NASDAQ$FOXA

Fox Corp · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Fox Corporation reported fourth quarter fiscal 2025 revenues of $3.29 billion, net income of $719 million and adjusted EBITDA of $939 million.

Fox Corporation delivered strong Q4 results with revenues rising 6% year-over-year to $3.29 billion, driven by growth in affiliate fees, advertising and other revenues. Net income more than doubled to $719 million while adjusted EBITDA increased 21% to $939 million. The company also announced a $5 billion increase to its share repurchase authorization and raised its semi-annual dividend.

  • Q4 revenues grew 6% to $3.29 billion, led by 7% advertising growth and 33% increase in other revenues.
  • Adjusted EBITDA rose 21% to $939 million, reflecting revenue gains partially offset by higher programming and digital content costs.
  • Net income attributable to stockholders reached $717 million ($1.57 per share), up from $319 million ($0.68 per share) in the prior year quarter.
  • Full-year results set records with revenues of $16.30 billion and adjusted EBITDA of $3.62 billion; board approved $5 billion buyback increase and higher dividend.

Headline financials

Total Revenue

$3.29B

Previous: $3.09B+6.3%
EPS (adj)

$1.27

Previous: $0.90+41.1%
Adjusted EBITDA

$939M

No prior period
Advertising Revenue

$1.08B

No prior period
Affiliate Fee Revenue

$1.91B

No prior period
Net Income

$719M

Previous: $320M+124.7%
Operating Income

$737M

Previous: $451M+63.4%
Cash & Equivalents

$5.35B

No prior period
Total Assets

$23.2B

No prior period

Revenue & EPS history

Fox · Revenue · Quarterly

$3.29B

Q4 2025+6.3%vs Q4 2024
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Fox · $3.3B total across 3 segments · Q4 2025

  • Television
    $1.71B
  • Cable Network Programming
    $1.53B
  • Corporate and Other
    $63M

Forward guidance

Company enters fiscal 2026 with momentum and plans to launch FOX One; board increased share repurchase authorization by $5 billion and raised semi-annual dividend to $0.28 per share.

Tailwinds

  • Record full-year financial results
  • $5 billion increase in share repurchase authorization
  • Dividend increase to $0.28 per share
  • Launch of FOX One planned

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 Q4 2025

Historical avgQ4 2025

+0.6%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+2.7%

Avg return

30 days after

56%

29 / 52 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%
Q4 2025-3.7%-5.2%+6.7%
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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