Fox Corporation reported a significant increase in its financial performance for the fiscal year ending June 30, 2025, with total revenues reaching $16.3 billion, a 17% increase from $14 billion in the previous fiscal year. The company attributed this growth to higher affiliate fees, advertising revenues, and other operating activities. Specifically, affiliate fee revenue rose by $332 million, or 5%, driven by increased average rates per subscriber, while advertising revenue surged by $1.4 billion, or 26%, largely due to the broadcast of Super Bowl LIX and heightened political advertising related to the 2024 elections. Net income also saw a substantial increase, climbing 48% to $2.3 billion compared to $1.6 billion in the prior year.
In terms of operational metrics, Fox's Cable Network Programming segment generated $6.9 billion in revenue, a 16% increase from the previous year, while the Television segment reported $9.3 billion, an 18% rise. The company’s digital platform, Tubi, continued to expand, contributing to the overall growth with a reported 11 billion hours of content streamed during the fiscal year. However, the company experienced a decline in subscriber numbers across its networks, which impacted affiliate fee revenue. The total number of subscribers for FOX News dropped from 67 million to 61 million, and similar declines were noted across other networks.
Strategically, Fox Corporation has been active in expanding its digital offerings and enhancing its content portfolio. The company launched new original titles on Tubi and secured long-term sports broadcasting rights, including an expanded agreement with the NFL. Additionally, Fox announced the upcoming launch of its direct-to-consumer streaming service, FOX One, expected to debut in Fall 2025. The company also made significant investments in acquisitions, including controlling interests in two digital media companies, although these did not materially impact revenues in the current fiscal year.
Fox Corporation maintained a strong balance sheet, ending the fiscal year with approximately $5.4 billion in cash and cash equivalents. The company returned about $1.25 billion to shareholders through stock repurchases and dividends, while also reducing its debt by $600 million. Looking ahead, Fox expressed optimism about its ability to navigate the evolving media landscape, focusing on maintaining its leadership in live news and sports while expanding its digital distribution capabilities. The company anticipates continued revenue growth driven by its strategic investments and the increasing demand for its content across various platforms.
About Fox Corp
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