FOX Corp. reported double-digit revenue growth during its latest quarter. The results marked a record-setting start to its 2027 fiscal year.
What We Know: FOX Corp. released its third-quarter 2026 financial results, covering the first quarter of its 2027 fiscal year. The company generated $4.57 billion in revenue, a 22% increase from the same period last year. Advertising revenue led the gains, climbing 47% to $2.08 billion. Meanwhile, distribution revenue increased 9% to $2.08 billion. Major sporting events, including the FIFA Men’s World Cup and the start of the college football and NFL seasons, helped drive the results. An active election cycle also contributed to advertising growth.
What The Numbers Show:
| Sector | Total | Result |
|---|---|---|
| Total Revenue | $4.57 billion | 🟢22% |
| Distribution Revenue | $2.08 billion | 🟢9% |
| Advertising Revenue | $2.08 billion | 🟢47% |
| Net Income | $957 million | 🟢57% |
| Adjusted EBITDA | $1.64 billion | 🟢54% |
What They Said: “FOX has had an outstanding start to fiscal 2027 with first-quarter records for revenue and Adjusted EBITDA underpinned by robust growth in both advertising and distribution revenue. We commenced the year with the stellar performance of the FIFA Men’s World Cup, the kickoff of the college football and NFL seasons, and an active election cycle at the national and local levels. These events supported strong contributions from across the company, reflecting the focused strategy we are executing and the strength of our content and brands. These record results coupled with the strong momentum we are continuing to see across our business gives us confidence in delivering value for shareholders in a thoughtful and disciplined manner.” -FOX Corp. CEO/Chairman Lachlan Murdoch
What It Means: FOX Corp. enters fiscal 2027 with momentum across its advertising and distribution businesses. In particular, the 47% advertising increase highlights the value of its sports programming and political coverage. Additionally, gains in net income and Adjusted EBITDA show that revenue growth translated into stronger financial performance.
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