AI-extracted from the 10-K filed 2026-08-06 — FY2026 (year ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Fox grew FY2026 revenue 5% to $17.1B on higher distribution and advertising led by the FIFA World Cup, but net income fell 25% to $1.7B on a non-operating investment loss, while the company signed a debt-funded deal to acquire Roku.
Biggest Revenue Drivers
Television$9,666M+4% YoY
Higher advertising led by FIFA Men's World Cup and additional NFL/MLB postseason games, partly offset by the absence of Super Bowl LIX and 2024 election ads
Cable Network Programming$7,348M+6% YoY
Higher distribution rates per subscriber and higher news/sports advertising pricing, including the FIFA World Cup
Biggest Revenue Drivers
Total revenue: $17.1B+5% YoY
Television$9,666M+4% YoY
Higher advertising led by FIFA Men's World Cup and additional NFL/MLB postseason games, partly offset by the absence of Super Bowl LIX and 2024 election ads
Within Television
Advertising$5,652M+6% YoY
Sports programming (FIFA World Cup, extra NFL/MLB postseason games) and Tubi digital growth, offset by absence of Super Bowl LIX
Cable Network Programming$7,348M+6% YoY
Higher distribution rates per subscriber and higher news/sports advertising pricing, including the FIFA World Cup
Within Cable Network Programming
Distribution$4,662M+5% YoY
Higher average rates per subscriber, partially offset by fewer subscribers
Advertising$1,687M+10% YoY
Higher news and sports pricing and the FIFA World Cup broadcast, partly offset by lower ratings
Largest Expense Items
Operating expenses$10,853M-3% YoY
Costs associated with the FOX One launch and higher digital content costs, partially offset by lower sports rights amortization absent Super Bowl LIX
Selling, general and administrative$2,367M-9% YoY
Higher employee costs and costs associated with the FOX One launch
Depreciation and amortization$410M-6% YoY
Technology equipment placed into service in fiscal 2026
Restructuring, impairment and other corporate matters$151M+57% YoY
Includes a $64M non-cash FCC license impairment tied to lower expected future advertising revenue in certain markets
Margins: Adjusted EBITDA rose 8% to $3,906M; Television segment EBITDA jumped 52% on revenue growth and lower sports rights amortization (no Super Bowl LIX), while Corporate and Other EBITDA worsened due to FOX One launch costs.
Watch Items from the Filing
FOX agreed to acquire Roku for cash plus stock, funding the cash portion with up to $12B in new debt commitments; termination fees of ~$866M (mutual) or ~$1.2B (FOX-to-Roku) apply if the deal falls through.
MVPD subscriber counts continue to decline industry-wide; e.g. FOX News household reach fell from 61 million to 55 million year-over-year, pressuring distribution revenue.
Company recorded a $64M non-cash FCC license impairment in fiscal 2026 (following $70M in fiscal 2025) as expected future advertising revenue in certain TV markets declined.
LGC Holdco (Murdoch family trusts) controls approximately 38.8% of Class B voting power, concentrating influence over stockholder votes including approval of the Roku share issuance.
Company remains subject to defamation/disparagement litigation (Smartmatic and others) following the ~$800 million Dominion settlement in April 2023, with outcomes subject to significant uncertainty.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
2 transactions in FOX reported by 1 member of Congress under the STOCK Act, most recent trade Jun 16, 2026. Reported transactions, not recommendations.
About Fox Corp (FOX): stock profile, AI score and financials
Fox Corp (FOX) stock profile, AI quality score, and SEC EDGAR financial data, a Communication Services sector company. 13F Pro's AI-powered ranking engine scores FOX at 64.5/100 on a composite quality score built from its SEC filings, placing it at rank #531 of 2,925 stocks — the top 25% of the AI-ranked universe. FOX scores in the top quartile across revenue scale (91.3), institutional flow (88.1), balance sheet strength (79.3). Based on the latest XBRL financial filings (Q4 2026), Fox Corp reports quarterly revenue of $4.2B, net income of $696.0M, an operating margin of 21.9%. Top institutional holders of FOX by reported 13-F value include BlackRock, STATE STREET, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. FOX trades on the Nasdaq exchange and files with the SEC under CIK 1754301. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FOX daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Fox Corp directly from SEC EDGAR.