Fox Corporation reported record fiscal 2026 financial results with annual revenue reaching $17.1 billion, a 5% increase driven by record advertising and distribution revenue, while adjusted EBITDA rose 8% to $3.9 billion. Fourth-quarter revenue surged 28% to $4.2 billion, fueled by the broadcast of the 2026 FIFA Men's World Cup, which helped push quarterly advertising revenue up 78% to $1.9 billion. Tubi, the company's free ad-supported streaming service, grew fourth-quarter revenue by 35% and reached 110 million monthly active users, while the newly launched FOX One streaming service saw minimal cannibalization of the traditional pay-TV business and churn rates below expectations. The company also announced a semiannual dividend increase to $0.29 per share and repurchased $2 billion in shares during the fiscal year, with management indicating the buyback program will continue through the pending acquisition of Roku, which is expected to close in the first half of calendar 2027 at a net leverage of 2.8 times.
Fox Corp Class ARecord revenue and EBITDA, dividend increase, and share buyback announced.
Roku IncPending acquisition by Fox with continued buyback program and expected close.
Tubi revenue grew 35% and reached 110 million monthly active users.
