Fox Corporation — Q1 Fiscal 2027 Earnings Summary

Fox Corporation reported first-quarter fiscal 2027 revenue of $4.57 billion, representing a 22% increase from the prior year quarter, driven by a 47% rise in advertising revenue and 9% growth in distribution revenue. Net income attributable to stockholders reached $943 million, or $2.20 per share, compared to $599 million in the same period last year, while Adjusted EBITDA rose 54% to $1.64 billion. The significant financial performance was largely supported by the broadcast of the FIFA Men's World Cup, higher political advertising, and continued digital growth from the Tubi AVOD service. Despite these gains, expenses increased due to higher sports programming rights amortization and production costs associated with the World Cup.