10-Q quarterly report · filed Feb 4, 2026

Fox Corporation (Class B) (FOX) Q4 2025 10-Q Quarterly Report

Short answer

Fox Corporation (Class B) (FOX) filed its Q4 2025 10-Q quarterly report on Feb 4, 2026 for the quarter ended Dec 31, 2025. Quarterly revenue was $5.2B (up 2.0% year over year) with net income of $229M.

Q4 2025 key financials · XBRL

Revenue
$5.2B
+2.0% YoY · +38.6% QoQ
Net income
$229M
−38.6% YoY · −61.8% QoQ
EPS (diluted)
$0.53
−34.6% YoY · −59.8% QoQ

Source: XBRL data from the Fox Corporation (Class B) (FOX) Q4 2025 10-Q on SEC EDGAR. USD.

Fox Corporation (Class B) Q4 2025 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Quarterly revenue $5.18B, up 2% YoY from $5.08B; distribution +4% to $2.00B, advertising +1% to $2.46B
  • Operating expenses +3% to $3.90B; SG&A +13% to $595M; net income down 36% to $141M, operating margin ~-1.5% vs ~0.7% YoY (implied)
  • Best segment: Cable Network Programming revenue +5% to $2.28B and EBITDA +5% to $1.49B; Worst segment: Television revenue -1% to $2.94B and EBITDA down 30% to -$62M
  • Cash $2.0B; operating cash flow used $799M vs $204M prior year; financing cash flow used $2.14B due to $1.5B accelerated share repurchase
  • Management highlights election year impact on political ad revenue, expects continued digital growth via Tubi and FOX One, notes risks from subscriber losses and competitive pressures

Risk Factors

  • No material changes to risk factors since 10-K filed August 6, 2025
  • Continued regulatory risk from evolving content and broadcasting regulations impacting distribution and licensing
  • Ongoing competitive risk from streaming services eroding traditional TV viewership and advertising revenues
  • Persistent financial risk from advertising revenue concentration and sensitivity to economic cycles
  • Operational risk from reliance on key content contracts and talent agreements for programming quality and availability

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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