Fox Corporation reported on Monday that its total revenue for the first quarter of fiscal 2025 climbed 11% to $3.5 billion, with affiliate fees contributing the most to the quarter's overall revenue.
In the three months to September 30, the company reported an increase in net income to $832 million, up from $415 million in the same quarter of the previous year. The Television segment was the best performer, posting earnings of $1.9 billion, followed by $1.6 billion in Cable Network Programming. Net income attributable to Fox Corporation stockholders per share rose from $0.82 to $1.78.
"Fiscal 2025 is off to a solid start across our portfolio with strong audience growth at FOX News, record political advertising across the company, accelerating revenue growth at Tubi and a compelling start to our fall sports calendar. Collectively these contributions have combined to deliver particularly strong financial results in our fiscal first quarter led by notable top line revenue and earnings growth," Executive Chair and Chief Executive Officer Lachlan Murdoch said.
Fox Corporation's Class A shares jumped 5% in premarket trading in New York following the report's release.
