Fox Corporation Q2 2026 Earnings Recap

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.