver was a sharp improvement in profitability across both segments, with Television EBITDA more than doubling to $308 million as lower programming costs, freed from the prior year's UEFA and Copa América broadcasts, fell straight to the bottom line, while Cable Network Programming EBITDA grew 6% to $747 million on stronger Fox News ratings and Fox Nation subscriber gains. Net income reached $719 million, up from $320 million a year ago, and full-year adjusted EBITDA jumped 26% to $3.62 billion. The company also expanded its share repurchase authorization by $5 billion to a total of $12 billion and raised its semi-annual dividend to $0.28 per share. Looking ahead, CEO Lachlan Murdoch pointed to the forthcoming launch of FOX One as a catalyst for continued momentum into fiscal 2026.
- Continued digital growth led by Tubi AVOD service
- Stronger Fox News ratings and pricing
- Higher affiliate fee revenues driven by contractual rate increases
- Higher content revenues boosting Other revenues by 33%
- Lower sports programming costs due to absence of prior year UEFA European Championship and CONMEBOL Copa América broadcasts
“Fiscal 2025 was another outstanding year for FOX, demonstrating broad based strength across our businesses and achieving record financial results all while making important investments in our digital growth assets. We enter fiscal 2026 with solid operational and financial momentum and look forward to another exciting year that will include the launch of FOX One. We remain confident that our focused strategy, leadership position in key verticals and strong balance sheet will continue to deliver value to all shareholders. Underscoring our confidence in the trajectory of the business, this morning we announced a $5 billion increase to our share repurchase authorization and an increase in our semi-annual dividend to $0.28 per share.”
Fox CEO, on the earnings call
Forward Guidance & Outlook
CEO Lachlan Murdoch stated that FOX enters fiscal 2026 with solid operational and financial momentum, highlighting the upcoming launch of FOX One. The company expressed confidence that its focused strategy, leadership position in key verticals, and strong balance sheet will continue to deliver value to shareholders.
FOX YoY Financials
FOX Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.