--- title: "Fox Corp -B | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 5.182 B" type: "News" locale: "zh-HK" url: "https://longbridge.com/zh-HK/news/274817952.md" datetime: "2026-02-04T13:05:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/274817952.md) - [en](https://longbridge.com/en/news/274817952.md) - [zh-HK](https://longbridge.com/zh-HK/news/274817952.md) --- > 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/274817952.md) | [English](https://longbridge.com/en/news/274817952.md) # Fox Corp -B | 8-K: FY2026 Q2 Revenue Beats Estimate at USD 5.182 B Revenue: As of FY2026 Q2, the actual value is USD 5.182 B, beating the estimate of USD 5.026 B. EPS: As of FY2026 Q2, the actual value is USD 0.52. EBIT: As of FY2026 Q2, the actual value is USD 578 M. #### Overall Company Performance (Three Months Ended December 31, 2025 vs. 2024) - **Total Revenues**: Fox Corporation reported $5.18 billion in total revenues for 2025, an increase of $104 million or 2% from $5.078 billion in 2024. - Distribution revenues increased 4%, primarily due to 5% growth at the Cable Network Programming segment. - Advertising revenues increased 1%, driven by higher sports and news pricing, continued digital growth from Tubi AVOD, and additional MLB postseason games, partially offset by lower political advertising and ratings. - Content and other revenues were essentially unchanged. - **Net Income**: Net income was $247 million in 2025, compared to $388 million in 2024. - **Net Income Attributable to Fox Corporation Stockholders**: This was $229 million in 2025, compared to $373 million in 2024. - **Adjusted Net Income Attributable to Fox Corporation Stockholders**: This stood at $360 million in 2025, compared to $442 million in 2024. - **Adjusted EBITDA**: Adjusted EBITDA was $692 million in 2025, compared to $781 million in 2024, as the revenue increase was more than offset by higher expenses. The increase in expenses was primarily due to higher sports programming rights amortization and production costs, and higher digital marketing costs, partially offset by lower entertainment programming rights amortization and production costs. - **Operating Expenses**: Operating expenses were - $3,895 million in 2025, compared to - $3,776 million in 2024. - **Selling, General and Administrative Expenses**: These expenses were - $595 million in 2025, compared to - $525 million in 2024. - **Depreciation and Amortization**: This amounted to - $100 million in 2025, compared to - $97 million in 2024. - **Restructuring, Impairment and Other Corporate Matters**: These were - $14 million in 2025, compared to - $170 million in 2024. - **Equity Earnings of Affiliates**: These were $3 million in 2025, compared to $4 million in 2024. - **Interest Expense, Net**: This was - $98 million in 2025, compared to - $80 million in 2024. - **Non-Operating Other, Net**: This amounted to - $161 million in 2025, compared to $81 million in 2024. - **Income Tax Expense**: Income tax expense was - $75 million in 2025, compared to - $127 million in 2024. #### Segment Performance (Three Months Ended December 31, 2025 vs. 2024) ##### Cable Network Programming - **Total Segment Revenues**: Total segment revenues were $2.28 billion in 2025, an increase of $110 million or 5% from 2024. - Distribution revenues were $1,163 million in 2025, an increase of $54 million or 5%, driven by contractual price increases partially offset by net subscriber declines. - Advertising revenues were $491 million in 2025, an increase of $31 million or 7%, primarily due to higher news and sports pricing, partially offset by lower ratings. - Content and other revenues were $621 million in 2025, an increase of $25 million or 4%, primarily due to higher sports sublicensing revenues. - **Segment EBITDA**: Segment EBITDA was $687 million in 2025, an increase of $30 million or 5%, primarily due to the revenue increase, partially offset by higher expenses from sports programming rights amortization and production costs, though partially offset by lower newsgathering costs. - **Operating expenses**: Operating expenses were - $1,426 million in 2025, compared to - $1,354 million in 2024. - **Selling, general and administrative**: These expenses were - $162 million in 2025, compared to - $158 million in 2024. - **Amortization of cable distribution investments**: This was - $0 million in 2025, compared to $4 million in 2024. ##### Television - **Total Segment Revenues**: Total segment revenues were $2.94 billion in 2025, compared to $2.96 billion in 2024. - Advertising revenues were $1,964 million in 2025, essentially unchanged from $1,962 million in 2024, as digital growth from Tubi AVOD, additional MLB postseason games, and higher sports pricing were offset by lower political advertising and ratings. - Distribution revenues were $831 million in 2025, an increase of $7 million or 1%, driven by higher average rates at owned and operated television stations and increased fees from third-party FOX affiliates. - Content and other revenues were $142 million in 2025, compared to $175 million in 2024, primarily due to lower entertainment content and other revenues impacted by timing of deliveries. - **Segment EBITDA**: Segment EBITDA was $143 million in 2025, compared to $205 million in 2024, primarily due to higher expenses, including higher sports programming rights amortization, production costs, and digital content costs, partially offset by lower entertainment programming rights amortization and production costs. - **Operating expenses**: Operating expenses were - $2,521 million in 2025, compared to - $2,499 million in 2024. - **Selling, general and administrative**: These expenses were - $273 million in 2025, compared to - $257 million in 2024. #### Cash Flow (Six Months Ended December 31, 2025 vs. 2024) - **Net cash used in operating activities**: Net cash used in operating activities was - $799 million in 2025, compared to - $204 million in 2024. - **Net cash used in investing activities**: Net cash used in investing activities was - $393 million in 2025, compared to - $240 million in 2024. - **Net cash used in financing activities**: Net cash used in financing activities was - $2,142 million in 2025, compared to - $553 million in 2024. - **Cash and Cash Equivalents, End of Period**: Cash and cash equivalents were $2,017 million as of December 31, 2025, compared to $3,322 million as of December 31, 2024. #### Other Key Metrics - **Dividend**: Fox Corporation declared a dividend of $0.28 per Class A and Class B share, payable on March 25, 2026, to shareholders of record as of March 4, 2026. - **Share Repurchase Program**: As of December 31, 2025, Fox Corporation cumulatively repurchased approximately $6.6 billion of its Class A common stock and $1.8 billion of its Class B common stock, with a remaining authorization of $3.6 billion. During the quarter, the company repurchased approximately $750 million of its Class A common stock and $800 million of its Class B Common stock. #### Outlook / Guidance The provided report does not contain specific forward-looking financial guidance or outlook statements from Fox Corporation’s management beyond general commentary on past performance and strategic execution. A cautionary statement regarding forward-looking statements is included, but no explicit future projections or targets are given. ### 相關股票 - [Fox Corp -B (FOX.US)](https://longbridge.com/zh-HK/quote/FOX.US.md) ## 相關資訊與研究 - [Fox News host cuts off Trump goon desperately trying to spin energy crisis](https://longbridge.com/zh-HK/news/281656324.md) - [12:22 ETFOX NEWS DELIVERS RECORD-SETTING QUARTER ON YOUTUBE BESTING ALL NEWS BRANDS WITH 1.5 BILLION VIDEO VIEWS](https://longbridge.com/zh-HK/news/281554482.md) - [Wealth First Promoters Confirm 74% Stake With No Encumbrance in FY26](https://longbridge.com/zh-HK/news/281530653.md) - [Xiaomi bought back 12.8 million type B shares for HK$395.1 million on April 2, HKEX says](https://longbridge.com/zh-HK/news/281550229.md) - [News Corp reports $1bn repurchase program; ~$158.6m repurchased to date](https://longbridge.com/zh-HK/news/281504448.md)