Q3 2025 Fox Corp Earnings Call Transcript
Key Points
- Fox Corp (FOX) reported a 65% increase in total company advertising revenue, driven by the Super Bowl and strong engagement across platforms.
- The Super Bowl broadcast on Fox platforms attracted 128 million viewers, making it the most-watched telecast in US history.
- Fox News Channel achieved record audience share, with a 48% increase in total day audience and a 58% increase in the demo.
- Tubi experienced a 35% year-on-year revenue growth, with significant engagement and retention post-Super Bowl.
- Fox Corp (FOX) generated a record quarterly free cash flow of over $1.9 billion, demonstrating strong financial health.
- Net income attributable to Fox stockholders decreased to $346 million from $666 million in the prior year period.
- Quarterly adjusted EBITDA decreased to $856 million from $891 million in the prior year, due to higher sports rights amortization and production costs.
- Expenses at the television segment increased by 47%, driven by the Super Bowl broadcast and continued investment in Tubi.
- The company faces ongoing challenges with subscriber declines, although the rate of decline is improving.
- Fox Corp (FOX) is preparing for potential regulatory challenges, such as FCC considerations on capping reverse retrans.
Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation third quarter fiscal year 2025 earnings conference call. (Operator Instructions). As a reminder, this conference is being recorded.
I'll now turn the conference over to Chief Investor Relations Officer, Ms. Gabrielle Brown. Please go ahead, Ms. Brown.
Thank you, Pauly. Good morning and welcome to our fiscal 2025 third quarter earnings call. Joining me on the call today are Lachlan Murdoch, Executive Chair and Chief Executive Officer; John Nallen, Chief Operating Officer; and Steve Tomsic, our Chief Financial Officer. First, Lachlan and Steve will give some prepared remarks on the most recent quarter, and then we'll take questions from the investment community.
Please note that this call may include forward-looking statements regarding Fox Corporation's financial performance and operating results. These statements are based on management's current expectations, and actual
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