Fox (FOX) Q2 FY2025 earnings: revenue $5.1 billion, up 19.9% on the year
Fox Corp. (FOX) reported revenue of $5.1 billion for Q2 FY2025, the quarter ended 31 December 2024, up 19.9% on the same quarter a year earlier. Net income was $373 million, up 242.2% on the year, and diluted earnings per share $0.81. The figures are the company's own, from the 10-Q it filed with the SEC on 4 February 2025.
Revenue
$5.1 billion
+19.9% on the year · +42.5% on the quarter
Q3 FY2023Q2 FY2025
Operating margin
n/a
Q3 FY2023Q2 FY2025
Net income
$373 million
+242.2% on the year · -54.9% on the quarter
Q3 FY2023Q2 FY2025
Diluted EPS
$0.81
+252.2% on the year · -54.5% on the quarter
Q3 FY2023Q2 FY2025
this quarterthe same quarter a year earlierHover a bar for its figure.
Income statement (profit and loss)
$ million
Q2 FY2025
Q1 FY2025
Q2 FY2024
On the quarter
On the year
Last 8 quarters
Revenue
5,078
3,564
4,234
+42.5%
+19.9%
Selling, general and administrative
525
502
495
+4.6%
+6.1%
Interest expense
117
102
119
+14.7%
-1.7%
Pre-tax income
515
1,113
131
-53.7%
+293.1%
Income tax
127
281
16.0
-54.8%
+693.8%
Effective tax rate
24.7%
25.2%
12.2%
Net income
373
827
109
-54.9%
+242.2%
Net margin
7.3%
23.2%
2.6%
Diluted EPS
$0.81
$1.78
$0.23
-54.5%
+252.2%
$ million except per share. Read moreFree 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
Q2 FY2025
Q1 FY2025
Q2 FY2024
On the quarter
On the year
Last 8 quarters
Operating cash flow
-362
158
-536
Capital expenditure
74.0
64.0
79.0
+15.6%
-6.3%
Free cash flow
-436
94.0
-615
Free cash flow margin
-8.6%
2.6%
-14.5%
Cash from investing
-162
-78.0
-85.0
Cash from financing
-206
-347
914
Depreciation and amortisation
97.0
91.0
97.0
+6.6%
0.0%
Share-based compensation
34.0
34.0
24.0
0.0%
+41.7%
Buybacks
250
250
250
0.0%
0.0%
Dividends paid
3.0
131
7.0
-97.7%
-57.1%
Diluted shares, weighted
462m
464m
482m
-0.4%
-4.1%
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
Q2 FY2025
Q1 FY2025
Q2 FY2024
On the quarter
On the year
Last 8 quarters
Shareholders' equity
11,495
11,276
10,252
+1.9%
+12.1%
Non-controlling interest
116
100
73.0
+16.0%
+58.9%
Redeemable equity
200
202
243
-1.0%
-17.7%
Debt
7,200
7,199
8,445
+0.0%
-14.7%
Operating lease liabilities
852
861
896
-1.0%
-4.9%
Other liabilities
3,159
2,900
2,937
+8.9%
+7.6%
Total liabilities and equity
23,022
22,538
22,846
+2.1%
+0.8%
Fixed assets
1,671
1,685
1,676
-0.8%
-0.3%
Goodwill
3,543
3,547
3,559
-0.1%
-0.4%
Intangible assets
3,020
3,030
3,061
-0.3%
-1.3%
Investments
1,517
1,355
838
+12.0%
+81.0%
Cash and equivalents
3,322
4,052
4,122
-18.0%
-19.4%
Receivables
3,492
2,687
3,001
+30.0%
+16.4%
Inventory
1,171
795
1,038
+47.3%
+12.8%
Other assets
5,286
5,387
5,551
-1.9%
-4.8%
Total assets
23,022
22,538
22,846
+2.1%
+0.8%
Questions
What was Fox's revenue in Q2 FY2025?
Fox (FOX) reported revenue of $5.1 billion for Q2 FY2025, the quarter ended 31 December 2024, up 19.9% on the same quarter a year earlier.
How much did Fox earn in Q2 FY2025?
Net income for Q2 FY2025 was $373 million, up 242.2% on the year, and diluted earnings per share $0.81.
When did Fox report Q2 FY2025 results?
Fox filed its 10-Q for the quarter ended 31 December 2024 with the SEC on 4 February 2025.
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 31 December 2024, filed 4 February 2025: the filing.