The company recorded total revenues of $5.18 billion, an increase of 2% compared with the same quarter last year.
Fox Corporation reported its financial results for the quarter ended December 31, 2025, posting revenue growth despite a challenging environment for political advertising and higher operating costs.
The company recorded total revenues of $5.18 billion, up 2% year over year, driven by a 4% increase in distribution revenues, mainly due to a 5% rise in the cable network programming segment.
Advertising revenues increased 1%, supported by higher pricing in sports and news advertising inventory, as well as digital growth led by the ad-supported streaming service Tubi (AVOD) and the impact of additional MLB postseason games. This growth was partially offset by lower political advertising revenues and a decline in ratings in certain time slots.
In terms of net results, FOX reported net income of $247 million, compared with $388 million in the same period last year. Net income attributable to shareholders was $229 million, or $0.52 per share, versus $0.81 per share in fiscal Q2 2025.
The company also reported adjusted EBITDA of $692 million, down from $781 million in the comparable prior-year quarter, due to higher amortization and production expenses related to sports rights, as well as increased digital marketing costs.
Lachlan Murdoch, Executive Chairman and Chief Executive Officer of FOX, said the results reflect “solid performance with broad-based contributions across our portfolio, even against a difficult prior-year comparison in political advertising.” He added that this performance is the result of “a differentiated strategy and high-quality execution that reflect the strength of our leading brands in news, sports, streaming and entertainment.”
In addition, FOX declared a dividend of $0.28 per share for Class A and Class B shares, payable on March 25, 2026, with a record date of March 4, 2026.
The company also continued its share repurchase program, having bought back approximately $750 million of Class A shares and $800 million of Class B shares during the quarter, with $3.6 billion remaining under its current authorization.
