FOXA — what changed in the latest 10-Q
A section-by-section comparison of FOXA's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-05-11 vs the prior 10-Q · 2026-02-04
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +16 | −15 | ~32 | 44 |
| Market risk (Item 3) | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Controls & procedures | Text added/removed | 0 | 0 | ~1 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Not shown (absent or not faithfully extractable): Legal proceedings, Other information
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-05-11
The Company’s revenues decreased $377 million or 9% for the three months ended March 31, 2026, as compared to the corresponding period of fiscal 2025, primarily due to lower advertising revenue, partially offset by higher distribution and content and other revenues. The increase of $68 million or 3%…
Operating expenses decreased $471 million or 16% for the three months ended March 31, 2026, as compared to the corresponding period of fiscal 2025, primarily due to the approximately $535 million impact of lower sports programming rights amortization and production costs driven by the absence of the…
Operating expenses decreased $286 million or 3% for the nine months ended March 31, 2026, as compared to the corresponding period of fiscal 2025, primarily due to the approximately $440 million impact of lower sports programming rights amortization driven by the absence of the February 2025 broadcas…
Revenues at the Cable Network Programming segment increased $280 million or 5% for the nine months ended March 31, 2026, as compared to the corresponding period of fiscal 2025, due to higher distribution,
advertising and content and other revenues. Distribution revenue increased $146 million or 4% as higher average rates per subscriber were partially offset by a decrease in the average number of subscribers. The increase of $73 million or 6% in advertising revenue was primarily due to higher news and…
Text removed vs the prior filing · source: 10-Q · 2026-02-04
The Company’s revenues increased $104 million or 2% for the three months ended December 31, 2025, as compared to the corresponding period of fiscal 2025, primarily due to higher distribution and advertising revenues. The increase of $69 million or 4% in distribution revenue was primarily due to the …
Operating expenses increased $119 million or 3% for the three months ended December 31, 2025, as compared to the corresponding period of fiscal 2025, primarily due to approximately $180 million of higher sports programming rights amortization and production costs and higher digital content costs. Th…
Operating expenses increased $185 million or 3% for the six months ended December 31, 2025, as compared to the corresponding period of fiscal 2025, primarily due to higher sports programming rights amortization and production costs and higher digital content costs.
Revenues at the Cable Network Programming segment increased $175 million or 5% for the six months ended December 31, 2025, as compared to the corresponding period of fiscal 2025, due to higher distribution, advertising and content and other revenues. Distribution revenue increased $82 million or 4% …
Cable Network Programming Segment EBITDA increased $82 million or 6% for the six months ended December 31, 2025, as compared to the corresponding period of fiscal 2025, due to the revenue increases noted above, partially offset by higher expenses. Operating expenses increased $73 million or 4% prima…
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice