FOX · Earnings call · 2026Q2T · Full report

Segment Revenue Performance

Fox Corp · 2026-08-06 · Importance 41 · Surprise 48 · In source text

Cable Network Programming revenue grew 9% in the fourth quarter, including 22% advertising growth and 7% distribution growth, while cable EBITDA declined 3%.Cable distribution growth reflected affiliate pricing gains that exceeded net subscriber declines of under 6.5% across third-party distributors, before the positive contribution from FOX One.Cable content and other revenue declined 39% because of sports sublicensing timing.Television revenue increased 45% and EBITDA increased 129%, led by 108% advertising growth from the World Cup, political advertising and Tubi, while television distribution revenue was essentially flat and content and other revenue grew 14%.

Key facts

• Television segment delivered 45% revenue growth and 129% EBITDA growth.
• Cable Network Programming segment revenue grew 9% while EBITDA declined 3%.
• Cable distribution revenue grew 7% over the prior year quarter.
• Cable content and other revenue declined 39% due to the timing of sports sublicensing revenue.
• Content and other revenue was up 4% for fiscal 2026, primarily due to higher sports sublicensing revenue at the Cable segment.
• Television content and other revenue was up 14%, primarily due to higher content revenues tied to the entertainment production studios.
• Fourth quarter distribution revenue increased 5%.
• Quarterly content and other revenue was $262 million compared to $269 million in the prior year quarter.

Impact estimates