NASDAQ$FOXA

Fox Corp · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

Reported a revenue increase of 20% and a significant rise in net income and Adjusted EBITDA.

Fox Corporation reported strong second quarter fiscal 2025 results, with revenues increasing by 20% to $5.08 billion and net income rising to $388 million. Adjusted EBITDA saw a substantial increase of 123% to $781 million, driven by higher affiliate fee and advertising revenues. The company's performance was boosted by a compelling fall sports schedule and a record-breaking presidential election news cycle.

  • Revenues increased by 20% to $5.08 billion compared to the prior year quarter.
  • Net income rose to $388 million, a significant increase from $115 million in the prior year quarter.
  • Adjusted EBITDA increased by 123% to $781 million, driven by revenue growth.
  • Advertising revenues increased by 21%, benefiting from political advertising, higher MLB postseason ratings, and NFL pricing.

Headline financials

Total Revenue

$5.08B

Previous: $4.23B+19.9%
EPS (adj)

$0.96

Previous: $0.34+182.4%
Capital Expenditures

-$138M

Previous: -$150M+8.0%
Free Cash Flow

-$436M

Previous: -$685M+36.4%
Net Income

$388M

Previous: $115M+237.4%
Operating Income

$515M

Previous: -$3.84B+113.4%
Gross Profit

$2.97B

Previous: $841M+253.0%
Stock-Based Comp

$34M

Previous: $24M+41.7%

Revenue & EPS history

Fox · Revenue · Quarterly

$5.08B

Q2 2025+19.9%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Fox · $3.17B total across 2 segments · Q1 2024

  • Television
    $1.78B+3.9%
  • Cable Network Programming
    $1.39B-3.1%

Forward guidance

The company remains committed to sustained long-term value creation for its shareholders through its thoughtful and disciplined strategy for growth.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

+0.7%

Avg return

Earnings day

+1.9%

Avg return

5 days after

+2.6%

Avg return

30 days after

57%

29 / 51 earnings

Positive

+7.6%

Q1 2026

Best reaction

-13.0%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026-0.6%+3.0%+7.0%
Q2 2026-0.7%-10.6%-14.9%
Q1 2026+7.6%+6.1%+7.7%
Q3 2025+4.4%+11.6%+8.8%
Q2 2025+4.8%+1.6%+6.6%
Q1 2025+4.6%+6.5%+10.6%
Q4 2024+7.4%+8.2%+11.2%
Q3 2024+3.2%+2.7%+5.5%
Q2 2024-9.3%-3.7%-8.7%
Q1 2024+5.1%+1.6%-0.9%
Q4 2023+4.5%+4.6%-6.7%
Q3 2023-3.1%-4.5%+5.2%
Q2 2023+4.4%+4.8%-2.7%
Q1 2023+3.6%+3.4%+11.2%
Q4 2022+7.4%+7.8%+2.3%
Q3 2022-0.0%+1.8%+0.8%
Q2 2022+7.2%+4.5%-3.7%
Q1 2022-0.7%-2.5%-13.4%
Q4 2021+4.5%+4.2%+5.3%
Q3 2021+2.5%+5.7%+1.2%
Q2 2021-3.3%-0.3%+28.0%
Q1 2021-5.4%-5.3%+10.7%
Q4 2020-5.3%-6.4%+3.8%
Q3 2020+4.9%+6.5%+28.0%
Q2 2020-2.4%-1.9%-24.2%
Q1 2020+6.5%+6.6%+7.9%
Q4 2019-3.8%-4.1%-6.1%
Q3 2019+3.5%+1.9%-8.7%
Q2 2019+0.3%
Q1 2019+1.5%
Q4 2018+0.0%
Q3 2018+0.0%
Q2 2018-6.4%
Q1 2018+4.0%
Q4 2017-0.9%
Q3 2017+1.3%
Q2 2017-3.0%
Q1 2017+5.1%
Q4 2016-3.1%
Q3 2016+0.4%
Q2 2016-3.3%
Q1 2016-5.1%
Q4 2015-13.0%
Q3 2015-2.6%
Q2 2015-4.6%
Q1 2015+0.9%
Q4 2014+6.6%
Q3 2014+5.7%
Q2 2014+1.3%
Q1 2014-0.8%
Q4 2013+1.4%
Q3 2013

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