FOXA

• Full year revenue rose 5% to $17.13 billion, with net income of $1.73 billion and adjusted EBITDA of $3.91 billion.
• Quarterly net income attributable to Fox stockholders was $691 million ($1.61 per share), down from $717 million ($1.57 per share) a year ago.
• The company announced a semi-annual dividend of $0.29 per share, payable September 23, 2026.
• During the quarter, Fox repurchased approximately $50 million of Class A and $50 million of Class B common stock.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• The term loan facility will fund a portion of the cash consideration for Fox's acquisition of Roku, announced June 15, 2026.
• The facility matures two years after the acquisition closes and funding occurs, with an option to incur up to $1.0 billion in additional term loans.
• Interest rates are based on Base Rate or Term SOFR plus applicable margins tied to Fox's debt ratings, and a commitment fee begins October 12, 2026.
• The agreement includes a 4.5 to 1.0 operating income leverage ratio covenant, with customary conditions and lender syndicate including Citigroup, Deutsche Bank, Goldman Sachs, and JPMorgan.

1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits

• Fox Corporation and Roku, Inc. announced a definitive agreement on June 15, 2026, for FOX to acquire Roku.
• The deal was unanimously approved by both companies' boards and is expected to close with FOX shareholders owning about 73% of the combined company.
• FOX expects to achieve approximately $400 million in run-rate cost synergies and has secured $12.0 billion in bridge financing from Morgan Stanley Senior Funding, Inc.
• The acquisition was disclosed under Item 7.01 Regulation FD, with a joint press release and investor presentation furnished as exhibits.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Fox Corporation and Roku entered into a definitive merger agreement on June 14, 2026, under which Fox will acquire all outstanding Roku shares.
• The transaction is expected to close by June 14, 2027, subject to extension, and requires approval by Roku stockholders and Fox Class B stockholders, plus regulatory clearances.
• Fox has secured a $12 billion bridge loan commitment from Morgan Stanley to fund the cash portion of the deal.
• Roku founder and CEO Anthony Wood, holding about 55% of voting power, has agreed to vote in favor of the merger.

1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits

• On June 11, 2026, Fox Corporation's Compensation Committee and Board unanimously approved extending Executive Chair and CEO Lachlan K. Murdoch's employment term through June 30, 2030.
• Murdoch recused himself from all discussions and votes regarding his term extension and compensation adjustments.
• The Board also extended CFO Steven Tomsic's employment term through June 30, 2030, and effective July 1, 2026, increased his base salary to $2,000,000, target annual bonus to $3,000,000 (rising to $3,500,000 on July 1, 2028), and target annual equity award to $4,000,000.
• The amended arrangements are described in a form of employment extension letter filed as Exhibit 10.1.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits

• Net income was $175 million, compared to $354 million in the prior year quarter; net income attributable to Fox Corporation stockholders was $166 million ($0.38 per share), down from $346 million ($0.75 per share).
• Adjusted net income attributable to Fox Corporation stockholders was $570 million ($1.32 per share), up from $507 million ($1.10 per share) in the prior year quarter.
• Adjusted EBITDA increased 11% to $954 million from $856 million, driven by lower expenses, particularly sports programming rights amortization and production costs.
• Cable Network Programming segment revenue rose 6% to $1.74 billion, while Television segment revenue fell to $2.20 billion from $2.70 billion; the company repurchased $100 million of stock during the quarter.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Net income was $247 million, down from $388 million in the prior year quarter.
• Adjusted EBITDA was $692 million, down from $781 million in the prior year quarter.
• Cable Network Programming segment revenue increased 5% to $2.28 billion, while Television segment revenue decreased to $2.94 billion.
• The company declared a dividend of $0.28 per share, payable March 25, 2026.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Fox Corporation held its Annual Meeting of Stockholders on November 14, 2025.
• Stockholders ratified Ernst & Young LLP as independent auditor for fiscal year ending June 30, 2026, with 209,577,557 votes for.
• Advisory say-on-pay proposal passed with 192,375,927 votes for, and the company will hold such votes annually.
• Two stockholder proposals—on executive compensation and simple majority vote—did not pass.
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5.07 Submission of Matters to a Vote of Security Holders