M&A - Fox Corp

Form Type: 10-Q

Filing Date: 2025-05-12

Corporate Action: Acquisition

Type: New

Accession Number: 000162828025024466

Filing Summary: In the quarterly financial report for Fox Corporation for the period ending March 31, 2025, the company reported notable financial performance with revenues of $4,371 million, a substantial increase from $3,447 million in the prior year. The net income attributable to Fox Corporation stockholders was $346 million, down from $666 million during the same period last year. Fox's operating expenses rose significantly, totaling $2,965 million compared to last year's $2,050 million, alongside various restructuring charges totaling $55 million. The report highlighted the acquisition of a controlling interest in a digital media company in February 2025, aimed at strengthening their digital platform. Furthermore, the document discusses the discontinuation of the joint venture Venu Sports and the related financial impact.