Fox Reports Record Q1 Revenue and EBITDA Fueled by World Cup Advertising
Nov 2, 2026, 8:19 AM EST1 sourcesAI-analyzed
Why it may matterVerify against the original reporting
Strong beat on revenue and EBITDA, with World Cup-driven ad growth likely to persist into subsequent quarters; earnings beat and improved margins support multiple expansion or at least a favorable re-rating.
AI summary
What happened, with direct paths to the underlying reporting
Fox posted Q1 2027 results with revenue of $4.57B, up 22% year-over-year, driven by a 47% jump in advertising from the FIFA World Cup, politics, and Tubi. Advertising strength powered Television and Cable segments, while adjusted EBITDA reached $1.64B (+54%). Management highlighted World Cup momentum and ongoing content strategy as catalysts for continued shareholder value.
Q1 revenue $4.57B, +22% YoY, led by World Cup-driven ad growth.
Advertising up 47% to $2.08B; political ads and Tubi digital growth.
Television EBITDA $934M, up 134%; Cable EBITDA $859M, up 7%.
Net income $957M; EPS $2.20; Adjusted EBITDA $1.641B, +54%.
Higher sports rights costs and World Cup timing weigh on expenses; Roku deal noted.
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