EarningsQ4 2026 Earnings Report
MX:FOX1 Q4 2026 EPS Results
Actual EPS$32.54
Consensus EPS$26.12
Beat/MissBeat by +$6.42
One Year Ago EPS$23.09
MX:FOX1 Q4 2026 Revenue Results
Actual Revenue$76.57B
Expected Revenue$66.17B
Beat/MissBeat by +$10.40B
YoY Revenue Growth+28.14%
Earnings Announcement Details
QuarterQ4 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
MX:FOX1 Upcoming Earnings
Fox's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
MX:FOX1 Q4 2026 Earnings Call
0:00 / 0:00
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple material wins: record annual revenue and EBITDA, very strong Q4 growth, exceptional advertising performance (driven by the FIFA World Cup), and robust momentum at Tubi and FOX One. Management highlighted disciplined digital investment, strong free cash flow, significant shareholder returns, and a strategically accretive pending Roku deal. Challenges were acknowledged — notably higher costs tied to the World Cup, some segment-level profit pressure (cable EBITDA down), timing impacts on cash flow, a decline in reported GAAP net income, and a competitive CTV market — but these were largely framed as manageable or transitional. Overall, the positive operating and financial momentum and strategic progress materially outweigh the disclosed challenges.Company Guidance
Record Annual Revenue and EBITDA
Fiscal 2026 revenue grew 5% to over $17 billion and EBITDA grew 8% to a record $3.9 billion, delivering record annual top- and bottom-line performance.
Strong Fourth Quarter Growth
Fiscal Q4 total revenue increased 28% to $4.2 billion and EBITDA improved 27% to $1.2 billion, ending the year with strong momentum.
Advertising Outperformance
Advertising revenue grew 7% for the full year despite a tough prior-year comp, and Q4 advertising revenue surged 78% driven by the 2026 FIFA World Cup and Tubi growth.
Tubi Growth and Engagement
Tubi delivered its most streamed and highest-revenue quarter ever: Q4 revenue +35%, total viewing time +17%, and platform reached 110 million monthly active users; Tubi was EBITDA positive each quarter of fiscal 2026.
Successful Launch and Adoption of FOX One
FOX One launch exceeded expectations, drove incremental subscriber acquisition with strong retention, and produced meaningful additional distribution revenue with minimal cannibalization of traditional pay-TV.
Television Segment Outperformance
Television segment revenue grew 45% and EBITDA grew 129%, with television advertising up 108% led by the World Cup, higher political ad revenue at stations, and Tubi contribution.
Cable Segment Advertising and Distribution Strength
Cable network programming revenue grew 9% with cable advertising up 22% and cable distribution revenue up 7%, reflecting pricing gains at affiliate renewals.
Event Programming Reach and Business Impact
FOX topped all networks in live event sports consumption in fiscal '26; the FIFA World Cup drove record audiences, a World Cup Hub that attracted over 20 million viewers, and two of the highest traffic days in Tubi history.
Free Cash Flow and Capital Returns
Generated robust quarterly free cash flow of $726 million; repurchased $2.0 billion of shares in fiscal '26, raised the semiannual dividend to $0.29 per share, and cumulatively returned $10.7 billion to shareholders since the spin.
Improved Digital Investment Discipline
Digital investment declined from just under $300 million in fiscal '25 to less than $200 million in fiscal '26, supporting bottom-line improvement and continued portfolio progress.
Strong Balance Sheet and Strategic M&A Progress
Ended the quarter with approximately $4.2 billion in cash and $6.6 billion in debt; pending Roku acquisition expected to close in H1 2027 and positioned to expand connected TV distribution and advertising capabilities.
Adjusted Earnings Improvement
Full-year adjusted net income was $2.4 billion with adjusted EPS of $5.42 (up 13% year-over-year). Q4 adjusted net income was $765 million and adjusted EPS was $1.79, up 41% year-over-year.
MX:FOX1 Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed