Fox Corporation (FOXA) Earnings: Q1 Fiscal 2027 Results

The quarter ended September 30, 2026 and Fox Corporation published the results on November 2, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Fox Corporation reports EPS two ways: GAAP, under the accounting rules every US filer follows, and adjusted, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Fox Corporation's fiscal year ends June 30, so the quarter ended September 30, 2026 is the first quarter of fiscal 2027. It included the FIFA Men's World Cup broadcast and political advertising ahead of the November 2026 midterm elections, neither of which was in the year-ago quarter.
• Fox agreed on June 14, 2026 to acquire Roku for $96.00 in cash plus 0.9693 FOX Class A shares per Roku share. The deal had not closed at September 30, 2026.

Source: Fox Corporation Q1 fiscal 2027 results, November 2, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Fox Corporation splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Fox Corporation's Cable Network Programming revenue was $1.8 billion in Q1 fiscal 2027, up 8% from $1.7 billion in Q1 fiscal 2026, 39% of total revenue.
• Fox Corporation's Television revenue was $2.7 billion in Q1 fiscal 2027, up 32% from $2.0 billion in Q1 fiscal 2026, 59% of total revenue.
• Fox Corporation's Corporate and Other revenue was $246 million in Q1 fiscal 2027, up 176% from $89.0 million in Q1 fiscal 2026, 5% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenues and net income per share attributable to Fox Corporation stockholders, each as first reported in that quarter's release.

We do not hold a confirmed date for Fox Corporation's next report. Companies post the date on their investor relations site a few weeks ahead, usually with the time of the conference call.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Nov 2, 2026

Fox Corporation reports revenue in three components: distribution, advertising, and content and other. In Q1 fiscal 2027 distribution brought in $2,084 million, advertising $2,081 million and content and other $406 million, for total revenues of $4,571 million, up 22%. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026)

Advertising revenue rose 47%, which Fox put down to the FIFA Men's World Cup broadcast, higher political advertising tied to the November 2026 U.S. midterm elections, and digital growth led by the Tubi AVOD service, partly offset by the timing of NFL games. Most of it landed in Television, where advertising rose $641 million, or 60%, to $1,708 million. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026; Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026)

Distribution revenue rose $169 million, or 9%. The 10-Q attributes approximately $95 million to higher average rates per subscriber and approximately $75 million to a higher average number of subscribers. Cable Network Programming, which holds FOX News, FOX Business, FS1, FS2, the Big Ten Network and FOX Deportes, took $1,200 million of distribution revenue, up 10%. (Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026; Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026; Fox Corporation Form 10-K, fiscal 2026, Aug 6, 2026)

By segment, Television brought in $2,713 million and Cable Network Programming $1,803 million. Corporate and Other, which includes the FOX One streaming service, Credible and the FOX Studio Lot, grew to $246 million from $89 million, with $191 million of intersegment eliminations against $63 million a year earlier. Nielsen estimates of FOX News subscribers fell to 55 million at June 30, 2026 from 61 million a year earlier, per the 10-K. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026; Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026; Fox Corporation Form 10-K, fiscal 2026, Aug 6, 2026)

Fox Corporation's net income per share attributable to stockholders was $2.20 in Q1 fiscal 2027, against $1.32, and adjusted EPS was $2.54, against $1.51. The biggest adjustment is non-operating other, net, which took $0.33 per share: $142 million of net losses on equity securities, mainly the change in fair value of Fox's Flutter Entertainment stake. Restructuring, impairment and other corporate matters added $0.04, and the tax effect of the adjustments took $0.04 back. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026; Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026)

Adjusted EBITDA rose 54% to $1,641 million. Television segment EBITDA more than doubled to $934 million from $399 million, while operating expenses rose $242 million, including about $120 million from higher sports programming rights amortization and production costs led by the World Cup and about $120 million mainly from digital content costs. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026; Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026)

Weighted average shares fell to 428 million from 455 million. Fox bought back no shares this quarter, against $250 million a year earlier, and had approximately $3.4 billion left under its $12 billion authorization. The effective tax rate was 25%, which the 10-Q says included a valuation allowance on capital losses on investments. From this quarter Fox amortizes $2.1 billion of FCC licenses over 20 years, after reclassifying them as finite-lived. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026; Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Fox Corporation does not publish a revenue or earnings outlook in its release. Its executive chair and chief executive described first-quarter records for revenue and Adjusted EBITDA but gave no figures for later quarters. (Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026)

The pending Roku acquisition is the main event the filings flag: Fox agreed to pay $96.00 in cash and 0.9693 FOX Class A shares for each Roku share, and the release lists the Roku transaction first among the risks to its forward-looking statements. (Fox Corporation Form 10-Q, Q1 fiscal 2027, Nov 2, 2026; Fox Corporation Q1 fiscal 2027 release, Nov 2, 2026)

A consensus figure is the average of the models published by the analysts who cover Fox Corporation, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Fox Corporation's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning FOXA is on is FOXA a buy or a sell?, what analysts expect next is on the FOXA forecast, and what the company does is on the Fox Corporation (FOXA) stock page.

Every number on this page can be traced to a document Fox Corporation published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.