Fox Corp Q2 net income drops 36% to USD 229 million

Reuters
Feb 04
Fox Corp <a href="https://laohu8.com/S/QTWO">Q2</a> net income drops 36% to USD 229 million

Fox Corporation reported second quarter (Q2) fiscal 2026 revenues of USD 5.18 billion, representing a 2% increase. Net income for the quarter was USD 247 million. Net income attributable to shareholders was USD 229 million, or USD 0.52 per share. Adjusted net income attributable to shareholders was USD 360 million, or USD 0.82 per share. Adjusted EBITDA for the quarter reached USD 692 million. Distribution revenues rose 4%, primarily driven by 5% growth in the Cable Network Programming segment. Advertising revenues grew 1%, supported by higher sports and news pricing, continued digital growth led by the Tubi AVOD service, and additional MLB postseason games, partially offset by lower political advertising revenues and lower ratings. Content and other revenues were essentially unchanged from the prior year quarter. The increase in expenses was mainly attributed to higher sports programming rights amortization and production costs.

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