Sales Trends and Financial Updates
Sales for Burger King and Tim Hortons have seen an uptick, attributed to resilient customer traffic. In contrast, Kimberly-Clark reported a decrease in profits. There’s also been a rise in discounts on Hershey products, while Dictionary.com has selected “67” as its word of the year.
The shares of Fox Co., Ltd. reached an intraday high on Thursday after the media company announced record advertising revenue for the first quarter. The parent organization of Fox News and FOX Business reported a quarterly revenue of $3.74 billion for its fiscal first quarter of 2026, ending September 30. This marks an increase of $174 million, or 5%, from the same quarter last year.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| Foxa | Fox Co., Ltd. | 65.51 | +4.70 | +7.73% |
Fox CEO Lachlan Murdoch shared in a briefing that advertising revenue rose by 6% during the quarter despite the previous year’s political revenue boost, thanks to strong performance in news, sports, entertainment, and Tubi. “This growth is supported by increased engagement across our offerings, distinguishing us from competitors and reinforcing the strength of our brand within the industry,” Murdoch noted.
Leadership Update at FOX
In other news, Fox has promoted Robert Heumann to CEO of FOX’s Credible.
During the quarter, overall advertising revenue surpassed $1.4 billion, a notable increase from about $1.3 billion in the same timeframe the previous year. This quarter’s advertising revenue is the highest in the history of Fox News Media.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| fox | Fox Co., Ltd. | 58.83 | +4.48 | +8.24% |
Within the Fox cable network, advertising revenue for the first quarter of 2026 was $345 million, a rise from $321 million in the first quarter of 2025, largely due to increased pricing for news slots.
The total revenue for Fox’s cable network programming reached $1.66 billion, showing an increase of $65 million, or 4%, compared to the previous year. Murdoch remarked, “Our share compared to news competitors is up by 63%. And for prime time, I think we’re seeing a 65% increase compared to our rivals. Importantly, we remain the leading channel in all of television year-to-date.” Fox News Channel continues to surpass ABC, CBS, and NBC in weekday prime-time viewership thus far this year, as reported by Nielsen Media Research.
Future Directions
Fox Corporation and News Corporation will not be merging, maintaining their separate identities.
Fox is experiencing ongoing momentum with increasing demand. “FOX News has attracted about 350 new national clients this year. They are actively spending and, in general, increasing their expenditures, which enhances pricing,” Murdoch added.
Additionally, Fox announced plans for an accelerated investment of $1.5 billion. Share repurchase trading will commence on Friday, October 31st. The strategy involves repurchasing $700 million of Class A common stock and $800 million of Class B common stock, which is expected to be completed in the latter half of fiscal 2026.
Since the start of the year, the stock has risen over 33%, outperforming the S&P 500’s 16% gain.
