Revenue Growth - For the three months ended December 31, 2024, total revenues increased by $844 million or 20% compared to the same period in 2023, driven by higher affiliate fee, advertising, and other revenues [97]. - For the six months ended December 31, 2024, total revenues increased by $1.2 billion or 16% compared to the same period in 2023, with significant contributions from political advertising revenue [102]. - Total revenues increased by $844 million or 20% to $5,078 million for the three months ended December 31, 2024, compared to $4,234 million in 2023 [110]. - Total revenues for the six months ended December 31, 2024, increased by $1,201 million or 16% to $8,642 million compared to $7,441 million in 2023 [110]. Advertising Revenue - Advertising revenue rose by $420 million or 21% for the three months ended December 31, 2024, primarily due to the impact of the 2024 presidential elections and increased digital growth from the Tubi AVOD service [99]. - Television segment revenues increased by $419 million or 16% for the three months ended December 31, 2024, primarily due to higher advertising revenue from political advertising and sports programming [117]. Net Income - Net income for the three months ended December 31, 2024, increased by $273 million, reaching $388 million, compared to $115 million in the same period of 2023 [107]. - The increase in net income for the six months ended December 31, 2024, was $690 million, totaling $1.22 billion, compared to $530 million in the same period of 2023 [107]. - The company reported a net income of $388 million for the three months ended December 31, 2024, compared to $115 million in the same period of 2023, marking a year-over-year increase of 237.4% [128]. Operating Expenses - Operating expenses increased by $383 million or 11% for the three months ended December 31, 2024, mainly due to higher sports programming rights amortization and production costs [100]. - Selling, general and administrative expenses rose by $30 million or 6% for the three months ended December 31, 2024, attributed to higher employee and marketing costs [101]. - Operating expenses in the Cable Network Programming segment rose by $412 million or 44% due to increased sports programming rights and production costs [113]. EBITDA - Adjusted EBITDA surged by $431 million or 123% to $781 million for the three months ended December 31, 2024, compared to $350 million in 2023 [111]. - Adjusted EBITDA for the six months ended December 31, 2024, was $1,829 million, up from $1,219 million in the same period of 2023, reflecting a growth of 50.1% [128]. - Cable Network Programming segment EBITDA increased by $93 million or 16% for the three months ended December 31, 2024, attributed to revenue growth despite higher operating expenses [113]. - Television segment EBITDA improved by $343 million for the three months ended December 31, 2024, reflecting revenue increases offset by higher expenses [118]. Cash Flow and Investments - As of December 31, 2024, the company had approximately $3.3 billion in cash and cash equivalents, along with an unused $1.0 billion revolving credit facility [130]. - Net cash used in operating activities decreased to $204 million for the six months ended December 31, 2024, from $535 million in the same period of 2023, indicating improved operational efficiency [134]. - Net cash used in investing activities increased to $240 million for the six months ended December 31, 2024, compared to $143 million in the same period of 2023, primarily due to increased investments [135]. - The company experienced a net cash outflow of $553 million from financing activities for the six months ended December 31, 2024, compared to a net inflow of $528 million in the same period of 2023, largely due to the issuance of $1.25 billion in senior notes [136]. Dividends and Acquisitions - The company declared a semi-annual dividend of $0.27 per share, payable on March 26, 2025, with a record date of March 5, 2025 [137]. - The company is actively evaluating potential acquisitions and dispositions of certain businesses and assets, which may involve significant cash or securities [133].

Financial Performance - Fox Corporation reported total quarterly revenues of $5.08 billion, an increase of $844 million or 20% year-over-year[3]. - Net income for the quarter was $388 million, compared to $115 million in the prior year quarter, representing a significant increase[4]. - Adjusted EBITDA reached $781 million, an increase of $431 million or 123% from the prior year quarter[4]. - Advertising revenues rose by 21% to $2.42 billion, primarily due to higher political advertising and increased digital growth from the Tubi AVOD service[3]. - Other revenues surged by 70% to $756 million, mainly due to higher sports sublicensing revenues[3]. - Adjusted Net Income for the quarter was $442 million, with an Adjusted EPS of $0.96, up from $165 million and $0.34 in the prior year[28]. - Adjusted EBITDA for the three months ended December 31, 2024, was $781 million, compared to $350 million for the same period in 2023, representing a significant increase of 123.4%[34]. Revenue Breakdown - Affiliate fee revenues increased by 6% to $1.9 billion, driven by 9% growth in the Television segment and 4% growth in the Cable Network Programming segment[3]. - The Cable Network Programming segment reported revenues of $2.17 billion, an increase of $507 million or 31% year-over-year[8]. - The Television segment generated revenues of $2.96 billion, an increase of $419 million or 16% from the prior year quarter[12]. Shareholder Returns - The company declared a dividend of $0.27 per Class A and Class B share, payable on March 26, 2025[15]. - As of December 31, 2024, Fox Corporation repurchased approximately $5.1 billion of its Class A common stock and $1 billion of its Class B common stock, with a remaining authorization of $900 million[15]. - The company engaged in share repurchases amounting to $500 million during the six months ended December 31, 2024[24]. Assets and Liabilities - Total assets increased to $23,022 million as of December 31, 2024, compared to $21,972 million as of June 30, 2024, reflecting a growth of approximately 4.8%[22]. - Cash and cash equivalents decreased to $3,322 million from $4,319 million, marking a decline of about 23.1%[24]. - Total current liabilities rose to $3,297 million as of December 31, 2024, compared to $2,952 million as of June 30, 2024, indicating an increase of approximately 11.7%[22]. - The company reported a net decrease in cash and cash equivalents of $997 million for the six months ended December 31, 2024[24]. - The company’s retained earnings increased to $3,949 million as of December 31, 2024, up from $3,139 million as of June 30, 2024[22]. Cash Flow - Net cash used in operating activities for the six months ended December 31, 2024, was $(204) million, an improvement from $(535) million in the same period of 2023[24].

Group 1 - Fox Corporation will discuss its second quarter fiscal 2025 financial results via a live audio webcast on February 4, 2025, at 8:30 a.m. ET [1] - The financial results will be released at approximately 8:00 a.m. ET on the same day [1] - A live audio webcast of the presentation and the archived version will be available on the company's investor relations website [1] Group 2 - Fox Corporation produces and distributes news, sports, and entertainment content through brands such as FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi Media Group [2] - The company holds cultural significance with consumers and commercial importance for distributors and advertisers [2] - Fox Corporation aims to leverage its strengths and invest in new initiatives to enhance its content offerings and consumer relationships [2]

Core Viewpoint - FOX News Media is implementing significant programming changes across its networks, including the introduction of The Will Cain Show in the 4 PM/ET timeslot on FOX News Channel, aimed at enhancing viewer engagement and adapting to the evolving media landscape [1][2]. Programming Changes - Will Cain will take over the 4 PM/ET weekday timeslot on FOX News Channel starting January 21, 2025, with The Will Cain Show [1]. - The FOX Report will expand to two hours from 3 PM to 5 PM/ET on Saturdays and Sundays beginning January 18, 2025 [2]. - The Big Weekend Show will also expand to two hours from 6 PM to 8 PM/ET on weekends starting January 18, 2025 [2]. FOX Business Network Updates - Dagen McDowell will join The Big Money Show, which will expand to two hours from 12 PM to 2 PM/ET on weekdays starting January 27, 2025 [3]. Background on Will Cain - Will Cain has been with FOX News since August 2020, co-hosting FOX & Friends Weekend and interviewing various high-profile guests [4]. - Prior to FOX News, Cain had a diverse career in media, including roles at ESPN and CNN, and has been recognized for his contributions to the media industry [5]. Company Overview - FOX News Media operates multiple platforms, including FOX News Channel, FOX Business Network, and FOX News Digital, reaching nearly 200 million people each month [5]. - FOX News Channel has been the most watched television news channel for over 22 consecutive years, while FOX Business Network is the leading business channel on cable [5].

Core Insights - Rupert Murdoch has sold a significant portion of his stake in Fox Corporation, totaling approximately $44.2 million, amidst ongoing discussions about his succession plan [3][5][10] - The sale involved over a million shares of FOXA stock, with the first transaction at $46.22 per share and the second at $46.07 per share [5][10] - Despite the sale, Fox Corporation remains in a strong position, with recent earnings exceeding expectations and its streaming platform, Tubi, on track for over $1 billion in revenue [10] Company Overview - Rupert Murdoch's media empire includes major outlets such as The Wall Street Journal, Fox News, and The New York Post, which have been influential in shaping modern journalism and entertainment [2][3] - Through News Corp and Fox Corporation, Murdoch continues to play a vital role in the media landscape, although he is reducing his direct stake in Fox Corporation [3][10] Stock Performance - The recent sale of FOXA shares was executed at prices that were 12% to 43.04% below the current stock price of $46.15, indicating a strategic decision possibly influenced by market conditions [8][10] - Fox shares have experienced a rally of 34.04% over the last six months, contributing to a year-to-date return of 52.61% [8][10] Market Position - The performance of Fox Corporation is bolstered by its successful Q1 2025 earnings call, which surpassed both earnings and revenue expectations [10] - The rise of competitors like Elon Musk's X and Trump's Truth Social poses challenges to legacy media companies, yet Fox remains a significant player in American political discourse [10]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38776 FOX CORPORATION (Exact name of registrant as specified in its charter) Delaware 83-1825597 (State ...

Exhibit 99.1 EARNINGS RELEASE FOR THE QUARTER ENDED SEPTEMBER 30, 2024 FOX REPORTS FIRST QUARTER FISCAL 2025 REVENUES OF $3.56 BILLION, NET INCOME OF $832 MILLION, AND ADJUSTED EBITDA OF $1.05 BILLION NEW YORK, NY, November 4, 2024 – Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended September 30, 2024. The Company reported total quarterly revenues of $3.56 billion, an increase of $357 million or 11% from the amount reported in the prior y ...

Tom Yeung here with this week’s Sunday Digest. In 1934, news magnate Charles E. Marsh was already a wealthy man. The 47-year-old media mogul had spent his career buying up small newspapers, and his keen eye for mergers and acquisitions (particularly in Texas) had made him a millionaire. But when it came to Texas’s booming oil market, he knew rather little. So, rather than chance it on his own, Marsh put his money behind Sid Richardson, a previously successful oil wildcatter who had fallen on hard times duri ...

Kincora Copper Announces Mongolian Earn-In Finalised with Drilling to CommenceSeptember 30, 2024 5:30 AM EDT | Source: Kincora Copper LimitedFinal documents executed and shareholder approvals gained for an earn-in and joint venture agreement for Kincora's Mongolian assets with Woomera Mining Limited (ASX: WML) (Woomera) Woomera to now commence an aggressive initial drilling program at the Bronze Fox copper-gold project including testing the potential for a shallower higher-grade structural zon ...

Calgary, Alberta--(Newsfile Corp. - September 25, 2024) - Copper Fox Metals Inc. (TSXV: CUU) (OTCQX: CPFXF) ("Copper Fox" or the "Company") is pleased to announce that its unaudited interim consolidated July 31, 2024, financial statements have been filed on SEDAR+. For the nine months ended July 31, 2024, Copper Fox had a net loss of $826,730 (July 31, 2023 - $882,395) which equated to $0.00 loss per share (July 31, 2023 - $0.00 loss per share). As of the date of the MD&A, September 24, 2024, the Company's ...