Fox Corporation Revenues Rise to $3.74 Billion in Fiscal Q1

Fox Corporation’s revenues for the first quarter of the 2026 fiscal year were $3.74 billion, a 5 percent increase from the amount in the prior-year quarter, with distribution revenues rising 3 percent and ad revenues growing 6 percent.

The increase in distribution revenues—which were $1.9 billion—was driven by 3 percent growth in the cable network programming segment and 2 percent growth in the television segment.

The growth in advertising revenues—which were $1.4 billion—was primarily due to continued digital growth led by Tubi, stronger news pricing and high sports pricing and ratings led by the NFL.

Content and other revenues increased by 12 percent to $411 million, driven primarily by higher entertainment content revenues.

“Coming off a record fiscal 2025, our strong operating momentum has carried through the first quarter of fiscal 2026,” said Lachlan Murdoch, executive chair and CEO. “We are delivering for audiences with continued engagement growth across the portfolio, which underpins the robust advertising demand we are seeing across sports, news, entertainment and Tubi. The quality of our assets and their consistent capacity to deliver financially gives me great confidence in the positive outlook for FOX. This morning’s announcement to leverage the strength of our balance sheet with a $1.5 billion accelerated share repurchase transaction clearly underscores this confidence along with our commitment to creating value for our shareholders.”

Though revenues increased across the board, profits fell to $609 million, compared to the $832 million reported in the prior-year quarter. Net income attributable to Fox Corporation stockholders was $599 million ($1.32 per share), compared to the $827 million ($1.78 per share) in the prior-year income.