Fox reports record Q1 FY2027 revenue and earnings, driven by World Cup ads and pending Roku deal
Fox Corporation posted fiscal Q1 2027 revenue of $4.57 billion, up 22% year over year, and net income of $957 million. Advertising revenue jumped 47% on World Cup, political ads and Tubi growth, while distribution revenue rose 9%. The company beat consensus on both earnings per share and revenue and highlighted its pending $22 billion Roku acquisition, which is awaiting DOJ clearance.
Why it matters
The earnings beat and strong cash flow give the company room to resume share buybacks, as noted by management. Analysts such as Bank of America upgraded Fox to Buy, citing the Roku merger’s revenue and cost‑synergy potential. However, the deal’s completion depends on antitrust clearance, adding regulatory risk.
Key facts
- 1Total quarterly revenue was $4.57 billion, a 22% increase from the prior year quarter. prnewswire.com
- 2Quarterly net income was $957 million, up from $609 million a year earlier. prnewswire.com
- 3Adjusted EBITDA rose 54% to $1.64 billion. prnewswire.com
- 4Advertising revenue increased 47% year over year. prnewswire.com
- 5Distribution revenue grew 9% year over year. prnewswire.com
- 6Political advertising revenue reached a record $350 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 20 of 21 sources. Not investment advice. Figures are as stated by the linked sources.