Quarterly ResultMay 11, 2026, 09:31 AM
Fox Corp Q3 Revenue $3.99B, EPS $0.38; Net Income Halved
AI Summary
Fox Corporation reported a significant decline in net income and EPS for the three months ended March 31, 2026, with revenues decreasing by 8.6% to $3.99 billion. Net income attributable to stockholders fell by 52% to $166 million, and diluted EPS dropped to $0.38. Despite the overall decline, the company authorized an additional $5 billion for its stock repurchase program, bringing the total to $12 billion, and repurchased approximately $1.9 billion in shares during the nine-month period.
Key Highlights
- Net income attributable to stockholders decreased 52% to $166 million for Q3 2026.
- Diluted EPS fell 49.3% to $0.38 for the three months ended March 31, 2026.
- Revenues for Q3 2026 declined 8.6% to $3.99 billion from $4.37 billion year-over-year.
- Cable Network Programming revenues increased 6.4% to $1.74 billion in Q3 2026.
- Television segment EBITDA surged 218% to $191 million in Q3 2026.
- Board authorized an additional $5 billion for stock repurchases, totaling $12 billion.
- Repurchased approximately 31 million shares for $1.9 billion in the nine months.
- Declared a semi-annual dividend of $0.28 per share, up from $0.27 per share.
Price Impact
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