Fox Corp Q1 Revenue Rises; $1.5B Buyback Announced

Fox Corporation reported fiscal Q1 2026 revenue of $3.74 billion, up 4.9% year‑over‑year and topping Wall Street estimates. Advertising revenue rose about 6% to roughly $1.41 billion, marking Fox News Media’s highest ad‑revenue quarter and driven by stronger pricing and ratings, NFL viewership, digital growth at Tubi and roughly 350 new national advertisers. Adjusted EPS was $1.51, comfortably above consensus, while GAAP operating profit fell to $599 million from $827 million a year earlier and net income was about $609 million as the company absorbed higher digital marketing, content and programming costs. Fox said Tubi reached profitability faster than expected and that adoption of its new Fox One streaming bundle has exceeded management’s expectations, supporting digital ad demand. The company announced a $1.5 billion share buyback, reported improved operating margins but weaker free cash flow, and said analysts remain watchful about near‑term revenue trends despite the stock’s year‑to‑date gains.