Fox Corporation Exceeds Expectations with Strong Q1 Results, Shares Rise

NEW YORK - Fox Corporation (NASDAQ: FOXA) announced that its first quarter results for the fiscal year 2025 exceeded expectations, leading to a 2.85% rise in the company’s shares during trading.

The media company reported an adjusted earnings per share of $1.45, surpassing analyst estimates of $1.13. Revenue totaled $3.56 billion, exceeding the consensus estimate of $3.38 billion and representing an 11% increase year-over-year.

Fox's strong performance stemmed from growth in key segments. Affiliate fee revenue rose by 6%; the Television segment increased by 10%, and Cable Network Programming was up by 3%. Advertising revenue jumped by 11%, supported by higher political ad spending on FOX Television Stations and continued growth on the streaming platform Tubi.

CEO Lachlan Murdoch stated, "We had a solid start across our portfolio for fiscal year 2025; we saw strong audience growth for FOX News, record political ad revenue company-wide, accelerating revenue growth from Tubi, and an impressive start to our fall sports calendar."

The company reported $1.05 billion in Adjusted EBITDA for the quarter, reflecting a 21% increase year-over-year.

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