Fox Corporation Reports Strong Q1 FY2025 Results

NEW YORK – Fox Corporation (NASDAQ: FOXA) reported better-than-expected first quarter fiscal 2025 results, sending shares up 2.85% in trading.

The media company posted adjusted earnings per share of $1.45, surpassing analyst estimates of $1.13. Revenue came in at $3.56 billion, beating the consensus forecast of $3.38 billion and representing an 11% YoY increase.

Fox's strong performance was driven by growth across its key segments. Affiliate fee revenues rose 6%, with the Television segment up 10% and Cable Network Programming up 3%. Advertising revenues jumped 11%, boosted by higher political ad spending at FOX Television Stations and continued growth at streaming platform Tubi.

> "Fiscal 2025 is off to a solid start across our portfolio with strong audience growth at FOX News, record political advertising across the company, accelerating revenue growth at Tubi and a compelling start to our fall sports calendar," said Executive Chair and CEO Lachlan Murdoch.

The company reported quarterly Adjusted EBITDA of $1.05 billion, up 21% YoY.

Fox continued its share repurchase program, buying back approximately $250 million of Class A common stock during the quarter. As of September 30, the company has $1.15 billion remaining in its repurchase authorization.

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