| Imagery Source: Flickr |
| Information Source: Fox Corporation |
|
FOX REPORTS FIRST QUARTER FISCAL 2026 |
|
REVENUES OF $3.74 BILLION, |
|
NET INCOME OF $609 MILLION, AND ADJUSTED EBITDA OF $1.07 BILLION |
|
ANNOUNCES $1.5 BILLION ACCELERATED SHARE REPURCHASE TRANSACTION |
| Fox Corporation (Nasdaq: FOXA, FOX; “FOX” or the “Company”) today reported financial results for the three months ended September 30, 2025. |
| The Company reported total quarterly revenues of $3.74 billion, an increase of $174 million or 5% from the amount reported in the prior year quarter. Distribution revenues increased 3%, driven by 3% growth at the Cable Network Programming segment and 2% growth at the Television segment. Advertising revenues increased 6%, primarily due to continued digital growth led by the Tubi AVOD service, stronger news pricing and higher sports pricing and ratings led by the NFL, partially offset by lower political advertising revenues. Content and other revenues increased 12%, primarily due to higher entertainment content revenues. |
| The Company reported quarterly net income of $609 million as compared to the $832 million reported in the prior year quarter. Net income attributable to Fox Corporation stockholders was $599 million ($1.32 per share) as compared to the $827 million ($1.78 per share) reported in the prior year quarter. Adjusted net income attributable to Fox Corporation stockholders1 was $686 million ($1.51 per share) as compared to the $672 million ($1.45 per share) reported in the prior year quarter. |
| Quarterly Adjusted EBITDA2 was $1.07 billion, an increase of $17 million or 2% from the amount reported in the prior year quarter, primarily due to the revenue increase noted above, partially offset by higher expenses. The increase in expenses was primarily due to higher digital marketing and content costs and higher entertainment programming rights amortisation, partially offset by lower sports programming rights amortisation. |
| Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said: |
| “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.” |
| SHARE REPURCHASE PROGRAM |
| The Company today announced that it expects to enter into a $1.5 billion accelerated share repurchase transaction commencing tomorrow, October 31, 2025, to repurchase $700 million of Class A Common Stock and $800 million of Class B Common Stock under the Company's stock repurchase program. The Company anticipates completing the transaction during the second half of fiscal 2026. As of September 30, 2025, the Company has repurchased approximately $5.85 billion of its Class A common stock and approximately $1.0 billion of its Class B common stock, with a remaining authorisation of $5.15 billion. During the quarter, the Company repurchased approximately $250 million of its Class A common stock. |
| For the full document, click the link below |
| Fox Corporation |
| Stay ahead of the curve! Subscribe to InsidEntity for daily updates on all your favourite companies. |
Fox Corporation: Reports First Quarter Fiscal 2026 Financial Results
