FOX · 10-K · 2026A · Full report

Revenue Performance and Mix

Fox Corp (FOX, FOXA) · 2026-08-06 · Importance 49 · Surprise 32 · From source text

Fiscal 2026 revenue increased $826 million, or 5%, to $17.126 billion from $16.300 billion in fiscal 2025. Distribution revenue rose $278 million, or 4%, to $8.058 billion, driven by approximately $440 million of higher average rates and affiliated-station fees, partly offset by a $160 million subscriber decline impact. Advertising revenue increased $474 million, or 7%, to $7.339 billion, led by FIFA Men’s World Cup, additional NFL and MLB postseason games, higher pricing and Tubi digital growth, partly offset by the absence of Super Bowl LIX and lower political advertising. Revenue mix consisted of approximately 47% distribution, 43% advertising and 10% other operating activities in fiscal 2026.

Key facts

• Revenues increased $826 million or 5% for fiscal 2026 compared to fiscal 2025. source
• The Company’s Cable Network Programming segment represented 43% of the Company’s revenues in fiscal 2026 and 2025; Television represented 56% and 57% of revenues in fiscal 2026 and 2025, respectively. source
• For fiscal 2026, the Company generated revenues of $17 billion, of which approximately 47% was generated from distribution revenue, approximately 43% was generated from advertising, and approximately 10% was generated from other operating activities. source
• Total revenues for the year ended June 30, 2026 were $17,126 million. source
• Cable Network Programming revenues for fiscal 2026 were $7,348 million, up $418 million or 6% from fiscal 2025. source
• Television segment revenues for fiscal 2026 were $9,666 million, an increase of $341 million or 4% from fiscal 2025. source
• Distribution revenues for the year ended June 30, 2026 were $8,058 million. source
• Advertising revenues for the year ended June 30, 2026 were $7,339 million. source

Impact estimates