Fox (FOX)
NASDAQ:FOX
Earnings Data
Report Date
May 12, 2026After Close (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
1Last Year’s EPS
1.1Same Quarter Last Year
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted broad top-line momentum across core strategic areas — news, sports, streaming (Tubi) and the early success of Fox One — with audience engagement, record sports ad results, Tubi profitability, and meaningful shareholder returns as key positives. Offsetting these strengths were notable margin and earnings pressures driven by higher sports and growth investments, a decline in adjusted EBITDA and GAAP net income, TV content timing issues, and a seasonal free cash flow deficit. Overall, management framed the quarter as continued strategic and audience-driven momentum while acknowledging near-term expense and profitability headwinds.Company Guidance
Total Revenue Growth
Total company revenues of $5.18 billion, up 2% year-over-year, driven by strength in distribution, advertising and streaming.
Distribution Revenue Expansion
Distribution revenues grew 4% in the quarter, reflecting pricing gains across affiliate renewals despite ongoing industry subscriber declines.
Advertising Resilience
Total advertising revenues increased 1% YoY despite a difficult comparison to last year's heavy political cycle; cable advertising rose 7% driven by higher pricing in news and sports.
Cable Segment Strength
Cable delivered revenues of $2.28 billion and adjusted EBITDA of $687 million, both up 5% YoY, with cable advertising +7%, distribution +5% and content/other +4%.
Tubi: Audience and Revenue Momentum
Tubi delivered its most-streamed quarter ever with total viewer time up 27% YoY, revenue up 19% YoY, and achieved EBITDA profitability for the second consecutive quarter; on-demand viewing represents >95% of consumption.
Fox News Audience Leadership and Digital Growth
Fox News finished as the most-watched cable network in total day and the top cable news network; Fox News Digital social media views rose ~170% YoY and Fox News/Fox Business ranked #1 in YouTube video views among peers.
Sports Ratings and Advertising Records
Record-breaking ad revenue for the MLB postseason (7-game World Series), record NFL and college football regular season ad results; marquee events drove massive viewership (e.g., Seahawks NFC championship ~46M viewers; World Series Game 7 >27M viewers).
Fox One Fast Start
Fox One (launched five months ago) exceeded expectations with meaningful direct sign-ups and partner distribution; news accounts for ~1/3 of minutes viewed and news viewers engage ~2x the days and ~3x the minutes of non-news viewers.
Minutes Viewed and Cross-Platform Engagement
Total minutes viewed across sports, news, entertainment and Tubi increased 15% YoY (calendar year 2025), underscoring broad engagement across the portfolio.
Shareholder Returns and Balance Sheet
Repurchased an additional $1.8 billion in shares this fiscal year (cumulative $8.4 billion repurchased since 2019, representing ~35% of shares outstanding), announced a $0.28 per share semiannual dividend, ended the quarter with ~$2.0 billion cash and $6.6 billion debt.
Adjusted Earnings Excluding Non-Core Items
Adjusted net income (ex non-core items) of $360 million and adjusted EPS of $0.82, which management highlights versus reported results.
FOX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FOX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 04, 2026 | $62.84 | $60.47 | -3.77% |
Oct 30, 2025 | $54.06 | $58.52 | +8.24% |
Aug 05, 2025 | $51.48 | $49.55 | -3.75% |
May 12, 2025 | $46.24 | $48.22 | +4.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fox (FOX) report earnings?
Fox (FOX) is schdueled to report earning on May 12, 2026, After Close (Confirmed).
What is Fox (FOX) earnings time?
Fox (FOX) earnings time is at May 12, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOX EPS forecast?
FOX EPS forecast for the fiscal quarter 2026 (Q3) is 1.