FOXA Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
Fox posts Q4 earnings and revenue beats as FIFA Men's World Cup, Tubi growth and stronger advertising drive results and fuel fiscal 2027 optimism.

Fox Corporation (FOXA) is a prominent U.S.-based media entity, primarily engaged in the creation and distribution of news, sports, and entertainment content. ...
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$0.56 per share
Est. EPS $5.96 · Revenue $17.61B · 12 analysts
Est. EPS $1.20 · Revenue $4.30B · 8 analysts
Est. EPS $5.86 · Revenue $17.94B · 11 analysts
$0.56 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $17.1B | +5.1% | +5.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $1.7B | -25.5% | +316.3% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +36.6% | +10.6% | +28.3% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +19.5% | -1.4% | +16.6% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +9.8% | -29.1% | +294.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $1.5B | -51.0% | +49.1% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +8.6% | -53.3% | +41.4% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 56.8% | -9.0% | -5.7% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 3.17x | +8.9% | +9.4% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $22.5B | -3.1% | +3.2% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 3.84 vs 5.07 | -24.3% | 1.62 vs 1.20 | +34.9% |
| Revenue Surprise | $17.1B vs $16.6B | +3.3% | $4.2B vs $4.3B | -2.1% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 8, 2025 | MURDOCH KEITH RUPERT | other: Chairman Emeritus | Performance Stock Units | A | 110,002 | — |
| Aug 8, 2025 | Ciongoli Adam G. | officer: Chief Legal and Policy Officer | Performance Stock Option (Right to Buy) | A | 41,597 | $54.03 |
| Aug 8, 2025 | Ciongoli Adam G. | officer: Chief Legal and Policy Officer | Restricted Stock Units | A | 27,262 | — |
| Aug 8, 2025 | Tomsic Steven | officer: Chief Financial Officer | Performance Stock Units | A | 47,139 | — |
| Aug 8, 2025 | Tomsic Steven | officer: Chief Financial Officer | Performance Stock Option (Right to Buy) | A | 41,597 | $54.03 |
Operator: Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation Fourth 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. Gabrielle Brown: Thank you, Polly. Good morning, and welcome to our fiscal 2026 fourth 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, and actual results could differ from what is stated as a result of certain factors identified on today's call and in the company's SEC filings. Additionally, this call will include certain non-GAAP financial measures, including adjusted EPS and adjusted EBITDA or EBITDA, as we refer to it on this call. Reconciliations of non-GAAP financial measures are included in our earnings release and our SEC filings, which are available in the Investor Relations section of our website. We also refer to free cash flow, which we define as net cash provided by operating activities less capital expenditures. And with that, I'm pleased to turn the call over to Lachlan. Lachlan Murdoch: Thank you, Gaby, and thank you all for joining us today. Our fiscal 2026 was a notable year for FOX. We successfully launched our direct-to-consumer streaming service, FOX One, broadcast the FIFA Men's World Cup to record audiences in the U.S., continued to keep America informed through a dynamic and fast-moving news cycle, enhanced Tubi's position as a leading streaming service and announced the next chapter in FOX's digital evolution with our pending acquisition of Roku. These milestones were underpinned by a year of record financial performance. Revenue grew by 5% to over $17 billion, driven by record advertising and distribution revenue, while EBITDA grew 8% to a record $3.9 billion. These are excellent results, made even more impressive by comparison to the especially strong prior year, which benefited from the Super Bowl and the presidential election. We closed the year with outstanding top and bottom line momentum. Our fiscal fourth quarter total revenue increased 28% to $4.2 billion and EBITDA improved 27% to $1.2 billion. On the distribution side, revenue in the fourth quarter increased 5%, supported in part by the strong momentum of FOX One, which continues to exceed our expectations. Advertising revenue during the quarter was notably strong, increasing 78% with growth fueled by continued …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Lachlan Keith Murdoch | Executive Chairman & Chief Executive Officer | USD 16,518,862 | Male | 1971 | Active |
John Nallen | President & Chief Operating Officer | USD 9,759,652 | Male | 1957 | Active |
Adam G. Ciongoli | Chief Legal & Policy Officer | USD 7,008,121 | Male | 1969 | Active |
Steven Silvester Tomsic | Chief Financial Officer | USD 7,006,973 | Male | 1969 | Active |
Nicholas Trutanich | Executive Vice President of Litigation, Chief Ethics & Compliance Officer | — | Male | — | Active |
Gabrielle Brown | Executive Vice President & Chief Investor Relations Officer | — | Female | — | Active |
Jason Klarman | Chief Digital & Marketing Officer of FOX News Media | — | Male | — | Active |
Jeff Collins | President of Advertising Sales, Marketing & Brand Partnerships | — | Male | — | Active |
Kevin E. Lord | Executive Vice President & Chief Human Resources Officer | — | Male | 1963 | Active |
Brian Nick | Chief Communications Officer & Executive Vice President | — | Male | — | Active |
Fox posts Q4 earnings and revenue beats as FIFA Men's World Cup, Tubi growth and stronger advertising drive results and fuel fiscal 2027 optimism.

Streaming company Roku Inc (NASDAQ:ROKU) announced second-quarter financial results Thursday after market close.

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, Roku, Inc. (NASDAQ: ROKU) released second quarter 2026 results. Visit the Roku investor relations website to view the second quarter 2026 letter to shareholders. On June 15, 2026, Fox Corporation (Nasdaq: FOXA, FOX) and Roku announced a definitive agreement under which FOX will acquire Roku. In light of the pending transaction, Roku will not host an earnings call and will not provide financial outlook. About Roku Roku pioneered streaming on TV. Today, i.

Fox's quarterly revenue got a boost from the FIFA Men's World Cup, which kicked off in June this year and aired on the company's broadcast, pay TV and streaming platforms. The World Cup brought big audiences and it also helped drive growth for Fox's free ad-supported streaming service, Tubi, which featured some content from the tournament.

While the top- and bottom-line numbers for Fox (FOXA) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
