FOXMEDIUM SIGNALFINANCIAL10-K

FOX delivered exceptional financial performance with net income surging 51% to $2.3B and operating cash flow jumping 81% to $3.3B, while also expanding its content library and optimizing its broadcast station portfolio.

The substantial increases in profitability and cash generation suggest FOX's business model is firing on all cylinders, likely driven by strong advertising revenues and content performance. The company appears to be effectively monetizing its diverse media portfolio while maintaining operational discipline, as evidenced by the inventory reduction and strengthened balance sheet.

Comparing 2025-08-06 vs 2024-08-08View on EDGAR →
FINANCIAL ANALYSIS

FOX demonstrated robust financial health with net income growing 51% to $2.3B and operating cash flow surging 81% to $3.3B, indicating strong operational performance and cash generation capabilities. The company improved working capital management by reducing inventory 31% to $432M while growing current assets 12% to $8.4B and stockholders equity 12% to $12.0B. This combination of higher profitability, improved cash flow, and stronger balance sheet positioning signals effective operational execution and positions FOX well for continued growth and shareholder returns.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
+80.7%
$1.8B$3.3B

Operating cash flow surged 80.7% — exceptional cash generation, highest quality earnings signal.

Net Income
P&L
+50.8%
$1.5B$2.3B

Net income grew 50.8% — bottom-line growth signals improving overall business health.

Inventory
Balance Sheet
-31%
$626.0M$432.0M

Inventory drawn down 31% — strong sell-through or deliberate destocking; watch for supply constraints.

Current Assets
Balance Sheet
+12.4%
$7.5B$8.4B

Current assets grew 12.4% — improving short-term liquidity or inventory/receivables build.

Stockholders Equity
Balance Sheet
+11.6%
$10.7B$12.0B

Equity base grew 11.6% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2025-08-06
PRIOR — 2024-08-08
ADDED
As of August 1, 2025, 209,954,934 shares of Class A Common Stock and 235,581,025 shares of Class B Common Stock were outstanding.
Eighteen of the broadcast television stations are affiliated with the FOX Network and 11 are affiliated with MyNetworkTV.
Business Overview FOX produces and delivers compelling news, sports and entertainment content through its iconic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations.
Tubi, our leading AVOD service, attracts a young, diverse and highly engaged audience to its content library of nearly 300,000 movies and television episodes.
FOX News also finished the fiscal year as the #1 cable network in Monday to Friday primetime and total day viewing among total viewers for the tenth consecutive year and delivered ratings that were comparable to ratings delivered by the four broadcast networks in weekday primetime viewing.
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REMOVED
As of August 5, 2024, 224,646,403 shares of Class A Common Stock and 235,581,025 shares of Class B Common Stock were outstanding.
Eighteen of the broadcast television stations are affiliated with the FOX Network, 10 are affiliated with MyNetworkTV and one is an independent station.
Business Overview FOX produces and delivers compelling news, sports and entertainment content through its iconic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group.
Tubi, our leading AVOD service, attracts a young, diverse and highly engaged audience to its content library of over 260,000 movies and television episodes.
A leader in marquee live sports broadcasts, FOX Sports programs the National Football League ( NFL ) (including the #1 show on television among Adults 18-49, America's Game of the Week ), college football (including the Big Ten Conference), Major League Baseball's ( MLB ) Regular Season, All-Star Game and World Series , National Association of Stock Car Auto Racing ( NASCAR ) and other marquee cyclical events, including the Super Bowl and the F d ration Internationale de Football Association ( FIFA ) Men's and Women's World Cup .
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