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Axsome: Q3 Earnings Snapshot – WTOP News

Fox Corporation reported record fiscal first-quarter revenue of $4.57 billion on November 2, 2026, marking a 22% year-over-year increase. Leadership noted "first-quarter records for revenue" during the period.
Advertising revenue surged 47% to $641 million, fueled by FIFA Men's World Cup broadcasts, record political ad spending of $350 million, and continued digital growth at Tubi .
During the quarter, the media giant achieved $1.64 billion in Adjusted EBITDA, as Murdoch stated, "Operational momentum is accelerating across broadcast and digital assets," driven by sports seasons and election cycles.
Despite strong financial results, the company acknowledged that ratings for Fox News declined compared to the prior year, noting viewers have "some viewer fatigue" following a heavy news cycle and the 2026 inauguration.
Pending regulatory approval from the Department of Justice , the $22 billion Roku acquisition aims to transition the company's predominantly linear portfolio toward direct-to-consumer streaming.

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