Business · Companies · 1 hr ago
Fox Corp. reports record quarterly revenue as ads rise
Fox Corp.
reported record revenue in its fiscal first quarter, which began its 2027 financial year.
Revenue was $4.57 billion, up 22% from the same quarter a year earlier.
Advertising revenue rose 47%, while net income increased to $957 million from $609 million.
The company said World Cup coverage and midterm election ads helped drive the growth.
The quarter also included the start of the NFL season and MLB playoffs, adding to the sports programming that attracted advertisers.
The figures show how major sports events and political campaigns can boost a media company’s advertising business; Fox gave no further next steps in its announcement.
Fox Corp. reported record first-quarter revenue of $4.57 billion, up 22% from a year earlier.
Advertising revenue rose 47%, driven by the FIFA Men’s World Cup, political advertising and growth at Tubi.
Net income was $957 million, compared with $609 million a year earlier.
CEO Lachlan Murdoch said the quarter also set a record for adjusted EBITDA.
Fox’s proposed $22 billion acquisition of Roku has shareholder approval and is going through regulatory review.
- Who
- Fox Corp.
- What
- It reported record fiscal first-quarter revenue of $4.57 billion, up 22% year over year.
- When
- The quarter ended in September; the results were announced on November 2, 2026.
- Where
- Not stated
- Why
- Revenue gains were driven by higher advertising, including World Cup and political ads, alongside digital growth led by Tubi.
This story does not have two clearly opposing sides.
Fox’s fiscal 2027 first quarter concluded.
Shareholders approved Fox’s proposed $22 billion acquisition of Roku.
Fox announced first-quarter revenue of $4.57 billion, up 22% from a year earlier.
The Roku acquisition is expected to close, subject to regulatory review.
- Quarterly revenue
- $4.57 billion, up 22% year over year
- Advertising revenue
- Up 47%
- Net income
- $957 million, compared with $609 million a year earlier
- Distribution revenue
- Up 9%, according to Deadline
- Roku acquisition
- Proposed $22 billion deal; shareholder-approved and under regulatory review
- Tubi users
- 110 million monthly active users
4 sources
Fox Ad Revenue Surged Nearly 50% In FYQ1 Buoyed By World Cup, Political, Tubi
Midterm Elections and FIFA World Cup Power Record-Breaking Quarter for Fox Corp.
Fox Revenue Jumps 22% to $4.6 Billion as World Cup, Political Ads Fuel Record Quarter
Fox Corp. Sees Q1 Profit Hike on World Cup, Political Ads
What people are saying
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 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.