Articles > Fox Corporation (FOXA) Beats Wall Street Estimates with Strong Q3 2026 Earnings
- Fox Corporation (FOXA) reported quarterly earnings of $1.32 per share, exceeding the Zacks Consensus Estimate of $1.02 per share
- The company's fiscal third-quarter revenue reached $4 billion, with adjusted EBITDA of $954 million, up 11% from the previous year
- Fox acquired rights to broadcast two additional NFL games, with CEO Lachlan Murdoch expressing no tension with the league
- Total quarterly revenue for Fox dipped to $3.99 billion, attributed to the absence of Super Bowl broadcast
- The company showcased strength in advertising sales within its sports and news divisions, along with growth in the Tubi streaming service
Fox Corporation (FOXA) exceeded Wall Street estimates with its impressive performance in the third quarter of 2026. The company reported earnings of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.02 per share. This was a significant improvement from the $1.1 per share reported in the same quarter the previous year.
In addition to beating earnings expectations, Fox posted strong financial results for the quarter. The company reported fiscal third-quarter revenue of $4 billion and adjusted EBITDA of $954 million, marking an 11% increase from the previous year. This growth was attributed to distribution revenue growth, advertising strength in Fox News, and strong digital momentum, which helped offset the impact of not broadcasting the Super Bowl compared to the previous year.
CEO Lachlan Murdoch announced that Fox had acquired rights to two additional regular season NFL games. These acquisitions, including an international game scheduled for week 10, contributed to the company's revenue growth and strategic positioning in the sports broadcasting landscape. Murdoch also emphasized that there was no tension between Fox and the NFL, indicating a positive and collaborative relationship between the two entities.
Despite the overall positive performance, Fox's total quarterly revenue dipped to $3.99 billion, down from $4.37 billion in the same quarter the year before. The decrease was primarily attributed to the absence of the Super Bowl broadcast in the current fiscal year, leading to lower advertising income. However, distribution revenue saw a 3% increase, driven by 5% growth in the cable network programming segment, highlighting the resilience and diversity of Fox's revenue streams.
In the midst of financial reports, the company is gearing up for the World Cup and focusing on innovative strategies to drive growth. Fox showcased its strength in advertising sales within its sports and news divisions, along with the positive performance of its Tubi streaming service. The company's proactive approach to acquisitions and revenue diversification positions it well for future success in the evolving media landscape.
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Fox Corporation (FOXA) Beats Wall Street Estimates with Strong Q3 2026 Earnings
By KlickAnalytics Data Insights | May 11, 2026 08:02PM ET
Key Points
- Fox Corporation (FOXA) reported quarterly earnings of $1.32 per share, exceeding the Zacks Consensus Estimate of $1.02 per share
- The company's fiscal third-quarter revenue reached $4 billion, with adjusted EBITDA of $954 million, up 11% from the previous year
- Fox acquired rights to broadcast two additional NFL games, with CEO Lachlan Murdoch expressing no tension with the league
- Total quarterly revenue for Fox dipped to $3.99 billion, attributed to the absence of Super Bowl broadcast
- The company showcased strength in advertising sales within its sports and news divisions, along with growth in the Tubi streaming service
Fox Corporation (FOXA) exceeded Wall Street estimates with its impressive performance in the third quarter of 2026. The company reported earnings of $1.32 per share, surpassing the Zacks Consensus Estimate of $1.02 per share. This was a significant improvement from the $1.1 per share reported in the same quarter the previous year.
In addition to beating earnings expectations, Fox posted strong financial results for the quarter. The company reported fiscal third-quarter revenue of $4 billion and adjusted EBITDA of $954 million, marking an 11% increase from the previous year. This growth was attributed to distribution revenue growth, advertising strength in Fox News, and strong digital momentum, which helped offset the impact of not broadcasting the Super Bowl compared to the previous year.
CEO Lachlan Murdoch announced that Fox had acquired rights to two additional regular season NFL games. These acquisitions, including an international game scheduled for week 10, contributed to the company's revenue growth and strategic positioning in the sports broadcasting landscape. Murdoch also emphasized that there was no tension between Fox and the NFL, indicating a positive and collaborative relationship between the two entities.
Despite the overall positive performance, Fox's total quarterly revenue dipped to $3.99 billion, down from $4.37 billion in the same quarter the year before. The decrease was primarily attributed to the absence of the Super Bowl broadcast in the current fiscal year, leading to lower advertising income. However, distribution revenue saw a 3% increase, driven by 5% growth in the cable network programming segment, highlighting the resilience and diversity of Fox's revenue streams.
In the midst of financial reports, the company is gearing up for the World Cup and focusing on innovative strategies to drive growth. Fox showcased its strength in advertising sales within its sports and news divisions, along with the positive performance of its Tubi streaming service. The company's proactive approach to acquisitions and revenue diversification positions it well for future success in the evolving media landscape.
For more information:
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