Q2 2026 Fox Corp Earnings Call Transcript
Key Points
- Fox Corp (FOX) reported a 2% increase in total revenues, reaching $5.18 billion for the fiscal second quarter.
- Advertising revenues grew by 1%, driven by strong linear pricing and robust revenue growth at Tubi.
- Fox Sports achieved record-breaking ad revenue for the Major League Baseball postseason and other sports events.
- Tubi delivered its most streamed quarter of all time, with total view time growing 27% year-over-year.
- Fox News Media achieved its highest second quarter advertising revenue ever, with significant demographic expansion and pricing growth.
- Quarterly adjusted EBITDA decreased to $692 million from $781 million in the prior year quarter due to higher expenses.
- Net income attributable to stockholders decreased to $229 million from $373 million in the prior year period.
- Free cash flow recorded a deficit of $791 million this quarter, consistent with the seasonality of working capital cycles.
- Television content and other revenues were down 19% year-over-year, primarily due to lower revenues tied to entertainment production studios.
- The company faced higher sports programming and production costs, impacting overall expenses.
Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation second quarter fiscal year 2026 earnings conference call.
(Operator Instructions) As a reminder, this conference is being recorded. I'll now turn the conference over to Chief Investor Relations Officer, Ms. Gabrielle Brown. Please go ahead, Ms. Brown.
Thank you, Christa. Good morning, and welcome to our fiscal 2026 second quarter earnings call. Joining me on the call today are Lachlan Murdoch, Executive Chair and Chief Executive Officer; John Nallen, President and Chief Operating Officer; Steven Tomsic, our Chief Financial Officer.
First, Lachlan and Steve will give some prepared remarks on the most recent quarter, and then we'll take questions from the investment community. Please note that this call may include forward-looking statements regarding Fox Corporation's financial performance and operating results.
These statements are based on management's current
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