Fox Corporation (FOXA) Earnings Call Transcripts
Fox Corporation's Latest Earnings Call - Q4 FY2026
In the fourth quarter of fiscal year 2026, Fox Corporation reported a significant revenue increase of 28% to $4.2 billion, driven by a remarkable 78% surge in advertising revenue, primarily from the FIFA Men's World Cup. EBITDA also saw a strong growth of 27%, reaching $1.2 billion. Management highlighted a robust advertising environment and strong performance from their streaming services, particularly Tubi and the newly launched FOX One, which exceeded expectations. Guidance for fiscal 2027 remains optimistic, with continued momentum expected from the World Cup and midterm elections, although no changes to NFL rights pricing are anticipated until 2030.
Reported metrics
| Metric | Value |
|---|---|
| Total Revenue | $4.2B (beat) |
| EBITDA | $1.2B (beat) |
| Advertising Revenue Growth | 78% (beat) |
| Tubi Revenue Growth | 35% (beat) |
| Net Income | $691M (miss) |
| Adjusted EPS | $1.79 (beat) |
Guidance from management
Management expects continued advertising momentum into fiscal 2027, driven by the World Cup and midterm elections, with no changes to NFL rights pricing until 2030.
What management said
Great. Thank you, Steve. And now we would be happy to take questions from the investment community. Please note that we are limited in what we can say regarding Fox's pending Roku transaction at this time. We have filed materials about the transaction, including the merger agreement with the SEC. When we filed the registration statement for the transaction, it will provide additional information. For today, we would ...
Mike, just in terms of the digital investments, just to remind people, in fiscal '25, we were just under $300 million in digital investments. This current year, just picking up the comments Lachlan had about Tubi and the outperformance there, plus the incredible outperformance we saw at FOX One so that, that digital investment number collectively come in at less than $200 million in the most recent fiscal year. So fi...
What analysts pressed on
Analysts expressed concerns about the sustainability of advertising revenue growth post-World Cup and the competitive landscape for Tubi amidst rising competition in the CTV market. There were also questions regarding the implications of the Roku acquisition on Fox's existing digital strategy.
Main topics on the call
- Record Revenue Growth — Fox Corporation achieved a record revenue of over $17 billion for fiscal 2026, with a 5% increase year-over-year. Management stated, "These are excellent results, made even more impressive by comparison to the especially...
- Strong Advertising Revenue — Advertising revenue surged by 78% in Q4, driven by the World Cup and strong performance from Tubi. Lachlan Murdoch noted, "The World Cup demonstrated the unique power of FOX to deliver live premium sports that bring peop...
- Tubi Performance — Tubi experienced a 35% revenue growth in Q4, with total viewing time increasing by 17%. Management highlighted that Tubi's audience is primarily composed of cord-cutters, making it an attractive platform for advertisers.
- Pending Acquisition of Roku — Management confirmed that the acquisition of Roku is on track for completion in the first half of calendar 2027, which is expected to enhance Fox's position in connected TV distribution and advertising.
Read the full Fox Corporation transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Fox Corporation
Fox Corporation (FOXA) is a publicly listed company in the Media industry, within the Communication Services sector. It trades on NasdaqGS and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 61 calls on record spanning February 5, 2020 to August 6, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 61 Fox Corporation earnings call transcripts on record, spanning February 5, 2020 to August 6, 2026. Based on this history, Fox Corporation reports quarterly. The most recent call on file is dated August 6, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- FOXA
- Exchange
- NasdaqGS
- Country
- US
- Sector
- Communication Services
- Industry
- Media
- Calls on record
- 61
- First call
- February 5, 2020
- Most recent
- August 6, 2026
- Reporting cadence
- quarterly