Fox Corporation announced its fiscal first-quarter 2026 earnings results on Thursday, October 30, 2025, prior to the opening of U.S. stock markets, reporting a 5% year-over-year increase in total revenue. The company generated $3.57 billion in revenue for the quarter ended September 30, 2025, compared to $3.39 billion in the same period last year.
The bulk of the growth came from the Advertising segment, which rose 7% to $1.78 billion, fueled by strong performances at Tubi, Fox’s free ad-supported streaming television (FAST) service, and the return of NFL programming on the Fox broadcast network. Tubi delivered double-digit ad revenue growth, driven by increased viewership, expanded advertiser demand, and continued expansion of its content library.
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| Lachlan Murdoch |
Affiliate revenue (fees paid by cable, satellite, and virtual MVPDs) grew a more modest 3%, supported by contractual rate increases, though partially offset by ongoing cord-cutting trends.
Other revenue, including content licensing and political advertising at Fox News, remained relatively flat.
- Adjusted EBITDA rose 9% to $1.02 billion, reflecting disciplined cost management and operating leverage from higher ad volumes.
- Net income attributable to Fox Corporation was $623 million, or $1.38 per share, up from $590 million, or $1.25 per share, a year ago.
CEO Lachlan Murdoch highlighted Tubi’s momentum, noting it reached 82 million monthly active users and continues to gain share in the FAST category. He also emphasized the NFL’s role as a cornerstone of Fox’s linear broadcast strategy, with the network securing strong upfront ad commitments for the 2025–2026 season.