Segment Information (Tables)

6 Months Ended

Dec. 31, 2023

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, 2023 and 2022:

	For the three months ended December 31,				For the six months ended December 31,
	2023		2022		2023		2022
	(in millions)
Revenues
Cable Network Programming	$	1,658	$	1,632	$	3,045	$	3,063
Television	2,542		2,934		4,322		4,648
Other, Corporate and Eliminations	34		39		74		86
Total revenues	$	4,234	$	4,605	$	7,441	$	7,797
Segment EBITDA
Cable Network Programming	$	564	$	353	$	1,171	$	1,095
Television	(138)		256		213		665
Other, Corporate and Eliminations	(76)		(78)		(165)		(137)
Amortization of cable distribution investments	(4)		(4)		(8)		(8)
Depreciation and amortization	(97)		(103)		(193)		(202)
Interest expense, net	(72)		(60)		(114)		(128)
Other, net	(46)		73		(212)		(3)
Income before income tax expense	131		437		692		1,282
Income tax expense	(16)		(116)		(162)		(348)
Net income	115		321		530		934
Less: Net income attributable to noncontrolling interests	(6)		(8)		(14)		(16)
Net income attributable to Fox Corporation stockholders	$	109	$	313	$	516	$	918

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,
	2023		2022		2023		2022
	(in millions)
Cable Network Programming
Affiliate fee	$	1,031	$	1,026	$	2,036	$	2,055
Advertising	348		451		638		767
Other	279		155		371		241
Total Cable Network Programming revenues	1,658		1,632		3,045		3,063
Television
Advertising	1,654		2,052		2,564		2,957
Affiliate fee	756		686		1,491		1,368
Other	132		196		267		323
Total Television revenues	2,542		2,934		4,322		4,648
Other, Corporate and Eliminations	34		39		74		86
Total revenues	$	4,234	$	4,605	$	7,441	$	7,797

Reconciliation of Depreciation and Amortization from Segments to Consolidated

	For the three months ended December 31,				For the six months ended December 31,
	2023		2022		2023		2022
	(in millions)
Depreciation and amortization
Cable Network Programming	$	19	$	17	$	37	$	34
Television	28		30		57		59
Other, Corporate and Eliminations	50		56		99		109
Total depreciation and amortization	$	97	$	103	$	193	$	202

Reconciliation of Assets from Segments to Consolidated

	As of December 31, 2023		As of June 30, 2023
	(in millions)
Assets
Cable Network Programming	$	2,832	$	2,658
Television	9,059		7,803
Other, Corporate and Eliminations	10,117		10,371
Investments	838		1,034
Total assets	$	22,846	$	21,866