Q3 2026 Fox Corp Earnings Call Transcript
Key Points
- Fox Corp (FOX) reported $4 billion in revenue and an 11% growth in EBITDA, reflecting strong core top-line delivery from ongoing advertising trends and distribution revenue growth.
- FOX News achieved its highest third-quarter advertising revenue ever, driven by compelling and timely reporting during consequential news cycles.
- FOX Sports experienced significant viewership increases, with the World Baseball Classic ratings up over 150% compared to the 2023 tournament.
- Tubi's revenue grew by 23%, with a 19% increase in total view time, maintaining strong momentum from library content and original programming.
- FOX One showed promising early success with new subscriber additions and retention outperforming expectations, contributing positively to distribution revenue growth.
- Advertising revenue declined due to the absence of last year's Super Bowl broadcast, impacting overall revenue figures.
- Net income attributable to Fox stockholders decreased to $166 million from $346 million in the prior year period.
- Television distribution revenue was down 1%, aligning with expectations for flat performance for the full year.
- Total expenses fell 14%, primarily due to differences in the NFL post-season schedule, indicating reliance on sports events for cost management.
- The company faces challenges in maintaining cable network distribution revenue growth amidst evolving media consumption trends.
Thank you for standing by, ladies and gentlemen. Welcome to the Fox Corporation third 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, operator. Good morning, and welcome to our fiscal 2026 third 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; and Steve 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 expectations
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