Revenue and EBITDA Growth
Fox Corporation reported revenue growth of 5% and EBITDA growth of 2% in the first quarter of fiscal 2026.
Strong Advertising Revenue
Advertising revenue increased by 6%, driven by robust trends in news, sports, entertainment, and Tubi, despite the absence of last year's political revenue.
Tubi's Performance
Tubi achieved 27% revenue growth and reached profitability in the first quarter, driven by an 18% increase in total view time.
Cable Networks Revenue
Cable Networks revenue grew 4%, with cable advertising revenues up 7%, driven by robust pricing at FOX News.
FOX Sports Success
FOX Sports saw a 12% increase in NFL viewership and a 22% increase in college football viewership, contributing to strong sports programming performance.
Share Buyback Program
Fox announced a $1.5 billion accelerated share repurchase transaction, reflecting confidence in the business outlook.