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Edge12 Dec 2025
Running on Clouds: The Story of On
The story of how a Swiss runner's pursuit of a new running sensation became On, aiming to be the most premium global sportswear brand worldwide.
Fox (FOXA) investor relations material
Fox UBS Global Media and Communications Conference 2025 summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.UBS Global Media and Communications Conference 2025 summary8 Dec, 2025
Strategic priorities and business performance
Achieved record revenue, EBITDA, and free cash flow in fiscal 2025, establishing a strong foundation for future growth.
Engagement across news, sports, and entertainment assets has increased year-over-year for 19 of the past 20 months, with October marking the highest engagement month ever.
Fiscal 2025 saw 2 trillion minutes of viewership, equating to 75 hours per person annually in the U.S.
Focus for fiscal 2026 remains on core verticals: news and sports, while expanding digital businesses and podcasting.
Major upcoming events include the FIFA World Cup and U.S. midterm elections, expected to drive further engagement and revenue.
Advertising market and revenue trends
Advertising market is robust, with significant ad dollar migration from linear cable to broadcast, sports, news, and streaming.
Sports advertising is at record levels, with the Big Ten Championship and Thanksgiving games attracting more advertisers and cash than ever.
Fox News has become a top broadcast network for advertisers, offering broadcast reach at competitive CPMs, and has added 350 advertisers in fiscal 2025.
Both national and direct response advertising are growing healthily, supported by increased inventory and competitive CPMs.
Overall advertising revenue was up 6% year-over-year, with strong visibility into future demand.
Sports rights and portfolio management
Maintains a balanced sports rights portfolio with long-term deals in NFL, MLB, college sports, and NASCAR, plus value-based and emerging rights like UFL and INDYCAR.
Holds equity stakes in UFL and INDYCAR, aiming to grow these into significant U.S. sports properties.
Sees early NFL renewal as an opportunity to deepen relationships and leverage cross-promotion across platforms.
No signs of declining demand for sports rights; sports remain critical for reach and engagement.
Tubi's path to 20-25% EBITDA margins?
Harvest strategy for $3.4B sports betting value?
Inorganic M&A criteria given current stock value?
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Q2 20263 Feb, 2026
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Frequently asked questions
Fox Corporation operates as a news, sports and entertainment company in the United States. The company operates through Cable Network Programming, Television and Other, Corporate and Eliminations segments. The Cable Network Programming segment produces and licenses news, business news, sports and entertainment content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies and online video distributors. The Television segment operates 28 local television stations. It also operates MyNetworkTV, a programming service that produces television dramas and other entertainment programs for distribution to local television stations; and owns national sports networks. This segment also provides digital streaming services; sells advertising time in national network programming; buys programs from independent producers or studios; owns program guides; sells products under the Fox brand in retail stores, such as home entertainment products consisting of DVD and Blu-ray discs; through online retail businesses comprising FOXShop.com; and develops mobile websites/applications based on the Company's television shows/personalities.
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