Fox Corporation Sees Ad Revenue Surge Driven by Robust News and Sports Programming
State Street Investment Management CIO Michael Arone breaks down after-the-bell earnings and shares his top stock picks on ‘The Claman Countdown.’
Fox Corporation recently announced its second-quarter earnings, surpassing analysts’ expectations thanks to a boost in advertising revenue from its news networks and sports programming.
For the second quarter of its 2026 fiscal year, the company reported a revenue of $5.18 billion, marking a 2% increase from the same period last year and exceeding the LSEG estimate of $5.06 billion. Distribution revenues rose by 4%, primarily driven by a 5% growth in Fox’s cable network programming segment.
Advertising revenues saw a modest increase of 1%, largely attributed to higher ad pricing during sports and news programs, additional MLB postseason games, and digital growth led by Tubi, Fox’s free ad-supported streaming platform. However, this growth was somewhat offset by a decline in political advertising revenues and lower ratings.
Fox Corp. is the parent company of Fox News Digital, Fox News Channel, and FOX Business Network. (Erik McGregor/LightRocket via Getty Images)
FOX CORP HITS ADVERTISING REVENUE RECORD IN FIRST QUARTER
Fox’s cable programming, which encompasses Fox News Channel, FOX Business Network, and its cable sports networks, experienced a revenue growth of 5%, reaching $2.28 billion for the quarter. Advertising revenue in this segment rose by approximately 7%.
Fox CEO Lachlan Murdoch emphasized the company’s adaptability during the earnings call, stating, “Whether streaming, linear, social, or digital, Fox News Media continues to meet our audiences where they are.” He noted that the fast-paced news cycle over the past year has solidified Fox News Media’s leadership position, with audiences increasingly turning to the network for live coverage and in-depth analysis.
Fox Corp. CEO Lachlan Murdoch noted the rise in advertising revenue despite political ad spending declining compared with last year. (Drew Angerer/Getty Images)
Murdoch highlighted that Fox News finished the quarter as the most-watched cable network in total day, maintaining its lead as the top cable news network and producing the top 11 cable news programs. Recent Nielsen data indicates that Fox News is the number one cable news network across all three political parties, which is promising for the upcoming political election cycle.
APPLE SEES BIGGEST SALES JUMP IN 4 YEARS, POWERED BY ‘STAGGERING’ IPHONE DEMAND
On the digital front, social media views for Fox News Digital surged by an impressive 170% compared to the previous year. Both Fox News and FOX Business ranked first in YouTube video views among their peers during the quarter, according to Murdoch.
He also noted that Tubi experienced its most streamed quarter ever, with total viewer time increasing by 27% year-over-year. The platform’s content slate is expanding, including a simulcast of an NFL game on Thanksgiving.
TUBI CEO: TUBI IS COMMITTED TO BEING A FREE STREAMER
Fox’s subscription streaming service, Fox One, completed its first full quarter since launching in August. Murdoch mentioned that there has been no cannibalization of traditional subscribers to date, as the company aims to market the platform to cord-cutters.
He stated that live sporting events are driving most of the engagement on Fox One, with news accounting for about one-third of the minutes viewed. Notably, news viewers engage with the platform more frequently than non-news viewers.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Fox Corporation is the parent company of FOX Business.
State Street Investment Management CIO Michael Arone breaks down after-the-bell earnings and shares his top stock picks on ‘The Claman Countdown.’
Fox Corporation recently announced its second-quarter earnings, surpassing analysts’ expectations thanks to a boost in advertising revenue from its news networks and sports programming.
For the second quarter of its 2026 fiscal year, the company reported a revenue of $5.18 billion, marking a 2% increase from the same period last year and exceeding the LSEG estimate of $5.06 billion. Distribution revenues rose by 4%, primarily driven by a 5% growth in Fox’s cable network programming segment.
Advertising revenues saw a modest increase of 1%, largely attributed to higher ad pricing during sports and news programs, additional MLB postseason games, and digital growth led by Tubi, Fox’s free ad-supported streaming platform. However, this growth was somewhat offset by a decline in political advertising revenues and lower ratings.
Fox Corp. is the parent company of Fox News Digital, Fox News Channel, and FOX Business Network. (Erik McGregor/LightRocket via Getty Images)
FOX CORP HITS ADVERTISING REVENUE RECORD IN FIRST QUARTER
Fox’s cable programming, which encompasses Fox News Channel, FOX Business Network, and its cable sports networks, experienced a revenue growth of 5%, reaching $2.28 billion for the quarter. Advertising revenue in this segment rose by approximately 7%.
Fox CEO Lachlan Murdoch emphasized the company’s adaptability during the earnings call, stating, “Whether streaming, linear, social, or digital, Fox News Media continues to meet our audiences where they are.” He noted that the fast-paced news cycle over the past year has solidified Fox News Media’s leadership position, with audiences increasingly turning to the network for live coverage and in-depth analysis.
Fox Corp. CEO Lachlan Murdoch noted the rise in advertising revenue despite political ad spending declining compared with last year. (Drew Angerer/Getty Images)
Murdoch highlighted that Fox News finished the quarter as the most-watched cable network in total day, maintaining its lead as the top cable news network and producing the top 11 cable news programs. Recent Nielsen data indicates that Fox News is the number one cable news network across all three political parties, which is promising for the upcoming political election cycle.
APPLE SEES BIGGEST SALES JUMP IN 4 YEARS, POWERED BY ‘STAGGERING’ IPHONE DEMAND
On the digital front, social media views for Fox News Digital surged by an impressive 170% compared to the previous year. Both Fox News and FOX Business ranked first in YouTube video views among their peers during the quarter, according to Murdoch.
He also noted that Tubi experienced its most streamed quarter ever, with total viewer time increasing by 27% year-over-year. The platform’s content slate is expanding, including a simulcast of an NFL game on Thanksgiving.
TUBI CEO: TUBI IS COMMITTED TO BEING A FREE STREAMER
Fox’s subscription streaming service, Fox One, completed its first full quarter since launching in August. Murdoch mentioned that there has been no cannibalization of traditional subscribers to date, as the company aims to market the platform to cord-cutters.
He stated that live sporting events are driving most of the engagement on Fox One, with news accounting for about one-third of the minutes viewed. Notably, news viewers engage with the platform more frequently than non-news viewers.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Fox Corporation is the parent company of FOX Business.
