FOX · 8-K · 20261102PR068663

Operating Margin Drivers

Fox Corp · 2026-11-02 · Importance 57 · Surprise 64

Quarterly Adjusted EBITDA rose 54% to $1.641 billion, an increase of $576 million, as revenue growth was partly offset by higher expenses. Television segment EBITDA increased $535 million, or 134%, to $934 million, while Cable Network Programming EBITDA rose $59 million, or 7%, to $859 million. Higher sports programming rights amortization and production costs, including World Cup costs, and higher digital content costs affected results; Cable Network Programming also cited higher news programming costs.

Key facts

• Fox Corporation quarterly Adjusted EBITDA was $1.64 billion, up $576 million or 54% year over year. source
• Television quarterly segment EBITDA was $934 million, an increase of $535 million or 134% year over year. source
• Cable Network Programming quarterly segment EBITDA was $859 million, an increase of $59 million or 7% year over year. source