Fox B 2025 Q4 Earnings Strong Performance as Net Income Surges 125%

Fox B (FOX) reported its fiscal 2025 Q4 earnings on August 5, 2025. The results significantly exceeded expectations, with net income rising 124.7% year-over-year. The company has sustained profitability for seven consecutive years, underscoring strong operational stability and consistent performance.

Revenue
Fox B’s total revenue increased by 6.3% to $3.29 billion in fiscal 2025 Q4, driven by growth across multiple segments. The company’s Cable Network Programming division generated $1.53 billion, while Television revenue was bolstered by $1.71 billion, including $700 million in advertising and $840 million in affiliate fees. Additionally, the Affiliate fee category outside of television contributed $1.07 billion. Advertising revenue totaled $1.08 billion across all segments, and the “Other” category combined for $253 million. Corporate and Other segments brought in $63 million, while Eliminations reduced total revenue by $15 million.

Earnings/Net Income
Fox B’s earnings per share (EPS) surged 130.9% to $1.57 in Q4 2025, up from $0.68 in the prior year, marking a robust performance. Net income for the quarter reached $719 million, up 124.7% from $320 million a year earlier. The company has maintained profitability for seven consecutive years, reflecting a stable and resilient business model.

Price Action
Following the earnings release, the stock of Fox B experienced a 4.12% decline in a single trading day, with a further 2.42% drop over the subsequent week and a 3.28% pullback month-to-date, indicating short-term investor caution.

Post Earnings Price Action Review
A strategy of buying Fox B shares 30 days after the earnings report and selling 30 days later would have resulted in a -3.64% return, sharply underperforming the 49.50% benchmark return over the past three years. The negative compound annual growth rate (CAGR) of -1.26%, coupled with a Sharpe ratio of -0.08, suggests the strategy offered minimal upside with limited downside, reflecting a low-risk but unprofitable approach to the stock.

CEO Commentary
Lachlan Keith Murdoch, CEO of Fox Corporation, highlighted fiscal 2025 as an outstanding year, marked by record revenue growth of 17% to $16 billion, EBITDA growth of 26% to $3.6 billion, and adjusted EPS growth of 39% to $4.78. He praised the strong performance of FOX News, which saw a 25% increase in total viewers and 31% in the key demographic, maintaining over 60% share of the cable news audience. Murdoch pointed to the robust advertising environment driven by political and sports events and expressed optimism for fiscal 2026, citing the launch of FOX One and the FIFA World Cup as key growth drivers.

Guidance
While no formal quantitative guidance was provided for fiscal 2026, Murdoch and CFO Steven Silvester Tomsic outlined forward-looking expectations. The company anticipates sustained advertising demand, particularly in live sports and news. Digital initiatives, including Tubi and FOX One, are expected to enhance profitability and scale. Tomsic noted a digital investment envelope of approximately $350 million for fiscal 2026, with expansion in Latin America and the launch of FOX One as key priorities. While political advertising may decline, the FIFA World Cup and other sporting events are anticipated to drive strong advertising performance in the second half of fiscal 2026 and early fiscal 2027.

Additional News
On August 3, 2025, Fox News published a list of articles, including notable updates on Lachlan Keith Murdoch’s leadership and strategic direction. The company also announced a significant increase in its share repurchase program, boosting the authorized amount by $5 billion, reflecting confidence in its financial strength and long-term value. Additionally, Fox Corporation outlined a $350 million digital investment plan for fiscal 2026, with a focus on expanding Tubi and launching FOX One to better engage audiences across traditional and digital platforms. These moves underscore the company’s commitment to innovation and audience engagement, positioning it for continued growth in a competitive media landscape.