The Numbers

$3.74 billion —Quarterly revenues increased by $174 million, or up +5% from the previous quarter.

6% —Advertising revenue growth, led primarily by continued growth at Tubi, stronger news pricing, and higher sports pricing and ratings led by the NFL, which partially offset lower political advertising revenues.

3% —Distribution revenue increased, driven by +3% growth in the cable networking programming segment, and +2% growth in the TV segment.

27% —Quarterly net income decreased from the prior year quarter ($609 million vs. $832 million).

The watercooler talk

Fox Corp. executives had high praise for their AVOD streaming service, Tubi, as well as the Fox One subscription service during the first quarter 2026 earnings call. Tubi reached profitability for the first time e

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