Segment Information (Tables)

6 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated

The following tables set forth the Company’s Revenues and Segment EBITDA for the three and six months ended December 31, 2022 and 2021:

	For the three months ended December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions)
Revenues
Cable Network Programming	$	1,632	$	1,638	$	3,063	$	3,054
Television	2,934		2,759		4,648		4,340
Other, Corporate and Eliminations	39		44		86		92
Total revenues	$	4,605	$	4,441	$	7,797	$	7,486
Segment EBITDA
Cable Network Programming	$	353	$	668	$	1,095	$	1,442
Television	256		(273)		665		86
Other, Corporate and Eliminations	(78)		(85)		(137)		(154)
Amortization of cable distribution investments	(4)		(4)		(8)		(9)
Depreciation and amortization	(103)		(93)		(202)		(172)
Interest expense, net	(60)		(97)		(128)		(194)
Other, net	73		(211)		(3)		(142)
Income (loss) before income tax (expense) benefit	437		(95)		1,282		857
Income tax (expense) benefit	(116)		22		(348)		(222)
Net income (loss)	321		(73)		934		635
Less: Net income attributable to noncontrolling interests	(8)		(12)		(16)		(19)
Net income (loss) attributable to Fox Corporation stockholders	$	313	$	(85)	$	918	$	616

Summary of Revenues by Segment by Component to Consolidated

Revenues by Segment by Component

	For the three months ended December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions)
Cable Network Programming
Affiliate fee	$	1,026	$	1,039	$	2,055	$	2,065
Advertising	451		454		767		765
Other	155		145		241		224
Total Cable Network Programming revenues	1,632		1,638		3,063		3,054
Television
Advertising	2,052		1,954		2,957		2,773
Affiliate fee	686		649		1,368		1,290
Other	196		156		323		277
Total Television revenues	2,934		2,759		4,648		4,340
Other, Corporate and Eliminations	39		44		86		92
Total revenues	$	4,605	$	4,441	$	7,797	$	7,486

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended December 31,				For the six months ended December 31,
	2022		2021		2022		2021
	(in millions)
Depreciation and amortization
Cable Network Programming	$	17	$	17	$	34	$	27
Television	30		28		59		54
Other, Corporate and Eliminations	56		48		109		91
Total depreciation and amortization	$	103	$	93	$	202	$	172

Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2022		As of June 30, 2022
	(in millions)
Assets
Cable Network Programming	$	2,753	$	2,682
Television	9,493		7,915
Other, Corporate and Eliminations	10,108		11,010
Investments	772		578
Total assets	$	23,126	$	22,185