Fox Corporation reported first‑quarter fiscal 2026 revenue of $3.74 billion, up 5% from $3.56 billion in Q1 FY2025. Adjusted earnings per share were $1.51, beating consensus estimates of $1.45.
Net income attributable to shareholders was $599 million ($1.32 per share). Total net income was $609 million, a decline from $832 million in Q1 FY2025, largely due to higher non‑operating expenses and tax adjustments. Adjusted net income reached $686 million ($1.51 per share), up from $672 million in the prior year quarter.
Segment performance: distribution revenue rose 3% to $1.12 billion, advertising revenue increased 6% to $1.08 billion, and content and other revenues grew 12% to $1.54 billion. The advertising lift was driven by digital growth on Tubi, higher pricing for news and NFL broadcasts, and increased demand for live sports advertising.
Adjusted EBITDA for the quarter was $1.07 billion, a 2% increase from $1.05 billion in Q1 FY2025. The company highlighted continued expansion of Tubi’s AVOD service and the impact of NFL broadcast pricing on advertising revenue.
Fox also announced a $1.5 billion accelerated share‑repurchase program beginning on October 31 2025, allocating $700 million to Class A common stock and $800 million to Class B common stock. To date, the company has repurchased approximately $5.85 billion of Class A and $1.0 billion of Class B shares, with $5.15 billion remaining authorized.
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