Fox Posts Record Quarter as World Cup Lifts Ad Revenue 47.4%
Fox Corporation posted record first-quarter revenue of $4.57 billion as the FIFA Men's World Cup, football and a busy election season sent advertising revenue up 47.4%.
Revenue for the quarter ended Sept. 30 rose 22.3% from $3.74 billion a year earlier, the Fox News and Fox Sports owner said in an 8-K Monday. Net income attributable to stockholders climbed to $943 million, or $2.20 per share, from $599 million, or $1.32.
Adjusted earnings were $2.54 per share, up from $1.51, and adjusted EBITDA rose $576 million, or 54%, to $1.64 billion.
Ads did the heavy lifting
Advertising revenue jumped to $2.08 billion from $1.41 billion. Fox credited the World Cup broadcast, higher political advertising and continued digital growth led by its Tubi free streaming service. In the Television segment alone, advertising revenue rose $641 million, or 60%.
Distribution revenue, the fees pay-TV and streaming platforms pay to carry its channels, grew 8.8% to $2.08 billion, with 10% growth at Cable Network Programming and 4% at Television.
Higher sports rights amortization and production costs tied to the World Cup, plus higher digital content costs, partly offset the revenue gains, according to the release.
What management said
"FOX has had an outstanding start to fiscal 2027 with first-quarter records for revenue and Adjusted EBITDA," Executive Chair and CEO Lachlan Murdoch said.
By the numbers
- $4.57 billion revenue, up 22.3%
- $2.20 EPS; $2.54 adjusted EPS
- $1.64 billion adjusted EBITDA, up 54%
- $2.08 billion advertising revenue, up 47.4%
Sources
- Fox Corporation Form 8-K with fiscal first-quarter 2027 results, filed Nov. 2, 2026 (accession 0001628280-26-068663)
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