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Segment Information (Tables)
 6 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Schedule of Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated
The tables below present summarized financial information for each of the Company’s reportable segments and Corporate and Other.
 
For the three months ended December 31,
For the six months ended December 31,
 2025202420252024
 (in millions)
Revenues  
Cable Network Programming$2,275 $2,165 $3,937 $3,762 
Television2,937 2,961 4,987 4,914 
Corporate and Other124 58 213 123 
Eliminations(154)(106)(217)(157)
Total revenues$5,182 $5,078 $8,920 $8,642 
Segment EBITDA
Cable Network Programming$687 $657 $1,487 $1,405 
Television143 205 542 577 
Corporate and Other(138)(81)(272)(153)
Amortization of cable distribution investments— (4)— (8)
Depreciation and amortization(100)(97)(198)(188)
Restructuring, impairment and other corporate matters(14)(170)(6)(196)
Equity earnings of affiliates3 4 2 7 
Interest expense, net(98)(80)(148)(130)
Non-operating other, net(161)81 (286)314 
Income before income tax expense322 515 1,121 1,628 
Income tax expense(75)(127)(265)(408)
Net income247 388 856 1,220 
Less: Net income attributable to noncontrolling interests(18)(15)(28)(20)
Net income attributable to Fox Corporation stockholders$229 $373 $828 $1,200 
For the three months ended December 31,
For the six months ended December 31,
2025202420252024
(in millions)
Reconciliation of Revenues to Segment EBITDA
Cable Network Programming
Revenues$2,275 $2,165 $3,937 $3,762 
Operating expenses(1,426)(1,354)(2,129)(2,056)
Selling, general and administrative(162)(158)(321)(309)
Amortization of cable distribution investments— 4 — 8 
Segment EBITDA$687 $657 $1,487 $1,405 
Television
Revenues$2,937 $2,961 $4,987 $4,914 
Operating expenses(2,521)(2,499)(3,906)(3,832)
Selling, general and administrative(273)(257)(539)(505)
Segment EBITDA$143 $205 $542 $577 
Schedule of Revenues by Segment by Component to Consolidated
 
For the three months ended December 31,
For the six months ended December 31,
 2025202420252024
 (in millions)
Revenues by Segment by Component
Cable Network Programming  
Distribution(a)
$1,163 $1,109 $2,253 $2,171 
Advertising491 460 836 781 
Content and other621 596 848 810 
Total Cable Network Programming revenues2,275 2,165 3,937 3,762 
Television
Advertising1,964 1,962 3,031 2,970 
Distribution(a)
831 824 1,652 1,630 
Content and other142 175 304 314 
Total Television revenues2,937 2,961 4,987 4,914 
Corporate and Other124 58 213 123 
Eliminations(154)(106)(217)(157)
Total revenues$5,182 $5,078 $8,920 $8,642 
(a)
The Company generates distribution revenue from agreements with MVPDs for cable network programming and retransmission fees for the broadcast of the Company’s owned and operated television stations and from subscription fees for the Company’s direct-to-consumer streaming services. In addition, the Company generates distribution revenue from agreements with independently owned television stations that are affiliated with the FOX Network.
Schedule of Reconciliation of Depreciation and Amortization from Segments to Consolidated
For the three months ended December 31,
For the six months ended December 31,
2025202420252024
(in millions)
Depreciation and amortization
Cable Network Programming$27 $25 $53 $45 
Television30 30 60 59 
Corporate and Other43 42 85 84 
Total depreciation and amortization$100 $97 $198 $188 
For the three months ended December 31,
For the six months ended December 31,
2025202420252024
(in millions)
Capital expenditures
Cable Network Programming$38 $30 $66 $53 
Television31 17 63 28 
Corporate and Other53 27 97 57 
Total capital expenditures$122 $74 $226 $138 
Schedule of Reconciliation of Assets from Segments to Consolidated
As of
December 31,
2025
As of
June 30,
2025
(in millions)
Assets
Cable Network Programming$3,138 $2,895 
Television9,432 7,924 
Corporate and Other7,412 10,755 
Investments1,489 1,621 
Total assets$21,471 $23,195