FOX · 8-K · 20260806PR053892

Operating Expense Trends

Fox Corp · 2026-08-06 · Importance 64 · Surprise 56 · In source text

Consolidated operating expenses increased to $2.38 billion from $1.76 billion in the fourth quarter and to $10.85 billion from $10.52 billion for the full year. Fourth-quarter expense growth was primarily driven by higher sports programming rights amortization and production costs for the World Cup. FOX One launch costs also contributed to the quarterly expense increase, while full-year expenses additionally reflected higher digital content costs. Cable Network Programming quarterly operating expenses increased to $731 million from $618 million, and Television quarterly operating expenses increased to $1.46 billion from $1.12 billion.

Key facts

• Total operating expenses for the three months ended June 30, 2026: $(2,380) million. source
• Selling, general and administrative expense for the three months ended June 30, 2026: $(637) million. source
• Depreciation and amortization for the three months ended June 30, 2026: $111 million. source
• The increase in expenses for the quarter was primarily due to higher sports programming rights amortization and production costs, led by the current year broadcast of the World Cup, and costs associated with the launch of FOX One. source
• The Company stated that higher digital content costs contributed to higher expenses for the full year, and costs associated with the launch of FOX One contributed to higher expenses for full year Adjusted EBITDA increase being partially offset by higher expenses. source

Impact estimates