Fox Corporation
Fox Corporation Reports Strong Second Quarter Fiscal 2025 Results
Summary
Fox Corporation reported total quarterly revenues of $5.08 billion, a 20% increase from the prior year, driven by growth in affiliate fees and advertising revenues. The company posted net income of $388 million, a significant jump from $115 million in the prior year quarter. Adjusted EBITDA also saw a substantial increase to $781 million. The company has repurchased $6.1 billion of its common stock as of December 31, 2024, with a remaining authorization of $900 million. A press release with further details is attached as Exhibit 99.1.
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About Fox Corporation
Fox Corporation is a notable entity in the media and entertainment industry, primarily focused on television broadcasting, news, and sports programming. The company operates key television networks including FOX broadcast network, FOX News, FOX Business, and FOX Sports, making it a significant player in delivering live television content to a large audience. Fox Corporation is known for its engaging programming that spans across various genres such as entertainment, sports, and news, impacting sectors like advertising, media production, and digital streaming. Founded in 2019 following the acquisition of 21st Century Fox by The Walt Disney Company, Fox Corporation concentrates its efforts on live and prime-time programming. The company's strategic focus on cable news and sports positions it as a mainstay in American homes, contributing to public discourse and cultural trends. With its headquarters in New York City, Fox Corporation plays a pivotal role in shaping the media landscape by continuously adapting to the evolving preferences of viewers and the technological advancements in content delivery.
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