Quarterly ResultMay 11, 2026, 08:11 AM
Fox Q3 Revenue $3.99B, Net Income $175M; Adjusted EBITDA +11% to $954M
AI Summary
Fox Corporation reported Q3 fiscal 2026 financial results with total revenue of $3.99 billion, down from $4.37 billion in the prior year, primarily due to the absence of the Super Bowl LIX broadcast. Net income decreased to $175 million from $354 million. However, Adjusted EBITDA increased by 11% to $954 million, driven by lower expenses, and Adjusted Net Income rose to $570 million. The company highlighted robust core advertising trends and continued digital growth from Tubi, alongside ongoing share repurchases.
Key Highlights
- Adjusted EBITDA increased 11% to $954 million.
- Total revenue decreased to $3.99 billion from $4.37 billion.
- Net income fell to $175 million from $354 million.
- Adjusted net income rose 12.4% to $570 million ($1.32 per share).
- Advertising revenue was $1.56 billion, impacted by Super Bowl absence.
- Cable Network Programming revenue grew 6% to $1.74 billion.
- Television segment EBITDA surged to $191 million from $60 million.
- Repurchased $100 million in Class A and B common stock.