Companies · FOXA
Fox Corporation
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Latest analysis
Updated Aug 6, 2026
FOX delivers record FY2026 revenue of $17.1B (+5.1% YoY) on World Cup strength and Tubi momentum; Roku acquisition on track for H1 2027 close
FOX Corporation posted record annual revenue of $17.13B and EBITDA of $3.9B in FY2026, driven by the FIFA Men's World Cup broadcast (78% Q4 ad revenue growth), Tubi's 35% revenue acceleration to 110M MAU, and FOX One's subscriber acquisition outpacing expectations with minimal MVPD cannibalization. Q4 results showed 28% revenue growth and 27% EBITDA growth. Management signaled sustained momentum into FY2027 on midterm political advertising (record cycle expected; over $11B total spend tracked industry-wide) and World Cup knockout-stage revenues. The pending $9.75B Roku acquisition, expected to close in H1 2027, will consolidate connected TV distribution and ad capabilities; FOX ended the year with $4.2B cash and $6.6B debt, positioned at 2.8x net leverage post-close.
Tone: bullishRevenue
$17.1B
FOXA 10-K · FY 2026
Employees
10,550
Revenue FY2025
$16.3B
EBITDA margin
22.8%
Profile
FOXA 10-K Item 1 · Aug 6, 2026Fox Corporation is a news, sports and entertainment company operating cable networks, broadcast television, and digital streaming platforms primarily in the U.S. Its portfolio includes FOX News Media, FOX Sports, the FOX broadcast network, Tubi AVOD service, and 29 owned and operated local television stations. The company derives revenue primarily from distribution fees and advertising sales across traditional and digital platforms.
Read filing description ↓ Collapse description ↑
FOX produces and delivers compelling news, sports and entertainment content through its iconic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. The Company differentiates itself in a crowded media and entertainment marketplace through the leadership positions of its brands and premium programming that focus on live and 'appointment-based' content, a significant presence in major markets and broad distribution of its content across traditional and digital platforms, including FOX One, the Company's wholly-owned, direct-to-consumer subscription streaming service. The Cable Network Programming segment produces and licenses news and sports content distributed through traditional and virtual MVPDs and other digital platforms, primarily in the U.S. The Television segment produces, acquires, markets and distributes programming through the FOX broadcast network, advertising-supported video-on-demand ('AVOD') service Tubi, 29 full power broadcast television stations, including 11 duopolies, and other digital platforms, primarily in the U.S. Credible operates consumer finance and insurance marketplaces. The FOX Studio Lot in Los Angeles provides television and film production services along with office space and studio operation services. Corporate and Other principally consists of FOX One, Credible, the FOX Studio Lot and corporate overhead costs.
Primary products
- FOX News
- FOX Business
- FS1
- FS2
- The Big Ten Network
- FOX Deportes
Business segments
End markets
Geographies
Named customers
For fiscal 2026, 2025 and 2024, the Company had no individual customers that accounted for 10% or more of Revenues.
Named competitors
“FOX enjoys leadership positions across its core news, sports and entertainment businesses. As linear television viewership declines across the industry, 'appointment-based' programming that is the FOX hallmark remains resilient.” Competitive position, as stated in the filing
Revenue commentary · FY 2026
Total revenues increased from $16.3 billion in fiscal 2025 to $17.1 billion in fiscal 2026, driven by growth across distribution, advertising and content and other revenue lines.
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