FOX Corp. revealed its financial results for its 2nd quarter fiscal year on Wednesday, and the company saw positive results.
During the window, it saw a 2% increase compared to the same period the prior year. It generated $5.18 billion, compared to the $5.08 billion it saw the previous year.
The growth for FOX comes from sports and news sectors, with the Tubi streaming platform also generating significant revenue.
In the television segment, the company generated $2.94 billion, which is roughly flat compared to the previous year. Distribution revenues grew 1% to $831 million. Cable network programming saw a 5% year-over-year increase, up to $2.28 billion. Distribution revenues were up 5%, while advertising was up 7%, which FOX directly attributed to its sports and news programming efforts.
Data from FOX shows that 33% of the overall audience on the FOX One streaming platform can be attributed to Fox News.
“Fox One is the leading platform for timely, relevant, lively news, ” FOX Corp. CEO and Executive Chair Lachlan Murdoch said. “News accounts for approximately one-third of total minutes viewed on Fox One. News viewers engage with the platform twice as many days per week as non-news viewers.
The quarter also included Fox News recording its highest-ever second-quarter advertising figures. Murdoch shared that 200 new advertisers had placed buys with the outlet, building on the 350 new advertisers it saw during the prior year.
“Fox delivered robust results in the second quarter of fiscal 2026 with broad-based contributions from across our portfolio, including notable strength in advertising, where, despite strong political advertising revenues a year ago, we still grew total company advertising revenue,” added Murdoch. “These results represent a continuation of the operating and financial momentum that we have delivered over the last several years.”
Despite the positive results, the company’s net income fell to $247 million for the quarter that ended on December 31st, 2025. During the prior-year quarter, that figure was at $388 million, which the company noted can be attributed to rising sports rights and production costs.
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