FOX · Earnings call · 2026Q2T · Full report
Digital Investment Outlook
Fox Corp · 2026-08-06 · Importance 60 · Surprise 74 · In source text
FOX reduced collective digital investment from just under $300 million in fiscal 2025 to less than $200 million in fiscal 2026 as Tubi and FOX One performed ahead of expectations. Management characterized the reduction as disciplined investment rather than a retreat from digital growth initiatives. FOX expects continued bottom-line improvement in its digital portfolio during fiscal 2027.
Key facts
- With Tubi and FOX One running ahead of expectations, the level of investment in digital-led growth initiatives moderated in fiscal '26 versus the prior year and FOX expects continued bottom line improvement in this portfolio going into fiscal '27.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | positive | probable | — | With Tubi and FOX One running ahead of expectations, the level of investment in digital-led growth initiatives moderated in fiscal '26… |