Fox Corp Posts Record $17.1B Revenue on World Cup and Digital Gains
FOXA sits 24% above its 52-week low of $48.34.
Summary
Fox Corp posted record $17.1B revenue for fiscal 2026, up 5%, with Adjusted EBITDA of $3.9B. The 10-K also outlines financing for the $22B Roku acquisition.
Key Events · Earnings and Guidance · FOXA
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Record Revenue of $17.1B
Full-year revenue rose 5% to $17.1 billion, driven by the FIFA Men's World Cup, additional NFL and MLB postseason games, and digital growth at Tubi.
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Adjusted EBITDA Up 8%
Adjusted EBITDA increased to $3.9 billion, with Television segment EBITDA surging 52% to $1.4 billion, offsetting a decline in Cable Network Programming.
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Roku Acquisition Financing
The $22 billion Roku deal is backed by $12 billion in bridge loan commitments ($11 billion available) and a $1 billion term loan, with $4.2 billion cash on hand.
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Shareholder Returns
Fox repurchased $2 billion in stock during fiscal 2026, including a $1.5 billion accelerated share repurchase, and declared a $0.29 semi-annual dividend.
Analysis · FOXA · Technology
Fox Corp's fiscal 2026 10-K shows record full-year revenue of $17.1 billion, a 5% increase year-over-year, powered by the FIFA Men's World Cup and ongoing digital expansion at Tubi. Adjusted EBITDA climbed 8% to $3.9 billion, though GAAP net income dropped 25% to $1.7 billion because of non-cash investment losses. The filing also lays out the financing for the $22 billion Roku acquisition, including $12 billion in bridge financing commitments and a $1 billion term loan, highlighting the deal's transformative scale. With $4.2 billion in cash and a $12 billion buyback authorization, the company is balancing aggressive M&A with shareholder returns.
At the time of this filing, FOXA was trading at $60.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $23.2B. The 52-week trading range was $48.34 to $76.39. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.