FOXA Q1 2026 Earnings
Reported Oct 30, 2025 at 7:35 AM ET · SEC Source
Q1 26 EPS
$1.51
BEAT +37.41%
Est. $1.10
Q1 26 Revenue
$3.74B
BEAT +4.75%
Est. $3.57B
vs S&P Since Q1 26
-32.5%
TRAILING MARKET
FOXA -24.5% vs S&P +8.0%
Market Reaction
Did FOXA Beat Earnings? Q1 2026 Results
Fox Corporation delivered a standout fiscal first quarter for 2026, with adjusted earnings per share of $1.51 beating the $1.10 analyst consensus by 37.41% and revenue of $3.74 billion topping estimates by 4.75% while climbing 4.9% year over year. Th… Read more Fox Corporation delivered a standout fiscal first quarter for 2026, with adjusted earnings per share of $1.51 beating the $1.10 analyst consensus by 37.41% and revenue of $3.74 billion topping estimates by 4.75% while climbing 4.9% year over year. The outperformance was anchored by broad-based top-line strength across all three revenue streams, with advertising revenue rising 6% as Tubi's continued digital growth, stronger FOX News pricing, and NFL-driven sports ratings provided meaningful lift. Adjusted EBITDA reached $1.06 billion, and while GAAP net income fell to $609 million from $832 million a year ago, the decline reflected a $125 million non-operating loss versus a $233 million gain in the prior-year period rather than any deterioration in operating fundamentals. Management underscored its confidence in the trajectory by announcing a $1.50 billion accelerated share repurchase, and CEO Lachlan Murdoch pointed to strong advertising demand across sports, news, and Tubi as momentum carrying firmly into the remainder of fiscal 2026.
Key Takeaways
- • Continued digital growth led by Tubi AVOD service
- • Stronger news pricing at Cable Network Programming
- • Higher sports pricing and ratings led by NFL
- • Contractual distribution price increases partially offset by net subscriber declines
- • Higher entertainment content revenues
- • Higher sports sublicensing revenues
FOXA YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
FOXA Revenue by Segment
With YoY comparisons, source: SEC Filings
“Coming off a record Fiscal 2025, our strong operating momentum has carried through the first quarter of Fiscal 2026. We are delivering for audiences with continued engagement growth across the portfolio which underpins the robust advertising demand we are seeing across sports, news, entertainment and Tubi. The quality of our assets and their consistent capacity to deliver financially gives me great confidence in the positive outlook for FOX. This morning's announcement to leverage the strength of our balance sheet with a $1.5 billion accelerated share repurchase transaction clearly underscores this confidence along with our commitment to creating value for our shareholders.”
— Lachlan Murdoch, Q1 2026 Earnings Press Release
FOXA Earnings Trends
FOXA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
FOXA EPS Trend
Earnings per share: estimate vs actual
FOXA Revenue Trend
Quarterly revenue: estimate vs actual
FOXA Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $0.97 | $1.32 | +36.35% | $3.99B | +4.91% |
| Q2 26 BEAT | $0.52 | $0.82 | +58.61% | $5.18B | +3.11% |
| Q1 26 BEAT | $1.10 | $1.51 | +37.41% | $3.74B | +4.75% |
| Q4 25 BEAT FY | $1.00 | $1.27 | +27.28% | $3.29B | +5.38% |
| FY Full Year | — | $4.78 | — | $16.30B | — |