Fox reported second-quarter results that beat analyst expectations, with revenue of $4.21 billion versus estimates of $3.65 billion, a 28.1% year-on-year increase. Adjusted EPS came in at $1.79 compared to the $1.38 consensus, and adjusted EBITDA was $1.20 billion against a $1.00 billion forecast. CEO Lachlan Murdoch credited robust advertising demand across live sports, news, and the Tubi streaming platform, as well as the FIFA Men's World Cup broadcast and the launch of FOX One. During the earnings call, analysts questioned management about ad market strength, World Cup-driven gains, Tubi's revenue drivers, FOX One subscriber retention, and political ad expectations, with Murdoch projecting a record midterm ad cycle and CFO Steve Tomsic confirming ongoing share repurchases.
Fox Corp Class AQ2 earnings and EBITDA beat estimates, with strong advertising and Tubi growth.
