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

Fox B (FOX) reported its fiscal 2025 Q4 earnings on Aug 6, 2025, delivering strong results that exceeded expectations. The company reported a 124.7% year-over-year increase in net income and a 130.9% rise in EPS, indicating improved profitability. These results reflect the company’s ongoing strategic investments in live sports and digital streaming, as well as the continued strength of Fox News Channel and Tubi.

Revenue

Fox B's revenue for the quarter rose to $3.29 billion, a 6.3% increase compared to $3.09 billion in the same period last year. The company's performance was driven by robust advertising and affiliate fee income. Cable Network Programming generated $1.53 billion, while Television revenue totaled $1.71 billion. Advertising revenue was split between the Television segment ($700 million) and Cable Network Programming ($378 million). Affiliate fees amounted to $1.07 billion in the Cable Network Programming segment and $840 million in Television. Other revenue sources included $86 million in the Cable segment and $167 million in Television, with an additional $63 million from Corporate and Other, and a $15 million elimination entry.

Earnings/Net Income

Fox B's net income surged 124.7% year-over-year to $719 million, with EPS increasing by 130.9% to $1.57 from $0.68. This marked the seventh consecutive year of profitability for the company in this quarter, underscoring the stability and strength of its business model.

Price Action

The stock price of Fox B declined 4.12% on the latest trading day, 2.42% for the week, and 3.28% month-to-date. Despite the post-earnings drop, historical performance suggests potential for a rebound.

Post-Earnings Price Action Review

A strategy of purchasing Fox B shares 30 days after the earnings report and holding for 30 days historically returned 78.12%, slightly outperforming the 77.95% benchmark. The strategy had no drawdown, but it carried a Sharpe ratio of 0.46 and a volatility of 28.45%, indicating moderate risk-adjusted returns.

CEO Commentary

CEO Rupert Murdoch highlighted the company’s record-breaking advertising revenue from the Super Bowl LIX, which brought in over $800 million and attracted 128 million viewers. Fox News Channel saw a 48% increase in total day audience and a 58% rise in the key demo, while Tubi experienced 35% year-on-year revenue growth. Murdoch acknowledged rising expenses and a decline in net income but remained optimistic about Fox’s strong financial position and strategic investments.

Guidance

Murdoch outlined forward-looking expectations, including a 65% year-over-year increase in total advertising revenue driven by major events and continued momentum in live sports. He also highlighted sustained growth in Fox News and Tubi, with Tubi projecting strong engagement post-Super Bowl. The company expects a 27% increase in total revenue and record free cash flow of over $1.9 billion for the quarter.

Additional News

The Trump administration has intensified its focus on tariff negotiations and economic policy ahead of the 2026 Midterm Elections, with a strong emphasis on stabilizing the U.S. economy. On August 4, 2025, President Trump was highlighted in a FOX News podcast as being unwavering in his commitment to enforcing tariffs. The administration's policies are being closely watched by small business leaders and political strategists, with figures like Marcus Lemonis of FOX Business endorsing the strategy as beneficial for American entrepreneurs. The ongoing debate over jobs data, interest rates, and trade policy remains central to the national economic conversation, with both parties preparing for key political races.