Fox (FOX) Q1 FY2025 earnings: revenue $3.6 billion, up 11.1% on the year
Fox Corp. (FOX) reported revenue of $3.6 billion for Q1 FY2025, the quarter ended 30 September 2024, up 11.1% on the same quarter a year earlier. Net income was $827 million, up 103.2% on the year, and diluted earnings per share $1.78. The figures are the company's own, from the 10-Q it filed with the SEC on 4 November 2024.
Revenue
$3.6 billion
+11.1% on the year · +15.3% on the quarter
Q2 FY2023Q1 FY2025
Operating margin
n/a
Q2 FY2023Q1 FY2025
Net income
$827 million
+103.2% on the year · +159.2% on the quarter
Q2 FY2023Q1 FY2025
Diluted EPS
$1.78
+117.1% on the year · +161.8% on the quarter
Q2 FY2023Q1 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q1 FY2025
Q4 FY2024
Q1 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
3,564
3,092
3,207
+15.3%
+11.1%
Selling, general and administrative
502
539
480
-6.9%
+4.6%
Interest expense
102
96.0
91.0
+6.2%
+12.1%
Pre-tax income
1,113
451
561
+146.8%
+98.4%
Income tax
281
131
146
+114.5%
+92.5%
Effective tax rate
25.2%
29.0%
26.0%
Net income
827
319
407
+159.2%
+103.2%
Net margin
23.2%
10.3%
12.7%
Diluted EPS
$1.78
$0.68
$0.82
+161.8%
+117.1%
$ million except per share. Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
Q1 FY2025
Q4 FY2024
Q1 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
158
899
1.0
-82.4%
+15,700.0%
Capital expenditure
64.0
112
71.0
-42.9%
-9.9%
Free cash flow
94.0
787
-70.0
-88.1%
Free cash flow margin
2.6%
25.5%
-2.2%
Cash from investing
-78.0
-128
-58.0
Cash from financing
-347
-243
-386
Depreciation and amortisation
91.0
98.0
96.0
-7.1%
-5.2%
Share-based compensation
34.0
21.0
24.0
+61.9%
+41.7%
Buybacks
250
250
250
0.0%
0.0%
Dividends paid
131
9.0
135
+1,355.6%
-3.0%
Diluted shares, weighted
464m
480m
494m
-3.3%
-6.1%
Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.
Balance sheet
$ million
Q1 FY2025
Q4 FY2024
Q1 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
11,276
10,714
10,384
+5.2%
+8.6%
Non-controlling interest
100
100
67.0
0.0%
+49.3%
Redeemable equity
202
242
228
-16.5%
-11.4%
Debt
7,199
7,197
7,212
+0.0%
-0.2%
Operating lease liabilities
861
879
907
-2.0%
-5.1%
Other liabilities
2,900
2,840
2,851
+2.1%
+1.7%
Total liabilities and equity
22,538
21,972
21,649
+2.6%
+4.1%
Fixed assets
1,685
1,696
1,683
-0.6%
+0.1%
Goodwill
3,547
3,544
3,557
+0.1%
-0.3%
Intangible assets
3,030
3,038
3,072
-0.3%
-1.4%
Investments
1,355
1,129
877
+20.0%
+54.5%
Cash and equivalents
4,052
4,319
3,829
-6.2%
+5.8%
Receivables
2,687
2,364
2,420
+13.7%
+11.0%
Inventory
795
626
751
+27.0%
+5.9%
Other assets
5,387
5,256
5,460
+2.5%
-1.3%
Total assets
22,538
21,972
21,649
+2.6%
+4.1%
Questions
What was Fox's revenue in Q1 FY2025?
Fox (FOX) reported revenue of $3.6 billion for Q1 FY2025, the quarter ended 30 September 2024, up 11.1% on the same quarter a year earlier.
How much did Fox earn in Q1 FY2025?
Net income for Q1 FY2025 was $827 million, up 103.2% on the year, and diluted earnings per share $1.78.
When did Fox report Q1 FY2025 results?
Fox filed its 10-Q for the quarter ended 30 September 2024 with the SEC on 4 November 2024.
Each quarter as filed, linked to its filing. Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.
10-Q for the period ended 30 September 2024, filed 4 November 2024: the filing.