$FOX · Fox Corp
Fox Corporation reported Q1 FY2027 results for the quarter ended September 30, 2026, with total revenue of $4.57 billion (+22% YoY), net income of $957 million, and Adjusted EBITDA of $1.64 billion (+54% YoY). The quarter benefited from the FIFA Men's World Cup broadcast, higher political advertising, and continued digital growth led by Tubi. GAAP EPS was $2.20 per share, with adjusted EPS at $2.54 per share.
- Total revenue of $4.57B, up 22% YoY from $3.74B, driven by the FIFA Men's World Cup broadcast and political advertising.
- Advertising revenue surged 47% to $2.08B; Television segment ad revenue alone jumped 60% to $1.71B.
- Adjusted EBITDA reached $1.64B, a 54% increase from $1.07B in the prior-year quarter.
- GAAP net income attributable to Fox stockholders was $943M ($2.20/share) vs. $599M ($1.32/share) a year ago.
- Weighted average shares outstanding fell to 428M from 455M, reflecting buyback-driven reduction.
Extended-hours trading shows FOX at $59.00, up +4.98% vs the regular close of $56.20, indicating a positive initial reaction to the record revenue and EBITDA beat. The $25.12B market cap company delivered results well above prior-year comparables on World Cup and election tailwinds.
Fox delivered its best-ever quarterly revenue and Adjusted EBITDA, with Television segment EBITDA more than doubling to $934M, powered by a rare convergence of World Cup and election-cycle ad spending.
Fox's results highlight the outsized value of live sports rights and political advertising for traditional media companies. The 60% Television ad surge contrasts with secular linear-TV ad declines at peers without major sports portfolios or election-year exposure.
The cautionary statement references a "Roku transaction" and related risks, suggesting an undisclosed or pending deal that could introduce integration or execution uncertainty. Higher sports programming rights amortization and production costs tied to the World Cup are non-recurring benefits that will not repeat in future quarters.