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Segment Information (Tables) | 12 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Reconciliation of Revenues and Segment EBITDA from Segments to Consolidated | The tables below present summarized financial information for each of the Company’s reportable segments and Corporate and Other.
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Revenues |  |  |  |  |
Cable Network Programming | $ | 5,955 |  |  | $ | 6,043 |  |  | $ | 6,097 |
Television | 7,875 |  |  | 8,710 |  |  | 7,685 |
Corporate and Other | 209 |  |  | 217 |  |  | 233 |
Eliminations | (59) |  |  | (57) |  |  | (41) |
Total revenues | $ | 13,980 |  |  | $ | 14,913 |  |  | $ | 13,974 |
Segment EBITDA |  |  |  |  |
Cable Network Programming | $ | 2,693 |  |  | $ | 2,472 |  |  | $ | 2,934 |
Television | 506 |  |  | 1,009 |  |  | 347 |
Corporate and Other | (316) |  |  | (290) |  |  | (326) |
Amortization of cable distribution investments | (16) |  |  | (16) |  |  | (18) |
Depreciation and amortization | (389) |  |  | (411) |  |  | (363) |
Restructuring, impairment and other corporate matters | (67) |  |  | (1,182) |  |  | (157) |
Equity (losses) earnings of affiliates | (44) |  |  | 4 |  |  | 4 |
Interest expense, net | (216) |  |  | (218) |  |  | (371) |
Non-operating other, net | (47) |  |  | 368 |  |  | (356) |
Income before income tax expense | 2,104 |  |  | 1,736 |  |  | 1,694 |
Income tax expense | (550) |  |  | (483) |  |  | (461) |
Net income | 1,554 |  |  | 1,253 |  |  | 1,233 |
Less: Net income attributable to noncontrolling interests | (53) |  |  | (14) |  |  | (28) |
Net income attributable to Fox Corporation stockholders | $ | 1,501 |  |  | $ | 1,239 |  |  | $ | 1,205 |
Schedule of Summary of Revenues by Segment by Component to Consolidated |
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Revenues by Segment by Component |  |  |  |  |
Cable Network Programming |  |  |  |  |
Affiliate fee | $ | 4,188 |  |  | $ | 4,175 |  |  | $ | 4,205 |
Advertising | 1,262 |  |  | 1,403 |  |  | 1,462 |
Other | 505 |  |  | 465 |  |  | 430 |
Total Cable Network Programming revenues | 5,955 |  |  | 6,043 |  |  | 6,097 |
Television |  |  |  |  |
Advertising | 4,182 |  |  | 5,204 |  |  | 4,440 |
Affiliate fee | 3,136 |  |  | 2,876 |  |  | 2,673 |
Other | 557 |  |  | 630 |  |  | 572 |
Total Television revenues | 7,875 |  |  | 8,710 |  |  | 7,685 |
Corporate and Other | 209 |  |  | 217 |  |  | 233 |
Eliminations | (59) |  |  | (57) |  |  | (41) |
Total revenues | $ | 13,980 |  |  | $ | 14,913 |  |  | $ | 13,974 |
Schedule of Reconciliation of Depreciation and Amortization from Segments to Consolidated and Reconciliation of Capital Expenditures from Segments to Consolidated |
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Depreciation and amortization |  |  |  |  |
Cable Network Programming | $ | 77 |  |  | $ | 71 |  |  | $ | 60 |
Television | 117 |  |  | 126 |  |  | 112 |
Corporate and Other | 195 |  |  | 214 |  |  | 191 |
Total depreciation and amortization | $ | 389 |  |  | $ | 411 |  |  | $ | 363 |
| For the years ended June 30,
| 2024 |  | 2023 |  | 2022
| (in millions)
Capital expenditures |  |  |  |  |
Cable Network Programming | $ | 161 |  |  | $ | 66 |  |  | $ | 67 |
Television | 76 |  |  | 96 |  |  | 104 |
Corporate and Other | 108 |  |  | 195 |  |  | 136 |
Total capital expenditures | $ | 345 |  |  | $ | 357 |  |  | $ | 307 |
Schedule of Reconciliation of Assets from Segments to Consolidated |
| As of June 30,
| 2024 |  | 2023
| (in millions)
Assets |  |  |
Cable Network Programming | $ | 2,792 |  |  | $ | 2,658 |
Television | 7,961 |  |  | 7,803 |
Corporate and Other | 10,090 |  |  | 10,371 |
Investments | 1,129 |  |  | 1,034 |
Total assets | $ | 21,972 |  |  | $ | 21,866 |
Schedule of Reconciliation of Goodwill and Intangible Assets, Net from Segments to Consolidated |
| As of June 30,
| 2024 |  | 2023
| (in millions)
Goodwill and intangible assets, net |  |  |
Cable Network Programming | $ | 1,288 |  |  | $ | 1,312 |
Television | 4,605 |  |  | 4,633 |
Corporate and Other | 689 |  |  | 698 |
Total goodwill and intangible assets, net | $ | 6,582 |  |  | $ | 6,643 |

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