Fox Corporation Reports Record Q1 2027 Revenue Driven by World Cup and Political Advertising
Fox Corporation (FOXA) delivered a strong first-quarter performance for fiscal 2027, reporting record revenue of $4.57 billion, a 22% increase year-over-year. The growth was primarily fueled by the broadcast of the FIFA Men's World Cup and unprecedented political advertising revenue during the midterm cycle, which reached $350 million to date. Adjusted EBITDA rose significantly by 54% to $1.64 billion, while adjusted EPS surged 68% to $2.54 per share. While the company saw massive gains in its television segment and Tubi streaming service, management noted some headwinds, including higher sports programming costs and a decline in Fox News ratings due to viewer fatigue following the 2026 inauguration.
Topics: advertising revenue EBITDA FIFA World Cup political advertising revenue growth Tubi streaming