Highest-materiality recent filing
Fox to acquire Roku for $96 cash + 0.9693 shares; pro forma revenue $22B
Consideration: $96.00 cash + 0.9693 FOX Class A shares per Roku share; Roku becomes wholly-owned subsidiary.
Fox Q4 revenue $4.21B (+28% YoY), adj. EBITDA $1.20B; full-year records; Roku acquisition announced
Q4 revenue $4.21B (+28% YoY); net income $696M ($1.61 GAAP EPS); adj. net income $765M ($1.79 adj. EPS).
Fox Corp enters $1B term loan facility to fund Roku acquisition
Entered into $1.0B senior unsecured term loan facility to partially fund the acquisition of Roku, Inc.
Fox to acquire Roku for 0.9693 Fox shares plus $96 cash per share
Roku shareholders receive 0.9693 Fox Class A shares plus $96 cash per share; Fox to issue shares worth 40% of total consideration.
Fox to acquire Roku for $160/share, ~$22B enterprise value, close expected H1 2027
Transaction values Roku at $160 per share ($96 cash + 0.9693 FOX shares), with total enterprise value of ~$22B.
Fox extends CEO Lachlan Murdoch's term to 2030, boosts bonus and equity targets
Lachlan Murdoch's term extended through June 30, 2030; target bonus to $9M, equity to $20M.
Fox Q3 FY2026 revenue $3.99B, adjusted EBITDA up 11% to $954M
Revenue $3.99B vs $4.37B prior year; advertising down due to absence of Super Bowl LIX.
Fox Q2 FY2026 revenue $5.18B (+2% YoY); net income down to $229M from $373M
Revenue $5.18B, up 2% YoY; distribution +4%, advertising +1% despite lower political.
All six director nominees elected; Lachlan K. Murdoch received 168.3M for, 33.5M against.
Fox Q1 FY2026 revenue $3.74B (+5% YoY), adj. EPS $1.51, announces $1.5B ASR
GAAP net income attributable to Fox Corp $599M ($1.32 per share), down 28% from $827M ($1.78) YoY.
New stockholders agreement signed with LGC Holdco and trusts for Lachlan, Grace, Chloe Murdoch; prior agreement with Murdoch Family Trust terminated.
Fox resolves Murdoch trust litigation; departing beneficiaries to sell ~16.9M Class B shares
Nevada MFT litigation resolved; new trusts for Lachlan, Grace, Chloe Murdoch; Prudence, Elisabeth, James cease as beneficiaries.
Fox Corp Q4 revenue $3.29B (+6%), net income $719M; ups buyback $5B, dividend to $0.28
Q4 net income $719M ($1.57 EPS) vs $320M ($0.68) prior year; adjusted EPS $1.27.
Fox Q3 FY2025 revenue $4.37B (+27% YoY); GAAP EPS $0.75 vs $1.40
Advertising revenue surged 65% driven by Super Bowl LIX and Tubi AVOD growth.
John Nallen named President and COO of Fox, term extended to June 2028
Employment term extended to June 30, 2028; title changed from COO to President and COO effective immediately.
Fox Q2 FY2025 revenue $5.08B (+20% YoY), net income $388M, adjusted EBITDA $781M
Revenue $5.08B (up 20% YoY); affiliate fees +6%, advertising +21% (political, MLB, NFL, Tubi), other +70%.
Fox Corp annual meeting elects all 8 director nominees; Say-on-Pay passes
All eight directors elected; Lachlan Murdoch (86.0% for, 28.4M against), Paul Ryan (75.4% for, 51.6M against).
Fox reports Q1 FY2025 revenue $3.56B, net income $832M, adjusted EBITDA $1.05B
Total revenues $3.56B (+11% YoY); net income $832M vs $415M prior year; GAAP EPS $1.78, adjusted EPS $1.45.
Fox Q4 fiscal 2024 revenue up 2% to $3.09B; adj EBITDA $773M; adj EPS $0.90
Q4 revenue $3.09B (+2% YoY); GAAP net income $320M ($0.68 per share) vs $369M ($0.74) prior year.
Fox Corp Q3 FY2024 revenue $3.45B (down 15% YoY); net income $704M vs loss; adj EPS $1.09
Revenue $3.45B vs $4.08B prior year; advertising $1.24B (down 34%) due to absence of Super Bowl LVII.
Fox Q2 fiscal 2024 revenue $4.23B down 8% YoY; EPS $0.23 vs $0.58 prior year
Revenue $4.23B (down 8% YoY); net income $115M (down 64% from $321M).
Board approved retirement compensation for K. Rupert Murdoch including $2.3M incentive and extended option exercise period.
Fox Corp appoints Adam Ciongoli as Chief Legal & Policy Officer, effective Dec 1, 2023
Ciongoli joins from Campbell Soup, where he was EVP, General Counsel and Chief Sustainability Officer.
Fox Corp Q1 FY2024 revenue $3.21B; net income $415M vs $613M YoY
Revenues $3.21B (+1% YoY); affiliate fees up 2%, advertising down 2%.
Fox Corp closes $1.25B offering of 6.500% senior notes due 2033
Issued $1.25B aggregate principal of 6.500% senior notes due Oct 13, 2033; net proceeds ~$1.23B.
Rupert Murdoch stepping down as Fox Chair; Tony Abbott, Peggy Johnson nominated
Rupert Murdoch to step down as Chair of Fox Corp Board effective mid-November 2023; will become Chairman Emeritus.
Fox Corp CLO Viet Dinh to step down, become Special Advisor; receives $23M settlement
Viet D. Dinh steps down as Chief Legal and Policy Officer effective Dec 31, 2023; will serve as Special Advisor for 2 years at $2.5M/year.
Q4 revenues $3.03B flat YoY; affiliate fees +3%, advertising -4% due to lower political ads, Tubi growth offset.
Fox Corp enters $1.0B revolving credit facility; terminates prior $1.0B facility
New $1.0B unsecured revolving credit facility, expandable to $1.75B, matures June 14, 2028 with two possible one-year extensions.
Fox Corp Q3 revenue $4.08B (+18% YoY), net loss $54M on legal settlement costs
Revenue rose 18% to $4.08B; advertising up 43% on Super Bowl LVII and NFL volume.
Fox settles Dominion defamation suit for $787.5M, acknowledges false claims
Settlement payment of $787.5 million to Dominion Voting Systems resolves all lawsuits.
Fox Corp amends bylaws to add universal proxy rule compliance and revise special meeting procedures
Board approved amended bylaws effective Feb 13, 2023, adding compliance with SEC Rule 14a-19 universal proxy rules for director nominations.
Fox Q2 fiscal 2023 revenue $4.61B (+4% YoY); net income $321M; declares $0.25 dividend; $3B buyback
Revenue $4.61B (+4% YoY) driven by World Cup, NFL, political ads, and Tubi growth.
Rupert Murdoch withdraws proposal to combine Fox Corp and News Corp
K. Rupert Murdoch withdrew the proposal to explore a combination of FOX and News Corp.
Fox Corp Special Committee provides update on potential combination with News Corp; retains advisors
Special Committee of independent directors formed to evaluate potential combination with News Corporation.
Arbitration ruling: Flutter cannot pursue FanDuel IPO without Fox's consent or arbitrator approval.
Fox Corp annual meeting: all board nominees elected, all management proposals pass
Directors elected: K. Rupert Murdoch (209.5M for), Lachlan Murdoch (200.7M for), Paul Ryan (194.5M for).
Fox Corp Q1 FY2023 revenue $3.19B (+5%), adjusted EPS $1.21 (+$0.10)
Revenues $3.19B, up 5% from $3.05B; adjusted EBITDA $1.09B, up 3% from $1.06B.
Fox Corp forms special committee to explore potential combination with News Corp
Special committee of independent board members formed to evaluate a potential combination with News Corp (NWS, NWSA).
Fox Corp Q4 revenue $3.03B (+5% YoY), net income $308M, adj. EPS $0.74
Q4 revenue $3.03B (+5% YoY); affiliate fee +4%, advertising +7% driven by Fox News and political ads.
Fox Corp Q3 FY2022 revenue rises 7% to $3.46B; net income drops on investment fair value changes
Revenue $3.46B (+7% YoY); affiliate rev +5%, ad rev +9% on FOX News pricing and Tubi growth.
Fox Corp Q2 fiscal 2022 revenue $4.44B (+9% YoY); adjusted EPS $0.13 vs $0.16
Revenue $4.44B, up 9% YoY from $4.09B; affiliate +11%, advertising +6%, other +20%.
Fox extends CEO contracts through 2026; shareholders reject lobbying disclosure, B corp proposals
Employment terms extended: Lachlan Murdoch and Steven Tomsic through June 2026; John Nallen and Viet Dinh through June 2025.
Fox Corp Q1 FY2022 revenue $3.05B (+12% YoY), net income $708M, adj. EBITDA $1.06B
Revenue of $3.05B, up 12% YoY from $2.72B; advertising rev +17% driven by Tubi and live sports/scripted programming.
Fox Q4 net income $272M ($0.43 EPS), revenue $2.89B (+20% YoY)
Full-year FY2021 revenue $12.91B; net income $2.20B ($3.61 EPS).
On November 4, 2023, Fox Corporation (the “Company”) appointed Adam Ciongoli as Chief Legal and Policy Officer of the Company effective December 1, 2023 (the “Effective Date”).
On September 21, 2023, K. Rupert Murdoch notified Fox Corporation (the “Company”) of his decision to step down as Chair of the Board of Directors of the Company (the “Board”) following the Company’s upcoming annual meeting of shareholders. Mr. Murdoch will be appointed Chairman Emeritus of the Board.
Viet D. Dinh will be transitioning from Chief Legal and Policy Officer to Special Advisor effective December 31, 2023.
Max materiality 1.00 · Median 0.70 · Most common event earnings