Fox Corporation (NASDAQ:FOX) reported stronger-than-expected fourth-quarter results on Thursday, with advertising revenue from the FIFA Men’s World Cup helping the media company comfortably exceed Wall Street forecasts for both earnings and revenue.
Shares rose around 4% in premarket trading following the announcement
Adjusted earnings came in at $1.79 per share, outperforming analysts’ consensus estimate of $1.41 by $0.38. Quarterly revenue reached $4.21 billion, well above the market forecast of $3.62 billion. World Cup boosts television advertising The Television segment generated revenue of $2.48 billion during the quarter, representing an increase of $775 million, or 45%, compared with the same period a year earlier.
Advertising revenue surged by $755 million, or 108%, driven primarily by the FIFA Men’s World Cup, continued expansion of the Tubi ad-supported streaming platform and stronger political advertising across FOX Television Stations. Distribution revenue was broadly unchanged from the previous year, while content and other revenue increased by $24 million, or 14%, supported by stronger entertainment programming sales. CEO highlights record year for Fox Executive Chair and Chief Executive Officer Lachlan Murdoch said, “Fiscal 2026 was an exceptional year for FOX, capped by our broadcast of a remarkable FIFA Men’s World Cup.