Fox Corp posted stronger-than-expected first-quarter earnings Monday, boosted by a surge in advertising sales from this summer's FIFA World Cup and the midterm elections despite a slowdown in Fox News ratings.
Fox Corp. CEO Lachlan Murdoch Monday talked of viewer fatigue among the Fox News audience with the the midterm cycle heading to a close. “We are seeing some viewer fatigue, which we've seen before.
Fox CEO Lachlan Murdoch said that a recent decline in ratings at Fox News isn't indicative of a deeper problem at the network.
Fox Corp.'s advertising revenue surges, driven by the FIFA World Cup, an active election cycle, and strong growth from Tubi.
Fox Corp. revenue jumped 22% last quarter to $4.57 billion, ahead of expectations, driven by a 47% surge in ad sales due to the current year broadcast of the FIFA Men's World Cup, higher political advertising revenue, and continued digital growth led by Tubi.
The media company on Monday posted a fiscal first-quarter profit of $957 million, or $2.20 a share, compared with $609 million, or $1.32 a share, a year earlier.
NEW YORK, Nov. 2, 2026 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the "Company") today reported financial results for the three months ended September 30, 2026. The Company reported total quarterly revenue of $4.57 billion, an increase of $833 million or 22% as compared to the amount reported in the prior year quarter.