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Fox Corporation operates as a news, sports, and entertainment company in the United States. It operates in four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators, telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms. Its Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising-supported video-on-demand service Tubi, and operates full power broadcast television stations, including duopolies and other digital platforms. This segment also produces content for third parties. The Credible segment engages in the consumer finance marketplace. Its FOX Studio Lot segment provides television and film production services along with office space, studio operation services, and all operations of the facility. Fox Corporation was incorporated in 2018 and is headquartered in New York, New York.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $16.3B | $3.8B | $2.3B | $3.0B | 18.9% | 16.6% | 50.8% |
| 2024 | $14.0B | $2.9B | $1.5B | $1.5B | 14.0% | -6.3% | 21.1% |
| 2023 | $14.9B | $2.5B | $1.2B | $1.4B | 11.9% | 6.7% | 2.8% |
| 2022 | $14.0B | $2.4B | $1.2B | $1.6B | 10.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 13,974 | 14,913 | 13,980 | 16,300 |
| Operating Expense | - | 11,400 | 12,149 | 11,502 | 13,071 |
| Operating Income | - | 2,574 | 2,764 | 2,478 | 3,229 |
| EBITDA | - | 2,434 | 2,496 | 2,898 | 3,849 |
| EBIT | - | 2,071 | 2,085 | 2,509 | 3,464 |
| Pretax Income | - | 1,694 | 1,736 | 2,104 | 3,061 |
| Tax Provision | - | 461 | 483 | 550 | 768 |
| Net Income | - | 1,205 | 1,239 | 1,501 | 2,263 |
| Net Income Common Stockholders | - | 1,205 | 1,239 | 1,501 | 2,263 |
| Total Expenses | - | 11,400 | 12,149 | 11,502 | 13,071 |
| Interest Expense | - | 377 | 349 | 405 | 403 |
| Interest Income | - | 6 | 131 | 189 | 176 |
| Selling General And Administration | - | 1,920 | 2,049 | 2,024 | 2,168 |
| Normalized EBITDA | - | 2,932 | 3,275 | 2,988 | 3,750 |
| Normalized Income | - | 1,568.54 | 1,801.26 | 1,567.47 | 2,188.75 |
| Market Cap | 26,736.14 | 26,736.14 | 26,736.14 | 26,736.14 | 26,736.14 |
Communication Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fox Corporationthis co. | FOXA | $29.0B | 11.81 | 2.24 | 18.9% | 7.50 |
| Comcast Corporation | CMCSA | $99.2B | 4.92 | 1.02 | 20.6% | 4.05 |
| Warner Bros. Discovery, Inc. | WBD | $67.8B | 93.34 | 1.89 | 2.0% | 4.51 |
| Electronic Arts Inc. | EA | $53.1B | 45.24 | 7.94 | 17.6% | 25.03 |
| Fox Corporation | FOX | $25.9B | 10.56 |
| - |
| - |
| - |
| - |
| - |
| 2.00 |
| 18.9% |
| 6.76 |
| Charter Communications, Inc. | CHTR | $24.3B | 5.10 | 1.58 | 31.1% | 5.76 |
| News Corporation | NWS | $17.2B | 14.05 | 1.89 | 13.4% | 12.09 |
| News Corporation | NWSA | $14.9B | 12.17 | 1.64 | 13.4% | 10.53 |
| The Trade Desk, Inc. | TTD | $11.7B | 25.74 | 4.59 | 17.8% | 15.87 |
| Peer Median | - | 13.11 | 1.89 | 17.7% | 8.64 | |