Strong Top-Line and EBITDA Growth
Total company revenue of $4.0 billion and adjusted EBITDA up 11% to $954 million, marking a record third quarter for Fox.
Adjusted EPS and Adjusted Net Income Expansion
Adjusted net income was $570 million and adjusted EPS was $1.32, up 20% versus $1.10 in the prior year quarter.
Distribution Revenue and Cable Momentum
Distribution revenue grew 3% companywide; Cable segment distribution revenue grew 5%, contributing to Cable revenue growth of 6%.
Cable Advertising and Content Strength
Cable advertising revenue rose 5% year-over-year and Cable content/other revenue increased 24%, driven by higher sports sublicensing.
Television Segment Profitability Improvement
Television reported $2.2 billion in revenue and Television segment EBITDA was $191 million, more than 3x the level posted in the prior year quarter.
Digital Streaming Growth — Tubi
Tubi revenue grew 23% with total view time increasing 19%; Tubi now features more than 220 creators and 17,000+ episodes and was roughly breakeven (or slightly better) for the quarter.
FOX News Audience and Monetization Strength
FOX News delivered its highest third-quarter advertising revenue ever, finished the quarter as the most-watched cable network in total day and Prime, and reported national CPMs/pricing up over 45% with 200 new advertising clients added in fiscal '26 (over 500 new clients across the last two years).
Sports Ratings and Rights Wins
Major sports performance included World Baseball Classic ratings +150% vs. 2023, MLB opening weekend +45% vs. prior year, IndyCar ratings +37%, and over 170 million viewers for regular season NFL games; Fox also acquired rights to 2 additional regular-season NFL national games.
Strong Free Cash Flow and Capital Returns
Generated quarterly free cash flow of $1.77 billion; fiscal year-to-date repurchases of $1.95 billion and cumulative repurchases >$8.5 billion (~36% of shares outstanding) including a completed $1.5 billion accelerated buyback.
Balance Sheet and Financial Position
Ended the quarter with approximately $3.6 billion in cash and $6.6 billion in debt, and management emphasized a robust balance sheet to support continued capital returns and investments.