Fox sees a 5% increase in revenue due to high advertising demand.

Fox Revenue and Profit Report

Fox announced on Thursday that its revenue grew nearly 5% in the latest quarter, driven by strong advertising demand across its various sectors.

For the fiscal first quarter, revenue reached $3.74 billion, marking a 4.9% increase and surpassing Wall Street’s expectations of $3.57 billion.

Advertising revenue jumped 6% in the three months ending September 30.

Segments contributing significantly include Fox’s Tubi streaming service, news operations, and NFL offerings, which are all attracting substantial advertising dollars.

Revenue from Fox’s cable operations—encompassing Fox News, Fox Business, and Fox Sports 1—rose to $1.66 billion, reflecting a 4.1% increase from the previous year.

Sales from the television division also saw a 5% rise, totaling $2.05 billion.

In terms of profits, Fox reported earnings of $599 million, or $1.32 per share. This is a drop from $827 million, or $1.78 per share, in the same period last year.

Net income was $609 million, down from $832 million a year prior.

The company linked this decrease to rising costs associated with entertainment programming as well as increased expenses related to digital marketing and content.

If we look at adjusted earnings excluding specific one-time items, Fox reported $1.51 per share, which surpassed analyst expectations of $1.11, according to FactSet.

Additionally, the company noted that higher prices and viewership ratings helped counterbalance a dip in political advertising revenue.

CEO Lachlan Murdoch commented, “We are seeing continued engagement growth among our viewers across our offerings, which is supporting the robust advertising demand we observe in sports, news, entertainment, and Tubi.”

Around the midpoint of the quarter, Fox introduced a new streaming service called Fox One. This service merges Fox News and Fox Sports programming for a monthly subscription of $19.99.

Murdoch mentioned that the uptake of Fox One has “exceeded expectations.”

On the financial front, Fox also revealed a $1.5 billion stock repurchase plan. The goal is to buy back $700 million of Class A common stock and $800 million of Class B common stock, with the transaction anticipated to finalize in the latter half of fiscal 2026.