Form 8-K

8-K — Fox Corp

Accession: 0001628280-26-053892

Filed: 2026-08-06

Period: 2026-08-06

CIK: 0001754301

SIC: 4833 (TELEVISION BROADCASTING STATIONS)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — fox-20260806.htm (Primary)

EX-99.1 (foxq42026earningsrelease.htm)

GRAPHIC (image_0.jpg)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: fox-20260806.htm · Sequence: 1

fox-20260806

0001754301FALSE00017543012026-08-062026-08-060001754301us-gaap:CommonClassAMember2026-08-062026-08-060001754301us-gaap:CommonClassBMember2026-08-062026-08-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT

(DATE OF EARLIEST EVENT REPORTED)

August 6, 2026

Fox Corporation

(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

Delaware 001-38776 83-1825597

(STATE OR OTHER JURISDICTION

OF INCORPORATION)

(COMMISSION

FILE NO.)

(IRS EMPLOYER

IDENTIFICATION NO.)

1211 Avenue of the Americas, New York, New York 10036

(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES, INCLUDING ZIP CODE)

(212) 852-7000

(REGISTRANT’S TELEPHONE NUMBER, INCLUDING AREA CODE)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbols

Name of Each Exchange

on Which Registered

Class A Common Stock, par value $0.01 per share FOXA The Nasdaq Global Select Market

Class B Common Stock, par value $0.01 per share FOX The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On August 6, 2026, Fox Corporation (the “Company”) released its financial results for the quarter and fiscal year ended June 30, 2026. A copy of the Company’s press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

The information in this report shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Number

Description

99.1

Press release issued by Fox Corporation, dated August 6, 2026, announcing Fox Corporation’s financial results for the quarter and fiscal year ended June 30, 2026.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

FOX CORPORATION

By: /s/ Adam G. Ciongoli

Name: Adam G. Ciongoli

Title: Chief Legal and Policy Officer

August 6, 2026

EX-99.1

Filename: foxq42026earningsrelease.htm · Sequence: 2

Document

Exhibit 99.1

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

FOX REPORTS FOURTH QUARTER FISCAL 2026

REVENUE OF $4.21 BILLION,

NET INCOME OF $696 MILLION, AND

ADJUSTED EBITDA OF $1.20 BILLION

FOX REPORTS FULL YEAR FISCAL 2026

REVENUE OF $17.13 BILLION,

NET INCOME OF $1.73 BILLION, AND

ADJUSTED EBITDA OF $3.91 BILLION

NEW YORK, NY, August 6, 2026 – Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company”) today reported financial results for the three and twelve months ended June 30, 2026.

Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said:

“Fiscal 2026 was an exceptional year for FOX, capped by our broadcast of a remarkable FIFA Men's World Cup. We successfully launched our direct-to-consumer streaming service, FOX One, continued to keep America informed across a dynamic news cycle, enhanced Tubi's position as a leading streaming service, and announced the acquisition of Roku which will transform the scope and growth profile of our company. Financially, these milestones were underpinned by the delivery of record top-line revenue which converted into record EBITDA. With strong momentum across our portfolio, we enter fiscal 2027 exceptionally well positioned to drive sustained growth and long-term shareholder value."

FOURTH QUARTER COMPANY RESULTS

The Company reported total quarterly revenue of $4.21 billion, an increase of $925 million or 28% from the amount reported in the prior year quarter. Distribution revenue increased 5%, driven by 7% growth at the Cable Network Programming segment. Advertising revenue increased 78%, primarily due to the current year broadcast of the FIFA Men’s World Cup (“World Cup”), and continued digital growth led by the Tubi AVOD service. Content and other revenue was $262 million as compared to the $269 million reported in the prior year quarter, primarily due to the timing of sports sublicensing revenue.

The Company reported quarterly net income of $696 million as compared to the $719 million reported in the prior year quarter. Net income attributable to Fox Corporation stockholders was $691 million ($1.61 per share) as compared to the $717 million ($1.57 per share) reported in the prior year quarter. Adjusted net income attributable to Fox Corporation stockholders1 was $765 million ($1.79 per share) as compared to the $581 million ($1.27 per share) reported in the prior year quarter.

Quarterly Adjusted EBITDA2 was $1.20 billion, an increase of $256 million or 27% from the amount reported in the prior year quarter, as the revenue increase noted above was partially offset by higher expenses. The increase in expenses was primarily due to higher sports programming rights amortization and production costs, led by the current year broadcast of the World Cup, and costs associated with the launch of FOX One.

1 Excludes net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity earnings (losses) of affiliates, Non-operating other, net, Tax provision and Noncontrolling interest adjustments. See Note 1 for a description of adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders, which are considered non-GAAP financial measures, and a reconciliation of reported net income attributable to Fox Corporation stockholders and earnings per share attributable to Fox Corporation stockholders to adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders.

2 Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted

EBITDA.

Page 1

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

FULL YEAR COMPANY RESULTS

The Company reported total full year revenue of $17.13 billion, an increase of $826 million or 5% from the amount reported in the prior year. Distribution revenue increased 4%, driven by 5% growth at the Cable Network Programming segment. Advertising revenue increased 7%, primarily due to the current year broadcast of the World Cup and continued digital growth led by the Tubi AVOD service, partially offset by the absence of the prior year broadcast of Super Bowl LIX and lower political advertising revenue. Content and other revenue increased 4%, primarily due to higher sports sublicensing revenue.

The Company reported full year net income of $1.73 billion as compared to the $2.29 billion reported in the prior year. Net Income attributable to Fox Corporation stockholders was $1.69 billion ($3.84 per share) as compared to the $2.26 billion ($4.91 per share) reported in the prior year. Adjusted net income attributable to Fox Corporation stockholders was $2.38 billion ($5.42 per share) as compared to the $2.20 billion ($4.78 per share) reported in the prior year.

Full year Adjusted EBITDA was $3.91 billion, an increase of $282 million or 8% from the amount reported in the prior year, as the revenue increase noted above was partially offset by higher expenses. The increase in expenses was primarily due to costs associated with the launch of FOX One and higher digital content costs.

Page 2

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

REVIEW OF OPERATING RESULTS

Three Months Ended June 30, Twelve Months Ended June 30,

2026 2025 2026 2025

$ Millions

Revenues by Component:

Distribution3 $ 2,034 $ 1,940 $ 8,058 $ 7,780

Advertising 1,916 1,078 7,339 6,865

Content and Other 262 269 1,729 1,655

Total revenues $ 4,212 $ 3,287 $ 17,126 $ 16,300

Segment Revenues:

Cable Network Programming $ 1,670 $ 1,532 $ 7,348 $ 6,930

Television 2,482 1,707 9,666 9,325

Corporate and Other 161 63 526 244

Eliminations (101) (15) (414) (199)

Total revenues $ 4,212 $ 3,287 $ 17,126 $ 16,300

Adjusted EBITDA:

Cable Network Programming $ 728 $ 747 $ 3,099 $ 3,030

Television 705 308 1,438 945

Corporate and Other (238) (116) (631) (351)

Adjusted EBITDA4 $ 1,195 $ 939 $ 3,906 $ 3,624

Depreciation and amortization:

Cable Network Programming $ 27 $ 25 $ 105 $ 94

Television 34 32 126 119

Corporate and Other 50 45 179 172

Total depreciation and amortization $ 111 $ 102 $ 410 $ 385

3 The Company generates distribution revenue from agreements with MVPDs for cable network programming and retransmission fees for the broadcast of the Company’s owned and operated television stations and from subscription fees for the Company’s direct-to-consumer streaming services. In addition, the Company generates distribution revenue from agreements with independently owned television stations that are affiliated with the FOX Network. Prior period amounts have been reclassified to conform to the current presentation.

4 Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.

Page 3

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

CABLE NETWORK PROGRAMMING

Three Months Ended June 30, Twelve Months Ended June 30,

2026 2025 2026 2025

$ Millions

Revenues

Distribution $ 1,176 $ 1,100 $ 4,662 $ 4,440

Advertising 461 378 1,687 1,531

Content and Other 33 54 999 959

Total revenues 1,670 1,532 7,348 6,930

Operating expenses (731) (618) (3,562) (3,275)

Selling, general and administrative (211) (168) (687) (635)

Amortization of cable distribution investments — 1 — 10

Segment EBITDA $ 728 $ 747 $ 3,099 $ 3,030

Three Months Ended June 30, 2026

Cable Network Programming reported quarterly segment revenue of $1.67 billion, an increase of $138 million or 9% from the amount reported in the prior year quarter. Distribution revenue increased $76 million or 7% as contractual price increases were partially offset by the impact of net subscriber declines. Advertising revenue increased $83 million or 22%, primarily due to the current year broadcast of the World Cup. Content and other revenue was $33 million as compared to the $54 million reported in the prior year quarter, primarily due to the timing of sports sublicensing revenue.

Cable Network Programming reported quarterly segment EBITDA of $728 million as compared to the $747 million reported in the prior year quarter, as the revenue increase noted above was more than offset by higher expenses. The increase in expenses was primarily due to higher sports programming rights amortization and production costs, led by the current year broadcast of the World Cup.

Twelve Months Ended June 30, 2026

Cable Network Programming reported full year segment revenue of $7.35 billion, an increase of $418 million or 6% from the amount reported in the prior year. Distribution revenue increased $222 million or 5%, as contractual price increases were partially offset by the impact of net subscriber declines. Advertising revenue increased $156 million or 10%, primarily due to higher news and sports pricing and the current year broadcast of the World Cup, partially offset by lower ratings. Content and other revenue increased $40 million or 4%, primarily due to higher sports sublicensing revenue.

Cable Network Programming reported full year segment EBITDA of $3.10 billion, an increase of $69 million or 2% from the amount reported in the prior year, as the revenue increase noted above was partially offset by higher expenses. The increase in expenses was primarily due to higher sports programming rights amortization and production costs.

Page 4

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

TELEVISION

Three Months Ended June 30, Twelve Months Ended June 30,

2026 2025 2026 2025

$ Millions

Revenues

Advertising $ 1,455 $ 700 $ 5,652 $ 5,334

Distribution 836 840 3,346 3,340

Content and Other 191 167 668 651

Total revenues 2,482 1,707 9,666 9,325

Operating expenses (1,459) (1,117) (7,101) (7,308)

Selling, general and administrative (318) (282) (1,127) (1,072)

Segment EBITDA $ 705 $ 308 $ 1,438 $ 945

Three Months Ended June 30, 2026

Television reported quarterly segment revenue of $2.48 billion, an increase of $775 million or 45% from the amount reported in the prior year quarter. Advertising revenue increased $755 million or 108%, primarily due to the current year broadcast of the World Cup, continued digital growth led by the Tubi AVOD service and higher political advertising revenue at the FOX Television Stations. Distribution revenue was essentially unchanged from the prior year quarter. Content and other revenue increased $24 million or 14%, primarily due to higher entertainment content revenue.

Television reported quarterly segment EBITDA of $705 million, an increase of $397 million or 129% from the amount reported in the prior year quarter, as the revenue increase noted above was partially offset by higher expenses. The increase in expenses was primarily due to higher sports programming rights amortization and production costs, led by the current year broadcast of the World Cup.

Twelve Months Ended June 30, 2026

Television reported full year segment revenue of $9.67 billion, an increase of $341 million or 4% from the amount reported in the prior year. Advertising revenue increased $318 million or 6%, primarily due the current year broadcast of the World Cup and continued digital growth led by the Tubi AVOD service, partially offset by the absence of the prior year broadcast of Super Bowl LIX and lower political advertising revenue. Distribution revenue was essentially unchanged from the prior year, as higher average rates at the Company's owned and operated television stations and increases in fees from third-party FOX affiliates were partially offset by the net impact of subscriber declines. Content and other revenue increased $17 million or 3%, primarily due to higher digital content revenue.

Television reported full year segment EBITDA of $1.44 billion, an increase of $493 million or 52% from the amount reported in the prior year, due to the revenue increase noted above and lower expenses. The decrease in expenses was primarily driven by lower sports programming rights amortization partially offset by higher digital content costs.

Page 5

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

DIVIDEND

The Company’s Board of Directors has authorized an increase in the Company’s semi-annual dividend and has declared a dividend of $0.29 per Class A and Class B share. This dividend is payable on September 23, 2026 with a record date for determining dividend entitlements of September 02, 2026.

SHARE REPURCHASE PROGRAM

As of June 30, 2026, the Company has cumulatively repurchased approximately $6.7 billion of its Class A common stock and approximately $1.9 billion of its Class B common stock, with a remaining authorization of $3.4 billion. During the quarter, the Company repurchased approximately $50 million of its Class A common stock and $50 million of its Class B common stock.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding the Roku transaction. Words such as “may,” “will,” “could,” “should,” “would,” “likely,” “anticipates,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “outlook” and similar expressions are used to identify these forward-looking statements. These statements are based on management’s current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to the impact of the Roku transaction and related risks, changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company’s businesses. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the Securities and Exchange Commission, including the Company’s Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as well as in the joint proxy statement/prospectus that will be included in the registration statement on Form S-4 that will be filed with the SEC in connection with the Roku transaction.

Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company’s expectations, except as required by law.

To access a copy of this press release through the Internet, access Fox Corporation’s corporate website located at http://www.foxcorporation.com.

CONTACTS

Gabrielle Brown, Investor Relations Brian Nick, Press Inquiries

212-852-7720 310-369-3545

Charlie Costanzo, Investor Relations Lauren Townsend, Press Inquiries

212-852-7908 310-369-2729

Page 6

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended June 30, Twelve Months Ended June 30,

2026 2025 2026 2025

$ Millions, except per share amounts

Revenues $ 4,212 $ 3,287 $ 17,126 $ 16,300

Operating expenses (2,380) (1,759) (10,853) (10,518)

Selling, general and administrative (637) (590) (2,367) (2,168)

Depreciation and amortization (111) (102) (410) (385)

Restructuring, impairment and other corporate matters (113) (99) (151) (350)

Equity losses of affiliates (2) (18) (20) (29)

Interest expense, net (60) (42) (274) (227)

Non-operating other, net

12 282 (773) 438

Income before income tax expense 921 959 2,278 3,061

Income tax expense (225) (240) (551) (768)

Net income 696 719 1,727 2,293

Less: Net income attributable to noncontrolling interests (5) (2) (42) (30)

Net income attributable to Fox Corporation stockholders $ 691 $ 717 $ 1,685 $ 2,263

Weighted average shares: 428 457 439 461

Net income attributable to Fox Corporation stockholders per share: $ 1.61 $ 1.57 $ 3.84 $ 4.91

Page 7

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

CONSOLIDATED BALANCE SHEETS

June 30, 2026 June 30, 2025

$ Millions

Assets:

Current assets:

Cash and cash equivalents $ 4,205 $ 5,351

Receivables, net 3,455 2,472

Inventories, net 487 432

Other 306 174

Total current assets 8,453 8,429

Non-current assets:

Property and equipment, net 1,842 1,705

Intangible assets, net 2,870 2,969

Goodwill 3,647 3,639

Deferred tax assets 2,443 2,721

Other non-current assets 3,227 3,732

Total assets $ 22,482 $ 23,195

Liabilities and Equity:

Current liabilities:

Accounts payable, accrued expenses and other current liabilities $ 2,667 $ 2,897

Total current liabilities 2,667 2,897

Non-current liabilities:

Borrowings 6,606 6,602

Other liabilities 1,395 1,341

Redeemable noncontrolling interests 86 288

Commitments and contingencies

Equity:

Class A common stock, $0.01 par value 2 2

Class B common stock, $0.01 par value 2 2

Additional paid-in capital 7,274 7,603

Retained earnings 4,457 4,479

Accumulated other comprehensive loss (107) (124)

Total Fox Corporation stockholders’ equity 11,628 11,962

Noncontrolling interests 100 105

Total equity 11,728 12,067

Total liabilities and equity $ 22,482 $ 23,195

Page 8

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

CONSOLIDATED STATEMENTS OF CASH FLOWS

Twelve Months Ended June 30,

2026 2025

$ Millions

OPERATING ACTIVITIES:

Net income $ 1,727 $ 2,293

Adjustments to reconcile net income to net cash provided by operating activities

Depreciation and amortization 410 385

Restructuring, impairment and other corporate matters 151 267

Equity-based compensation 132 135

Equity losses of affiliates 20 29

Cash distributions received from affiliates 32 13

Non-operating other, net 773 (438)

Deferred income taxes 271 164

Change in operating assets and liabilities, net of acquisitions and dispositions

Receivables and other assets (1,055) (85)

Inventories net of programming payable (493) 521

Accounts payable and accrued expenses 66 89

Other changes, net (64) (49)

Net cash provided by operating activities 1,970 3,324

INVESTING ACTIVITIES:

Property and equipment (502) (331)

Purchase of investments (178) (79)

Acquisitions, net of cash acquired (8) (97)

Other investing activities, net (17) (30)

Net cash used in investing activities (705) (537)

FINANCING ACTIVITIES:

Repurchase of shares (2,000) (1,000)

Dividends paid and distributions (287) (277)

Purchase of noncontrolling interest (208) —

Repayment of borrowings — (600)

Other financing activities, net 84 122

Net cash used in financing activities (2,411) (1,755)

Net (decrease) increase in cash and cash equivalents (1,146) 1,032

Cash and cash equivalents, beginning of year 5,351 4,319

Cash and cash equivalents, end of year $ 4,205 $ 5,351

Page 9

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

NOTE 1 – ADJUSTED NET INCOME AND ADJUSTED EPS

The Company uses net income attributable to Fox Corporation stockholders and earnings per share (“EPS”) attributable to Fox Corporation stockholders excluding net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity earnings (losses) of affiliates, Non-operating other, net, Tax provisions and Noncontrolling interest adjustments (“Adjusted Net Income” and “Adjusted EPS” respectively) to evaluate the performance of the Company’s operations exclusive of certain items that impact the comparability of results from period to period.

Adjusted Net Income and Adjusted EPS may not be comparable to similarly titled measures reported by other companies. Adjusted Net Income and Adjusted EPS are not measures of performance under GAAP and should be considered in addition to, and not as substitutes for, net income attributable to Fox Corporation stockholders and EPS as reported in accordance with GAAP. However, management uses these measures in comparing the Company’s historical performance and believes that they provide meaningful and comparable information to management, investors and equity analysts to assist in their analysis of the Company’s performance relative to prior periods and the Company’s competitors.

The following table reconciles net income attributable to Fox Corporation stockholders and EPS attributable to Fox Corporation stockholders to Adjusted Net Income and Adjusted EPS for the three months ended June 30, 2026 and 2025:

Three Months Ended

June 30, 2026 June 30, 2025

Income EPS Income EPS

$ Millions, except per share data

Net income attributable to Fox Corporation stockholders $ 691 $ 1.61 $ 717 $ 1.57

Restructuring, impairment and other corporate matters 113 0.26 99 0.22

Non-operating other, net (12) (0.03) (282) (0.62)

Tax provision (27) (0.06) 47 0.10

Rounding — 0.01 — —

As adjusted $ 765 $ 1.79 $ 581 $ 1.27

Page 10

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

Twelve Months Ended

June 30, 2026 June 30, 2025

Income EPS Income EPS

$ Millions, except per share data

Net income attributable to Fox Corporation stockholders $ 1,685 $ 3.84 $ 2,263 $ 4.91

Restructuring, impairment and other corporate matters 151 0.34 350 0.76

Non-operating other, net 773 1.76 (438) (0.95)

Tax provision (229) (0.52) 27 0.06

Noncontrolling interest adjustment 1 — — —

As adjusted $ 2,381 $ 5.42 $ 2,202 $ 4.78

Page 11

EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2026

NOTE 2 – ADJUSTED EBITDA

Adjusted EBITDA is defined as Revenues less Operating expenses and Selling, general and administrative expenses. Adjusted EBITDA does not include: Depreciation and amortization, Restructuring, impairment and other corporate matters, Equity earnings (losses) of affiliates, Interest expense, net, Non-operating other, net and Income tax expense. Effective July 1, 2025, the Company no longer removes the impact of amortization of cable distribution investments when calculating Adjusted EBITDA. Prior periods were not restated as the impact of the change is immaterial to the calculation.

Management believes that information about Adjusted EBITDA assists all users of the Company’s Unaudited Consolidated Financial Statements by allowing them to evaluate changes in the operating results of the Company’s portfolio of businesses separate from non-operational factors that affect Net income, thus providing insight into both operations and the other factors that affect reported results. Adjusted EBITDA provides management, investors and equity analysts a measure to analyze the operating performance of the Company’s business and its enterprise value against historical data and competitors’ data, although historical results, including Adjusted EBITDA, may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

Adjusted EBITDA is considered a non-GAAP financial measure and should be considered in addition to, not as a substitute for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment charges, which are significant components in assessing the Company’s financial performance. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

The following table reconciles net income to Adjusted EBITDA for the three and twelve months ended June 30, 2026:

Three Months Ended June 30, Twelve Months Ended June 30,

2026 2025 2026 2025

$ Millions

Net income $ 696 $ 719 $ 1,727 $ 2,293

Add:

Amortization of cable distribution investments — 1 — 10

Depreciation and amortization 111 102 410 385

Restructuring, impairment and other corporate matters 113 99 151 350

Equity losses of affiliates 2 18 20 29

Interest expense, net 60 42 274 227

Non-operating other, net (12) (282) 773 (438)

Income tax expense 225 240 551 768

Adjusted EBITDA $ 1,195 $ 939 $ 3,906 $ 3,624

Page 12

GRAPHIC

Filename: image_0.jpg · Sequence: 7

Binary file (164836 bytes)

Download image_0.jpg

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 9

v3.26.1

Cover

Aug. 06, 2026

Document Information [Line Items]

Entity Registrant Name

Fox Corporation

Amendment Flag

false

Entity Central Index Key

0001754301

Document Type

8-K

Document Period End Date

Aug. 06, 2026

Entity Incorporation, State or Country Code

Entity File Number

001-38776

Entity Tax Identification Number

83-1825597

Entity Address, Address Line One

1211 Avenue of the Americas

Entity Address, City or Town

New York

Entity Address, State or Province

Entity Address, Postal Zip Code

10036

City Area Code

212

Local Phone Number

852-7000

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Entity Emerging Growth Company

false

Entity Addresses [Line Items]

Entity Address, Address Line One

1211 Avenue of the Americas

Common Class A

Document Information [Line Items]

Title of 12(b) Security

Class A Common Stock, par value $0.01 per share

Trading Symbol

FOXA

Security Exchange Name

NASDAQ

Common Class B

Document Information [Line Items]

Title of 12(b) Security

Class B Common Stock, par value $0.01 per share

Trading Symbol

FOX

Security Exchange Name

NASDAQ

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_DocumentInformationLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressesLineItems

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassAMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type:

- Details

Name:

us-gaap_StatementClassOfStockAxis=us-gaap_CommonClassBMember

Namespace Prefix:

Data Type:

Balance Type:

Period Type: