Fox Corporation used its fiscal Q2 2026 results to underline advertising resilience across news and sport, while pointing to early traction for its Fox One direct-to-consumer service.
For the three months to 31 December 2025, Fox posted revenue of $5.18 billion (€4.38 billion) up 2% year-on-year, while net income fell to $247 million (€209 million) from $388 million (€328 million) a year earlier.
Management said advertising revenues rose 1%, driven by higher sports and news pricing and continued growth at Tubi, partially offset by weaker ratings and a tougher comparison against political advertising. Cable network programming revenue rose 5% to $2.28 billion (€1.93 billion), with cable advertising up 7%. Television segment revenue (including the broadcast network and Tubi) dipped 1% to $2.94 billion (€2.49 billion).
On the sports side, Fox pointed to additional MLB postseason inventory and premium demand around tentpole events, supporting pricing even as the wider ad market remains uneven.
Fox One also featured in the quarter’s narrative. In its launch messaging, Fox positioned Fox One as a single hub for live and on-demand news, sport and entertainment, aimed at “65+ million” US households outside the cable bundle, with pay-TV subscribers able to authenticate for access at no additional cost.
“FOX delivered robust results… including notable strength in advertising,” said Executive Chair and CEO Lachlan Murdoch in the earnings release.
Separately, Fox One CEO Pete Distad said the platform was built to bring Fox programming to viewers “underserved in the streaming ecosystem”, adding the product would continue to evolve to meet expectations for a more personalised experience.
