Companies /Communication Services

Fox Corporation - Class A

NASDAQ: FOXA Entertainment
$67.22
▼ $2.38 (−3.42%) today
Markets closed · 8:09pm ET

Q1 2026 Earnings

Reported Oct 30, 2025, 7:35am ET · SEC source
$1.51
Beat +37.41%
EPS · est. $1.10
$3.7B
Beat +4.75%
Revenue · est. $3.6B
+0.9%
Beating market
FOXA vs S&P since report
5 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+4%+8%Oct 29Nov 6report 7:35am ETearnings−2.5%+8.0%
0+4%+8%Oct 29Nov 6earnings−2.5%+8.0%
FOXA +8.0%S&P 500 −2.5%
−4%0+4%+8%Oct 29Nov 6report 7:35am ETearnings−3.8%+8.0%
−4%0+4%+8%Oct 29Nov 6earnings−3.8%+8.0%
FOXA +8.0%NASDAQ −3.8%
+7.73%
Day of report
−1.31%
Next session
+0.31%
One week
+1.13%
30 days

S&P 500 over the same 30 days: +0.25%.

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. 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

“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.”

Fox CEO, on the earnings call

Forward Guidance & Outlook

CEO Lachlan Murdoch expressed great confidence in the positive outlook for FOX, citing strong operating momentum carrying through from a record Fiscal 2025 into Q1 FY2026, continued engagement growth across the portfolio, and robust advertising demand across sports, news, entertainment, and Tubi. The $1.5 billion accelerated share repurchase announcement underscores management's confidence in the company's financial trajectory.

FOXA YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$2.0B$4.0B$3.6B$3.7BRevenue$953.0M$975.0MOperating Income$827.0M$609.0MNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

FOXA Revenue by Segment

Television$2.1B+5.0%
Cable Network Programming$1.7B+4.0%
Corporate and Other

Figures from SEC filings and company reports. Not investment advice.