Fox Corporation Earnings Recaps
Q3 2026
May 12, 2026
Fox Corporation's shares rose 5.1% following third quarter results that demonstrated solid revenue growth and margin expansion, driven by advertising strength at FOX News and distribution gains from Fox One.
Key takeaways
- Reported $4 billion in revenue, with EBITDA rising 11% to just over $950 million.
- Distribution revenue increased 3%, benefiting from early success and strong retention on Fox One.
- Excluding the Super Bowl timing impact, advertising revenue grew double digits, led by FOX News hitting its highest Q3 ad revenue ever.
- FOX News maintained leadership as the most watched cable network in total day and Prime; digital viewership also grew double digits year-over-year.
- Tubi’s revenue grew 23% with a 19% increase in total view time, supported by expanding creator content.
Q2 2026
Feb 4, 2026
Fox Corporation reported strong Q2 FY2026 results, showcasing broad-based revenue growth driven by robust advertising performance and increased audience engagement across its news, sports, and streaming segments.
Key takeaways
- Total company advertising revenue continued to grow, with record-breaking ad revenue from Major League Baseball and impressive stats from NFL and college football.
- Distribution revenue increased by 4%, with subscriber declines improving sequentially, thanks in part to the successful launch of Fox One.
- Fox News maintained its position as the most-watched cable network, registering a 170% increase in social media views compared to the previous year.
- Tubi achieved its most-streamed quarter ever, leading to a 19% growth in revenue and sustained EBITDA profitability for the second consecutive quarter.
- Total minutes viewed across all Fox platforms rose by 15% year-over-year, underscoring the company's strong audience engagement strategy.