AcquisitionsAug 6, 2026, 08:13 AM
Fox to Acquire Roku; Q4 Revenue $4.21B, Adj EBITDA $1.20B
AI Summary
Fox Corporation reported strong financial results for the fourth quarter and full fiscal year ended June 30, 2026, alongside the announcement of its acquisition of Roku, which is expected to transform the company's growth profile. For Q4, revenue rose 28% to $4.21 billion and Adjusted EBITDA increased 27% to $1.20 billion, driven by the FIFA Men's World Cup and digital growth. Full year revenue reached $17.13 billion, up 5%, with Adjusted EBITDA growing 8% to $3.91 billion. The company also announced an increase in its semi-annual dividend to $0.29 per share.
Key Highlights
- Fox announced the acquisition of Roku, expected to transform the company's scope and growth profile.
- Board of Directors authorized an increase in the semi-annual dividend to $0.29 per Class A and Class B share.
- Fourth quarter fiscal 2026 revenue increased 28% to $4.21 billion.
- Fourth quarter fiscal 2026 Adjusted EBITDA increased 27% to $1.20 billion.
- Full year fiscal 2026 revenue increased 5% to $17.13 billion.
- Full year fiscal 2026 Adjusted EBITDA increased 8% to $3.91 billion.
- Fourth quarter advertising revenue grew 78%, primarily due to the FIFA Men's World Cup.
- Repurchased $100 million of Class A and B common stock in Q4, with $3.4 billion remaining authorization.
Price Impact
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