---
title: "Fox Corporation: Business Model"
description: "Fox Corporation revenue by business segment from its fiscal 2025 Form 10-K, with each part's share, growth and profitability explained."
canonical: https://www.getswoopr.com/stocks/companies/fox-corporation/business-model/
source: "Swoopr Investment: https://www.getswoopr.com"
---

# Fox Corporation: Business Model & Revenue Engine

## Direct Answer

Fox Corporation reports revenue across 2 business segments in its fiscal 2025 Form 10-K. Television is the largest, with $9.3 billion of revenue (57% of the total), followed by Cable Network Programming at $6.9 billion (43%).

## How Does Fox Corporation Make Money?

No single line supplies a majority of revenue: the largest, Television, is 57%, which spreads Fox Corporation's exposure across several demand drivers. Between fiscal 2024 and 2025, Television grew fastest (+18.4%) and Cable Network Programming slowest (+16.4%), so the revenue mix tilts toward Television while that gap lasts.

| Segment | FY2025 revenue | FY2024 revenue | Share of revenue | Change |
| --- | --- | --- | --- | --- |
| Television | $9.3 billion | $7.9 billion | 57.2% | 18.4% |
| Cable Network Programming | $6.9 billion | $6.0 billion | 42.5% | 16.4% |

![Bar chart of Fox Corporation revenue by segment for fiscal 2025: Television 57.2%, Cable Network Programming 42.5%.](https://www.getswoopr.com/images/charts/fox-corporation-business-model-segment-mix.webp)
*Fox Corporation revenue by segment as a share of total revenue, from the table above. The largest is highlighted. Select the chart to open it full size.*

## What the Segment Figures Do Not Show

The rows above add up to 100% of Fox Corporation's reported revenue for fiscal 2025; the difference is intersegment eliminations, corporate revenue or items the company reports outside its segments. Segment definitions are management's choice and change when a company reorganizes, in which case it restates prior years in the next filing, so a multi-year comparison should use the figures from a single filing. Revenue shows where sales come from, not where profit or cash is earned: a small segment can carry most of the margin.

## Where These Numbers Come From

Every figure on this page is a value Fox Corporation reported in the segment note and revenue disclosures of its Form 10-K filed August 6, 2025 (accession 0001628280-25-038077), read from the SEC's Financial Statement Data Sets. The prior-year column is the comparative figure from that same filing, so it reflects any restatement for a change in segments. Category names are the company's own XBRL labels, lightly reformatted for reading.

Rows that only total other rows (for example a "Products" line beside the individual products) are left out so nothing is counted twice. This page is educational and describes reported history for fiscal 2025; it is not a forecast or a recommendation.

## Frequently Asked Questions

### What are Fox Corporation's business segments?

In its fiscal 2025 Form 10-K, Fox Corporation reports revenue for Television and Cable Network Programming.

### Which part of Fox Corporation brings in the most revenue?

Television, with $9.3 billion of revenue in fiscal 2025, or 57% of the total.

### Where does Fox Corporation report its segment results?

In the segment note to the financial statements in its Form 10-K, most recently filed August 6, 2026, alongside management's discussion of each segment's results.

## References

- [SEC EDGAR: Fox Corp Form 10-K filed August 6, 2026](https://www.sec.gov/Archives/edgar/data/1754301/000162828026053960/fox-20260630.htm)
- [SEC EDGAR: Fox Corp annual and quarterly filings](https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1754301&type=10-K)
- [SEC: EDGAR application programming interfaces (XBRL frames and submissions data)](https://www.sec.gov/search-filings/edgar-application-programming-interfaces)
- [SEC: Financial Statement Data Sets](https://www.sec.gov/data-research/sec-markets-data/financial-statement-data-sets)

## Related Pages

- [Fox Corporation company dossier](https://www.getswoopr.com/stocks/companies/fox-corporation/)
- [Fox Corporation financial metrics](https://www.getswoopr.com/stocks/companies/fox-corporation/metrics/)
- [Fox Corporation financial risk indicators](https://www.getswoopr.com/stocks/companies/fox-corporation/risks/)
- [Fox Corporation peer comparison](https://www.getswoopr.com/stocks/companies/fox-corporation/competitors/)
- [Fox Corporation business model and revenue mix](https://www.getswoopr.com/stocks/companies/fox-corporation/business-model/)
- [Fundamental analysis guides](https://www.getswoopr.com/learn/fundamental-analysis/)

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