Fox Corporation’s Q2 Revenues Rise to $5.18 Billion

In Q2 of its fiscal year, Fox Corporation reported total revenues of $5.18 billion, a 2 percent increase from the prior-year quarter, with distribution revenues up 4 percent and ad revenues up 1 percent.

The company’s distribution revenues rose to $2 billion, while its ad revenues went up to $2.5 billion in Q2. The increase in distribution revenues was driven by an increase in the cable network programming segment, which saw revenues of $2.3 billion. Television revenues landed at $2.9 billion. The small rise in ad revenues was driven by higher sports and news pricing, continued digital growth led by Tubi and the impact of additional MLB postseason games.

Content and other revenues were stable from the prior-year quarter.

Net income in Q2 was down to $247 million in comparison to the $388 million reported in the prior-year quarter. Net income attributable to Fox Corporation stockholders was $229 million, or $0.52 per share.

“FOX delivered robust results in the second quarter of fiscal 2026 with broad-based contributions from across our portfolio, including notable strength in advertising, where, despite strong political advertising revenues a year ago, we still grew total company advertising revenue,” said Lachlan Murdoch, executive chair and CEO. “These results represent a continuation of the operating and financial momentum that we have delivered over the last several years and are a product of both a highly differentiated strategy and high-quality execution that reflect the power of our leadership brands across news, sports, streaming and entertainment.”