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Axsome: Q3 Earnings Snapshot – WTOP News

Fox Corporation reported record total revenue of $4.57 billion for the first quarter of fiscal 2027, a 22% year-over-year increase that outperformed analyst expectations.
Advertising revenue surged 47% during the quarter, primarily driven by the broadcast of the FIFA Men's World Cup, record political ad spending of $350 million, and growth at Tubi.
Official company filings show quarterly Adjusted EBITDA reached $1.64 billion, while net income rose to $957 million, reflecting strong advertising demand despite ratings declines at Fox News.
Management is working cooperatively with the Department of Justice to obtain regulatory clearance for its $22 billion Roku acquisition, which has already received shareholder approval.
Fiscal 2027 performance will be driven by an active election cycle, according to CEO Lachlan Keith Murdoch, who expressed confidence in delivering shareholder value.

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