Key facts: Fox posts Q1 growth; free cash flow, Tubi and Fox One rise
Fox (FOX) reported Q1 2027 revenue of $4.57B, up 22.3%, with adjusted EBITDA at $1.64B (54% rise) and adjusted EPS at $2.54. Ad revenue surged 47% to $2.08B. Free cash flow was $503M, with $4.5B in cash and $6.6B in debt. Tubi revenue grew 35%, and Fox One sign-ups increased 30% from last season. Costs rose due to sports rights and production expenses.
How this was made

The 30-second read
Why it matters
The earnings beat may trigger short‑term buying, but cost pressures could temper longer‑term upside.
Market read
First‑quarter earnings provide fresh data for traders to assess Fox's valuation and sector positioning.
What to watch
Absence of guidance leaves uncertainty about future earnings trajectory.
Background
Fox Corporation (Class B) operates broadcast, news and streaming assets including Tubi and Fox One.
Ticker impact
Fox reported Q1 2027 revenue up 22.3% to $4.57B, adjusted EPS $2.54 and free cash flow $503M, marking the first earnings disclosure for the quarter.
potential upside as investors price in robust revenue and cash flow
Quarterly results exceed prior guidance and show double‑digit growth in key metrics, likely prompting buying pressure.
Market effects
Media and broadcasting sector may see broader optimism from Fox's performance.
U.S. equities could receive a modest lift in the early session.
Limited to U.S. markets; no immediate global ripple.
Counterpoint
Higher costs from sports rights and World Cup production could pressure margins despite revenue growth.
Key entities
- companyFox Corporation
Media conglomerate reporting Q1 2027 results.



