FOX Corp. revealed its 2026 first-quarter financial results on Monday. Included in the data was a new record for Fox News.
What The Numbers Show: The first quarter of the calendar year is the third quarter of FOX Corps. fiscal year. During that quarter, Fox News saw its highest third-quarter advertising revenue in history. In total, FOX Corp. saw a 23% decline in overall advertising revenue. Much of that decline can be attributed to the company having the Super Bowl broadcast in the same window in 2025. However, due to a sharp increase in CPMs for Fox News, it set a new record during the period.
What They Said: “We’re seeing very positive year-on-year growth in April. Share and ratings are solid for us, and we’re seeing the way advertisers respond to that. I think in fiscal year 2026, we added 200 new advertising clients, premium advertising clients. That’s on top of the previously announced 350 new advertising clients in fiscal 2025. Over 500 new clients yearning to be on the platform. What has that done? Well, that’s really driven our CPMs up. Our CPMs and national pricing for Fox News are up over 45%. That’s still a long way between the CPM pricing of Fox News and the broadcast networks that we compete against.” -FOX Corp. CEO Lachlan Murdoch
What It Means: Cable networks have seen declining ratings and revenues in many areas. That’s not the case at Fox News. It has continually seen its ratings climb. In primetime, it routinely beats broadcast TV outlets. And its advertising revenue continues to increase to reflect those high viewership totals.
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Garrett Searight is Barrett Media’s News Editor, which includes writing daily news stories, features, and opinion columns. He joined Barrett Media in 2022 after a decade leading several radio brands in several formats, as well as a 5-year stint working in local television. In addition to his work with Barrett Media, he is a radio and TV play-by-play broadcaster. Reach out to him at Garrett@BarrettMedia.com.
