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Fox (FOXA) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed May 12, 2025
Fox (FOXA) reported revenue of $4.4B for the third quarter fiscal 2025 (Q3 FY25), +27% from a year earlier and -14% from the quarter before. Operating margin was 10.8%, net earnings $346M (7.9% of revenue).
Fox, Q3 FY25: revenue $4.4B (+27% year over year), operating margin 10.8%, net earnings $346M, operating cash flow $2.0B. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $4.4B | -14% | +27% |
| Operating profit | $474M | -8% | -51% |
| Net earnings | $346M | -7% | -48% |
| Operating cash flow | $2.0B | — | +37% |
| Free cash flow | $1.9B | — | +39% |
What changed
Revenue was $4.4B in Q3 FY25, up 27% year over year and down 14% from the previous quarter.
Operating profit was $0.47B, a 10.8% margin (down 17.0 points year over year). Operating profit fell $0.49B even though revenue rose $0.92B versus a year earlier, so costs grew faster than sales. Total costs grew 57% against revenue growth of 27%. The fastest-growing cost line was Other operating costs (+69%). Net earnings were $0.35B, down 48% year over year. The effective tax rate was 25.3%.
Operating cash flow was $2.0B (up 37% year over year), 569% of net income including minority interests. Non-cash charges added back $0.10B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $1.5B. Capital expenditures of $0.07B left free cash flow of $1.9B.
Questions
What was Fox's revenue in the third quarter fiscal 2025?
Fox (FOXA) reported revenue of $4.4B for the third quarter fiscal 2025 (Q3 FY25), +27% from a year earlier and -14% from the quarter before.
Was Fox profitable in the third quarter fiscal 2025?
Operating profit was $474M (10.8% of revenue) and net earnings $346M.
Source: Fox 10-Q on SEC EDGAR.