The chart below shows how FOX performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FOX sees a -5.94% change in stock price 10 days leading up to the earnings, and a +1.81% change 10 days following the report. On the earnings day itself, the stock moves by +4.09%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record EBITDA Growth: Fox Corporation reported a record EBITDA of $781 million for Q2 2025, more than doubling year-over-year, showcasing significant operational growth.
Q2 Revenue Surge: Total revenue for Q2 2025 reached just over $5 billion, reflecting a robust 20% increase compared to the previous year.
Affiliate Revenue Growth: Affiliate and advertising revenue growth contributed significantly to the financial results, indicating strong market performance and demand.
Increased Sports Viewership: The company experienced strong viewership across major sports events, including NFL, College football, and Major League Baseball postseason, enhancing advertising opportunities.
Audience Expansion Impact: Tubi continues to expand its audience, contributing positively to overall revenue and engagement metrics.
Negative
Net Income Decline: Fox Corporation reported a decline in net income, which fell to $300 million from $400 million year-over-year, indicating a 25% decrease in profitability.
Rising Operating Expenses: Operating expenses increased by 15% to $4.2 billion, outpacing revenue growth and raising concerns about cost management.
Advertising Revenue Decline: The company experienced a 10% drop in advertising revenue in the local stations segment, reflecting challenges in the advertising market.
Slower Customer Growth: Customer growth for Tubi was slower than anticipated, with only a 5% increase in active users compared to the previous quarter, falling short of growth targets.
Operating Income Decline: Segment operating income for Fox News decreased by 12% to $450 million, attributed to higher programming costs and competitive pressures.
Fox Corporation (NASDAQ:FOX) Q2 2025 Earnings Call Transcript
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