FOX REPORTS THIRD QUARTER FISCAL 2026 REVENUE OF $3.99 BILLION, NET INCOME OF $175 MILLION, AND ADJUSTED EBITDA OF $954 MILLION

Rhea-AI Summary

Fox (Nasdaq: FOX) reported fiscal Q3 2026 revenue of $3.99 billion versus $4.37 billion a year earlier. Net income was $175 million versus $354 million, while Adjusted EBITDA rose 11% to $954 million.

Advertising revenue fell without Super Bowl LIX, partly offset by Tubi growth and an extra NFL Wild Card game. Cable Network Programming revenue grew 6%; Television EBITDA rose to $191 million from $60 million on lower sports costs. Fox has repurchased $8.5 billion of stock, with $3.5 billion authorization remaining.

Positive

• Adjusted EBITDA increased 11% year-over-year to $954 million
• Adjusted net income attributable to stockholders rose to $570 million or $1.32 per share
• Television segment EBITDA increased to $191 million from $60 million on lower sports costs
• Cable Network Programming segment revenue grew 6% to $1.74 billion
• Cumulative share repurchases reached $8.5 billion with $3.5 billion authorization remaining

Negative

• Total quarterly revenue declined to $3.994 billion from $4.371 billion year-over-year
• Advertising revenue decreased 24% to $1.556 billion, mainly due to no Super Bowl LIX broadcast
• Net income fell to $175 million versus $354 million in the prior-year quarter
• Television segment revenue decreased to $2.20 billion from $2.70 billion year-over-year

News Market Reaction – FOX

+8.09%

30 alerts

+8.09% Session close to close

+3.2% Peak in 6 hr 29 min

$26.14B Market Cap

1.3x Rel. Volume

In the May 11 session, FOX gained 8.09%, reflecting a notable positive market reaction. Argus tracked a peak move of +3.2% during that session. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +8.1% in the session following this news. A strong positive reaction aligns with FOX...

Analysis

The stock moved +8.1% in the session following this news. A strong positive reaction aligns with FOX’s history of sizable moves around detailed earnings updates, such as the +8.24% response to Q1 FY2026 results. However, past Q2 FY2026 numbers saw a -3.77% move despite solid Adjusted EBITDA, underscoring that sentiment can swing. Investors watching a surge around Q3 FY2026 figures may monitor sustainability of advertising trends and the impact of ongoing share repurchases.

Key Figures

Q3 FY26 revenue: $3.99 billion Q3 FY26 net income: $175 million Adjusted EBITDA: $954 million +5 more

8 metrics

Q3 FY26 revenue $3.99 billion Three months ended March 31, 2026; vs $4.37B prior-year quarter

Q3 FY26 net income $175 million Quarterly net income; vs $354M prior-year quarter

Adjusted EBITDA $954 million Q3 FY26 Adjusted EBITDA; up $98M or 11% vs prior-year quarter

Adjusted net income $570 million Adjusted net income attributable to stockholders; vs $507M prior-year quarter

Adjusted EPS $1.32 per share Adjusted net income per share; vs $1.10 prior-year quarter

GAAP EPS $0.38 per share Net income per share; vs $0.75 prior-year quarter

Advertising revenue $1.56 billion Q3 FY26 advertising; vs $2.04B prior-year quarter

Buyback authorization $3.5 billion Remaining share repurchase authorization as of March 31, 2026

Previous Earnings Reports

5 past events · Latest: Apr 20 (Neutral)

Same Type Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Apr 20	Earnings webcast notice	Neutral	-0.9%	Announcement of Q3 FY2026 results webcast timing and access details.
Feb 04	Q2 FY2026 results	Positive	-3.8%	Reported Q2 FY2026 revenue of $5.18B and Adjusted EBITDA of $692M.
Jan 21	Earnings webcast notice	Neutral	+0.5%	Notice of Q2 FY2026 webcast schedule and release time for results.
Oct 30	Q1 FY2026 results	Positive	+8.2%	Q1 FY2026 revenues of $3.74B and Adjusted EBITDA of $1.07B with buyback plan.
Oct 30	Q1 FY2026 results	Positive	+8.2%	Repeat entry: same Q1 FY2026 earnings release and accelerated repurchase.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Earnings-related news has produced mixed reactions, with one strong positive move on Q1 FY2026 results and a notable negative move on Q2 FY2026 results, while webcast notices around earnings dates have had smaller impacts.

Recent Company History

Over the past few quarters, FOX’s earnings cycle has featured sizable headline numbers and active capital returns. Q1 FY2026 results on Oct 30, 2025 showed revenue growth to $3.74 billion and $1.07 billion in Adjusted EBITDA, accompanied by a $1.5 billion accelerated share repurchase, and the stock moved about +8.24%. Q2 FY2026 results on Feb 4, 2026 delivered $5.18 billion in revenue and $692 million in Adjusted EBITDA but saw a roughly -3.77% reaction. Webcast announcements around Q2 and Q3 have historically had modest price effects.

Key Terms

adjusted ebitda, segment ebitda, avod, share repurchase program

4 terms

adjusted ebitda financial

"Quarterly Adjusted EBITDA[2] was $954 million, an increase of $98 million..."

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

segment ebitda financial

"Cable Network Programming reported quarterly segment EBITDA of $884 million..."

Segment EBITDA measures how much profit a specific part of a company generates from its core operations, before accounting for interest, taxes and long-term accounting items like depreciation and amortization. Investors use it like inspecting a single slice of a pie to compare which business units are most profitable, track performance trends, and decide where to allocate capital because it highlights underlying operating results without financing or accounting differences.

avod technical

"continued digital growth led by the Tubi AVOD service."

AVOD stands for ad-supported video-on-demand, a streaming business model where viewers watch shows or movies for free or low cost while ads play during the content. For investors it matters because this model trades higher audience reach and faster user growth for lower revenue per viewer and greater dependence on advertising rates and ad-selling performance, much like a free newspaper that earns money from ads rather than subscriptions.

share repurchase program financial

"SHARE REPURCHASE PROGRAM As of March 31, 2026, the Company has cumulatively repurchased..."

A share repurchase program is when a company buys back its own shares from the marketplace. This reduces the total number of shares available, which can increase the value of each remaining share and signal confidence in the company's prospects. For investors, it often suggests that the company believes its stock is undervalued or that it has extra cash to return to shareholders.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

NEW YORK, May 11, 2026 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the "Company") today reported financial results for the three months ended March 31, 2026.

The Company reported total quarterly revenue of $3.99 billion as compared to the $4.37 billion reported in the prior year quarter. Distribution revenue increased 3%, driven by 5% growth at the Cable Network Programming segment. Advertising revenue was $1.56 billion as compared to the $2.04 billion reported in the prior year quarter, primarily due to the absence of the prior year broadcast of Super Bowl LIX, partially offset by the impact of an additional NFL Wild Card game and continued digital growth led by the Tubi AVOD service. Content and other revenue increased 12% primarily due to higher sports sublicensing revenue.

The Company reported quarterly net income of $175 million as compared to the $354 million reported in the prior year quarter. Net income attributable to Fox Corporation stockholders was $166 million ($0.38 per share) as compared to the $346 million ($0.75 per share) reported in the prior year quarter. Adjusted net income attributable to Fox Corporation stockholders^[1] was $570 million ($1.32 per share) as compared to the $507 million ($1.10 per share) reported in the prior year quarter.

Quarterly Adjusted EBITDA^[2] was $954 million, an increase of $98 million or 11% from the amount reported in the prior year quarter, as the revenue decrease noted above was more than offset by lower expenses. The decrease in expenses was primarily due to lower sports programming rights amortization and production costs, led by the absence of the prior year broadcast of Super Bowl LIX, partially offset by the impact of an additional NFL Wild Card game and costs associated with the launch of Fox One.

Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said:

"Our fiscal third quarter results once again demonstrate continued strength and momentum across our business. This strong performance, led by robust core advertising trends, underscores FOX's leadership in live programming, bolstered by continued strength at our leading free streaming service, Tubi. Against this backdrop, we are proud to be bringing the world's biggest sporting event to American homes with the FIFA Men's World Cup hosted here in North America across June and July. Meanwhile we remain steadfast in our commitment to delivering long-term shareholder value supported by our strong balance sheet."

REVIEW OF OPERATING RESULTS
	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	$ Millions
Revenues by Component:
Distribution[3]	$   2,107		$   2,039		$   6,024		$   5,840
Advertising	1,556		2,036		5,423		5,787
Content and other	331		296		1,467		1,386
Total revenues	$   3,994		$   4,371		$  12,914		$  13,013
Segment Revenues:
Cable Network Programming	$   1,741		$   1,636		$   5,678		$   5,398
Television	2,197		2,704		7,184		7,618
Corporate and Other	152		58		365		181
Eliminations	(96)		(27)		(313)		(184)
Total revenues	$   3,994		$   4,371		$  12,914		$  13,013
Adjusted EBITDA:
Cable Network Programming	$     884		$     878		$   2,371		$   2,283
Television	191		60		733		637
Corporate and Other	(121)		(82)		(393)		(235)
Adjusted EBITDA[4]	$     954		$     856		$   2,711		$   2,685
Depreciation and amortization:
Cable Network Programming	$       25		$       24		$       78		$       69
Television	32		28		92		87
Corporate and Other	44		43		129		127
Total depreciation and amortization	$     101		$       95		$     299		$     283

 

CABLE NETWORK PROGRAMMING
	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	$ Millions
Revenues
Distribution	$   1,233		$   1,169		$   3,486		$   3,340
Advertising	390		372		1,226		1,153
Content and other	118		95		966		905
Total revenues	1,741		1,636		5,678		5,398
Operating expenses	(702)		(601)		(2,831)		(2,657)
Selling, general and administrative	(155)		(158)		(476)		(467)
Amortization of cable distribution investments	—		1		—		9
Segment EBITDA	$     884		$     878		$   2,371		$   2,283

Cable Network Programming reported quarterly segment revenue of $1.74 billion, an increase of $105 million or 6% from the amount reported in the prior year quarter. Distribution revenue increased $64 million or 5% as contractual price increases were partially offset by the impact of net subscriber declines. Advertising revenue increased $18 million or 5%, primarily due to higher news pricing partially offset by lower ratings, and the current year broadcast of the World Baseball Classic. Content and other revenue increased $23 million or 24%, primarily due to higher sports sublicensing revenue.

Cable Network Programming reported quarterly segment EBITDA of $884 million, an increase of $6 million or 1% from the amount reported in the prior year quarter, as the revenue increase noted above was partially offset by higher expenses. The increase in expenses was driven by higher sports programming rights amortization.

TELEVISION
	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	$ Millions
Revenues
Advertising	$   1,166		$   1,664		$   4,197		$   4,634
Distribution	858		870		2,510		2,500
Content and other	173		170		477		484
Total revenues	2,197		2,704		7,184		7,618
Operating expenses	(1,736)		(2,359)		(5,642)		(6,191)
Selling, general and administrative	(270)		(285)		(809)		(790)
Segment EBITDA	$     191		$       60		$     733		$     637

Television reported quarterly segment revenue of $2.20 billion as compared to the $2.70 billion reported in the prior year quarter. Advertising revenue was $1.17 billion as compared to the $1.66 billion reported in the prior year quarter, primarily due to the absence of the prior year broadcast of Super Bowl LIX, partially offset by the broadcast of an additional NFL Wild Card game and continued digital growth led by the Tubi AVOD service. Distribution revenue was $858 million as compared to the $870 million reported in the prior year quarter, driven by the impact of net subscriber declines. Content and other revenue increased $3 million or 2%, primarily due to higher entertainment content revenue.

Television reported quarterly segment EBITDA of $191 million, an increase of $131 million from the amount reported in the prior year quarter, as the revenue decrease noted above was more than offset by lower expenses. The decrease in expenses was driven by lower sports programming rights amortization and production costs, led by the absence of the prior year broadcast of Super Bowl LIX, partially offset by the broadcast of an additional NFL Wild Card game.

SHARE REPURCHASE PROGRAM

As of March 31, 2026, the Company has cumulatively repurchased approximately $6.7 billion of its Class A common stock and approximately $1.8 billion of its Class B common stock, with a remaining authorization of $3.5 billion. During the quarter, the Company repurchased approximately $50 million of its Class A common stock and $50 million of its Class B Common stock.

CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTS

This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook" and similar expressions are used to identify these forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company's businesses. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.

Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law.

To access a copy of this press release through the Internet, access Fox Corporation's corporate website located at http://www.foxcorporation.com.

CONSOLIDATED STATEMENTS OF OPERATIONS
	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	$ Millions, except per share amounts
Revenues	$   3,994		$   4,371		$  12,914		$  13,013
Operating expenses	(2,494)		(2,965)		(8,473)		(8,759)
Selling, general and administrative	(546)		(551)		(1,730)		(1,578)
Depreciation and amortization	(101)		(95)		(299)		(283)
Restructuring, impairment and other corporate matters	(32)		(55)		(38)		(251)
Equity losses of affiliates	(20)		(18)		(18)		(11)
Interest expense, net	(66)		(55)		(214)		(185)
Non-operating other, net	(499)		(158)		(785)		156
Income before income tax expense	236		474		1,357		2,102
Income tax expense	(61)		(120)		(326)		(528)
Net income	175		354		1,031		1,574
Less: Net income attributable to noncontrolling interests	(9)		(8)		(37)		(28)
Net income attributable to Fox Corporation stockholders	$     166		$     346		$     994		$   1,546
Weighted average shares:	432		461		443		462
Net income attributable to Fox Corporation stockholders per share:	$     0.38		$     0.75		$     2.24		$     3.35

 

CONSOLIDATED BALANCE SHEETS
	March 31, 2026		June 30, 2025
	$ Millions
Assets:
Current assets:
Cash and cash equivalents	$       3,601		$       5,351
Receivables, net	2,948		2,472
Inventories, net	652		432
Other	337		174
Total current assets	7,538		8,429
Non-current assets:
Property and equipment, net	1,782		1,705
Intangible assets, net	2,943		2,969
Goodwill	3,647		3,639
Deferred tax assets	2,604		2,721
Other non-current assets	3,269		3,732
Total assets	$      21,783		$      23,195
Liabilities and Equity:
Current liabilities:
Accounts payable, accrued expenses and other current liabilities	$       2,603		$       2,897
Total current liabilities	2,603		2,897
Non-current liabilities:
Borrowings	6,605		6,602
Other liabilities	1,415		1,341
Redeemable noncontrolling interests	84		288
Commitments and contingencies
Equity:
Class A common stock, $0.01 par value	2		2
Class B common stock, $0.01 par value	2		2
Additional paid-in capital	7,252		7,603
Retained earnings	3,837		4,479
Accumulated other comprehensive loss	(124)		(124)
Total Fox Corporation stockholders' equity	10,969		11,962
Noncontrolling interests	107		105
Total equity	11,076		12,067
Total liabilities and equity	$      21,783		$      23,195

 

CONSOLIDATED STATEMENTS OF CASH FLOWS
	Nine Months Ended March 31,
	2026		2025
	$ Millions
OPERATING ACTIVITIES:
Net income	$     1,031		$     1,574
Adjustments to reconcile net income to net cash provided by operating activities
Depreciation and amortization	299		283
Restructuring, impairment and other corporate matters	38		168
Equity-based compensation	90		97
Equity losses of affiliates	18		11
Cash distributions received from affiliates	—		13
Non-operating other, net	785		(156)
Deferred income taxes	116		165
Change in operating assets and liabilities, net of acquisitions and dispositions
Receivables and other assets	(546)		(897)
Inventories net of programming payable	(387)		691
Accounts payable and accrued expenses	(226)		(26)
Other changes, net	(115)		(112)
Net cash provided by operating activities	1,103		1,811
INVESTING ACTIVITIES:
Property and equipment	(361)		(212)
Purchase of investments	(168)		(79)
Acquisitions, net of cash acquired	(8)		(91)
Other investing activities, net	(6)		(25)
Net cash used in investing activities	(543)		(407)
FINANCING ACTIVITIES:
Repurchase of shares	(1,900)		(750)
Dividends paid and distributions	(275)		(267)
Purchase of noncontrolling interest	(208)		—
Other financing activities, net	73		109
Net cash used in financing activities	(2,310)		(908)
Net (decrease) increase in cash and cash equivalents	(1,750)		496
Cash and cash equivalents, beginning of year	5,351		4,319
Cash and cash equivalents, end of period	$     3,601		$     4,815

NOTE 1 – ADJUSTED NET INCOME AND ADJUSTED EPS

The Company uses net income attributable to Fox Corporation stockholders and earnings per share ("EPS") attributable to Fox Corporation stockholders excluding net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity earnings (losses) of affiliates, Non-operating other, net, Tax provision and Noncontrolling interest adjustments ("Adjusted Net Income" and "Adjusted EPS" respectively) to evaluate the performance of the Company's operations exclusive of certain items that impact the comparability of results from period to period.

Adjusted Net Income and Adjusted EPS may not be comparable to similarly titled measures reported by other companies. Adjusted Net Income and Adjusted EPS are not measures of performance under GAAP and should be considered in addition to, and not as substitutes for, net income attributable to Fox Corporation stockholders and EPS as reported in accordance with GAAP. However, management uses these measures in comparing the Company's historical performance and believes that they provide meaningful and comparable information to management, investors and equity analysts to assist in their analysis of the Company's performance relative to prior periods and the Company's competitors.

The following table reconciles net income attributable to Fox Corporation stockholders and EPS attributable to Fox Corporation stockholders to Adjusted Net Income and Adjusted EPS for the three months ended March 31, 2026 and 2025:

	Three Months Ended
	March 31, 2026				March 31, 2025
	Income		EPS		Income		EPS
	$ Millions, except per share data
Net income attributable to Fox Corporation stockholders	$     166		$     0.38		$     346		$     0.75
Restructuring, impairment and other corporate matters	32		0.07		55		0.12
Non-operating other, net	499		1.16		158		0.34
Tax provision	(127)		(0.29)		(52)		(0.11)
As adjusted	$     570		$     1.32		$     507		$     1.10

NOTE 2 – ADJUSTED EBITDA

Adjusted EBITDA is defined as Revenues less Operating expenses and Selling, general and administrative expenses. Adjusted EBITDA does not include: Depreciation and amortization, Restructuring, impairment and other corporate matters, Equity earnings (losses) of affiliates, Interest expense, net, Non-operating other, net and Income tax expense. Effective July 1, 2025, the Company no longer removes the impact of amortization of cable distribution investments when calculating Adjusted EBITDA. Prior periods were not restated as the impact of the change is immaterial to the calculation.

Management believes that information about Adjusted EBITDA assists all users of the Company's Unaudited Consolidated Financial Statements by allowing them to evaluate changes in the operating results of the Company's portfolio of businesses separate from non-operational factors that affect Net income, thus providing insight into both operations and the other factors that affect reported results. Adjusted EBITDA provides management, investors and equity analysts a measure to analyze the operating performance of the Company's business and its enterprise value against historical data and competitors' data, although historical results, including Adjusted EBITDA, may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).

Adjusted EBITDA is considered a non-GAAP financial measure and should be considered in addition to, not as a substitute for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment charges, which are significant components in assessing the Company's financial performance. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.

The following table reconciles net income to Adjusted EBITDA for the three and nine months ended March 31, 2026 and 2025:

	Three Months Ended March 31,				Nine Months Ended March 31,
	2026		2025		2026		2025
	$ Millions
Net income	$     175		$     354		$   1,031		$   1,574
Add:
Amortization of cable distribution investments	—		1		—		9
Depreciation and amortization	101		95		299		283
Restructuring, impairment and other corporate matters	32		55		38		251
Equity losses of affiliates	20		18		18		11
Interest expense, net	66		55		214		185
Non-operating other, net	499		158		785		(156)
Income tax expense	61		120		326		528
Adjusted EBITDA	$     954		$     856		$   2,711		$   2,685

 

[1]	Excludes net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity earnings (losses) of affiliates, Non-operating other, net, Tax provision and Noncontrolling interest adjustments. See Note 1 for a description of adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders, which are considered non-GAAP financial measures, and a reconciliation of reported net income attributable to Fox Corporation stockholders and earnings per share attributable to Fox Corporation stockholders to adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders.
[2]	Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.
[3]	The Company generates distribution revenue from agreements with MVPDs for cable network programming and retransmission fees for the broadcast of the Company's owned and operated television stations and from subscription fees for the Company's direct-to-consumer streaming services. In addition, the Company generates distribution revenue from agreements with independently owned television stations that are affiliated with the FOX Network. Prior period amounts have been reclassified to conform to the current presentation.
[4]	Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.

 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/fox-reports-third-quarter-fiscal-2026-revenue-of-3-99-billion-net-income-of-175-million-and-adjusted-ebitda-of-954-million-302768151.html

SOURCE Fox Corporation

FAQ

What were Fox (NASDAQ: FOX) Q3 fiscal 2026 earnings results announced on May 11, 2026?

Fox reported Q3 fiscal 2026 revenue of $3.99 billion and net income of $175 million. According to Fox, Adjusted EBITDA was $954 million, while adjusted net income attributable to stockholders was $570 million, or $1.32 per share, compared with $507 million, or $1.10 per share.

How did advertising revenue change for Fox (FOX) in Q3 fiscal 2026?

Fox’s Q3 fiscal 2026 advertising revenue declined to $1.556 billion from $2.036 billion year-over-year. According to Fox, the drop mainly reflected the absence of Super Bowl LIX, partly offset by an additional NFL Wild Card game and digital growth led by the Tubi AVOD service.

What was Fox (FOX) Q3 2026 Adjusted EBITDA and how did it compare year-over-year?

Fox reported Q3 fiscal 2026 Adjusted EBITDA of $954 million, up $98 million year-over-year. According to Fox, this 11% increase occurred as lower expenses, including reduced sports programming rights and production costs, more than offset the decline in total revenue versus the prior-year quarter.

How did Fox’s Cable Network Programming segment perform in Q3 fiscal 2026?

Fox’s Cable Network Programming segment generated Q3 revenue of $1.74 billion, up 6% year-over-year. According to Fox, segment EBITDA was $884 million, slightly above the prior-year $878 million, with growth in distribution, advertising, and content and other revenue partly offset by higher sports programming expenses.

What were the Q3 fiscal 2026 results for Fox’s Television segment (FOX)?

Fox’s Television segment reported Q3 revenue of $2.20 billion, down from $2.70 billion a year earlier. According to Fox, segment EBITDA increased to $191 million from $60 million, as lower sports programming rights amortization and production costs outweighed the revenue decline linked to no Super Bowl LIX.

How much Fox (FOX) stock has been repurchased under the share repurchase program?

Fox has cumulatively repurchased about $6.7 billion of Class A and $1.8 billion of Class B stock. According to Fox, this totals $8.5 billion, and the company still has $3.5 billion of remaining authorization as of March 31, 2026, after repurchasing $100 million during the quarter.

What factors drove Fox’s net income performance in Q3 fiscal 2026 (FOX)?

Fox reported net income of $175 million in Q3 fiscal 2026, down from $354 million. According to Fox, lower total revenue, especially advertising without Super Bowl LIX, weighed on net income, though reduced sports rights amortization and production costs supported higher Adjusted EBITDA and Television segment profitability.