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Fox Corp. beat earnings expectations with strong ad revenue and Tubi's profitability, despite lower net income.
Fox Corporation reported strong fiscal first-quarter 2026 results, with revenue of $3.74 billion—5% higher year-over-year—and adjusted earnings per share of $1.51, surpassing expectations.
Advertising revenue rose 6% to $1.4 billion, led by Fox News, Tubi’s record-breaking ad-supported streaming growth, and NFL and MLB broadcast viewership gains.
Tubi achieved profitability for the first time, with 27% revenue growth, while Fox One, the new subscription streaming service, launched with partnerships including ESPN and Amazon.
Despite a 27% drop in net income due to higher operating expenses, the company announced a $1.5 billion accelerated stock buyback and maintained leadership in cable news and prime-time viewership under CEO Lachlan Murdoch.
Fox Corp. superó las expectativas de ganancias con fuertes ingresos publicitarios y la rentabilidad de Tubi, a pesar de ingresos netos más bajos.