Fox Q1 revenue skyrockets 22% to $4.57bn as advertising grows
Key points
- Fox Corporation reported fiscal first-quarter revenue of $4.57 billion, up 22% year over year, while net income increased to $957 million.
- Advertising revenue increased 47%, supported by FIFA Men's World Cup coverage, political advertising and digital growth from Tubi.
- Adjusted EBITDA rose 54% to $1.64 billion, while operating cash flow reached $616 million compared with a $130 million outflow a year earlier.
Fox Corporation (NASDAQ:FOXA) reported fiscal first-quarter 2027 revenue of $4.57 billion, up 22% year over year, as higher advertising and distribution revenue supported stronger earnings.
Net income increased to $957 million from $609 million, while earnings attributable to stockholders rose to $2.20 per share from $1.32 in the previous year's quarter.
The company reported adjusted EBITDA of $1.64 billion, an increase of 54%, as advertising revenue climbed 47% and distribution revenue increased 9%.
Television segment EBITDA rose 134% to $934 million, while Cable Network Programming EBITDA increased 7% to $859 million, although higher sports programming and digital content expenses partly offset revenue growth.
Fox generated $616 million in operating cash flow, compared with a $130 million outflow a year earlier, as stronger advertising and distribution performance supported its quarterly financial results.
Advertising growth was driven primarily by FIFA Men's World Cup coverage, political advertising and digital expansion through Tubi, while distribution revenue benefited from the company's television network operations.
Fox operates television broadcasting, cable programming and digital streaming businesses, including FOX News, FOX Sports, the FOX broadcast network and Tubi, with advertising and distribution agreements forming major revenue sources.
Frequently asked questions
More from United States
Krystal Biotech Q3 revenue improves 30% to $127.3m
TAT Technologies records 20.2% Q3 revenue growth to $55.6M
PSEG Q3 earnings fall as adjusted profit increases
Lumentum Q1 revenue reaches $1.26bn as AI demand grows
Tempus AI Q3 revenue climbs 23% to $411.5M
NAPCO Q1 profit advances 6.9% as services revenue climbs
