Company profile
SEC EDGAR ↗- Industry
- Television Broadcasting Stations
- Listed
- Nasdaq: FOXA
- Incorporated
- DE
- Headquarters
- New York, NY
- Fiscal year end
- Jun 30
Financials
FY2025- Revenue
- $16.3B
- Net income
- $2.29B
- Total assets
- $23.2B
| Fiscal year | Revenue | Net income | Total assets |
|---|---|---|---|
| FY2025 | $16.3B | $2.29B | $23.2B |
| FY2024 | $14.0B | $1.55B | $22.0B |
| FY2023 | $14.9B | $1.25B | $21.9B |
| FY2022 | $14.0B | $1.23B | $22.2B |
| FY2021 | $12.9B | $2.20B | $22.9B |
| FY2020 | $12.3B | $1.06B | $21.8B |
Reported fiscal years from SEC filings (10-K) — SEC EDGAR ↗. Stratrix is a strategy publication, not a real-time financial data service.
Decisions on record
2 verified Decision Records on Fox, and the casebook each one belongs to.
| Fork date | Decision type | The story | Casebook |
|---|---|---|---|
| 2017 | Cannibalization Choice | Read the story → | Cannibalization Choice Casebook → |
| 2026 | Cannibalization Choice | Read the story → | Cannibalization Choice Casebook → |
Run one of these yourself
The decisions Fox faced, as kits you can run.
Each pack takes one of these decisions and gives you the framework, a deck for the room, a model that resolves to one number, and the sourced cases behind it. $499, one-time.
Decision ForksThe CannibalizationShould you launch the thing that takes revenue from your best business?See the pack →People & ControlThe Founder ControlWhat does holding control cost you, and what must it be worth?See the pack →Business ModelThe Pricing Model ChangeWhat does changing how you charge cost before it starts paying?See the pack →
The analyses
The Cannibalization Choice · Growth & Portfolio
Fox's Live-Only Shape Came From FCC Rules — Now It's Betting $22 Billion on Roku
The story says Fox boldly kept the live news and sports while selling everything else to Disney for $71.3 billion. The truth: FCC rules made Disney spit those assets out. Now Fox is betting $22 billion on Roku to fix the one thing live content can't fix itself.
8 min
The Cannibalization Choice · Growth & Portfolio
Fox Sold High Because Comcast Bid the Price Up 36% — the Foresight Came Later
The story is that Murdoch brilliantly chose live news and sports over streaming. The truth: a Comcast bidding war pushed the price up 36%, and Fox kept only the assets Disney didn't want. The foresight came later.
8 min
The Founder Doctrine · People & Control
Rupert Murdoch Couldn't Buy Control From the Grave. So He Bought His Children Out Instead.
The Murdoch succession looks like a tidy dynastic handoff. It was a failed court raid on an 'irrevocable' trust — and after a judge ruled father and son acted in 'bad faith,' control of Fox cost $3.3 billion to purchase.
8 min
The Pricing Play · Business Model
Fox Loses Subscribers Every Year — and Charges More Every Year. On Purpose.
Cord-cutting is shrinking Fox's audience, yet its affiliate-fee revenue keeps rising — up 5% in FY2024. Fox's own filings admit volume is falling and pricing is doing the lifting. That's not a contradiction. It's the entire strategy.
8 min