Fox Ad Revenue Surges In June Quarter On World Cup

The broadcast of the FIFA Men’s World Cup drove a 78% jump in advertising sales at Fox as total revenue for the company’s fiscal fourth quarter ended in June jumped 28% to $4.21 billion.

Distribution revenue increased 5%, driven by 7% growth at the cable network programming.

Fox also noted continued digital growth led by AVOD service Tubi. Content and other revenue dipped to $262 million from $269 million due to the timing of sports sub-licensing revenue.

Fox reported net income of $696 million (down from $719 million).  

In a transformative move last quarter, the company announced in June a definitive agreement to acquire streaming platform Roku for $22 billion in a cash-and-stock transaction.

“Fiscal 2026 was an exceptional year for FOX, capped by our broadcast of a remarkable FIFA Men’s World Cup. We successfully launched our direct-to-consumer streaming service, FOX One, continued to keep America informed across a dynamic news cycle, enhanced Tubi’s position as a leading streaming service, and announced the acquisition of Roku which will transform the scope and growth profile of our company,” said CEO Lachlan Murdoch.

“Financially, these milestones were underpinned by the delivery of record top-line revenue which converted into record EBITDA. With strong momentum across our portfolio, we enter fiscal 2027 exceptionally well positioned to drive sustained growth and long-term shareholder value.”

Quarterly adjusted ebitda (earnings before interest, taxes, depreciation and amortization) was $1.2 billion, up 27%.

He’ll be hosting a call with analysts shortly.

More to come