Fox Corporation Reports 22% Revenue Growth in Q1 Fiscal 2027
Fox Corporation (FOXA) reported a strong start to its fiscal 2027, highlighted by a 22% increase in revenue, reaching $4.6 billion. The company also saw significant profitability gains, with EBITDA growing 54% to approximately $1.64 billion. Management emphasized the strategic importance of their streaming and digital expansion, specifically outlining a path for Tubi to reach a ~20% margin range. Additionally, the 'FOX One' initiative is driving growth by capturing a subscriber base that is 97% non-cable, signaling a successful pivot toward direct-to-consumer models.
Tickers: $FOXA
Topics: earnings report EBITDA fiscal year 2027 revenue growth
Read the full article at Seeking Alpha
Part of the story ResMed Reports Q1 Fiscal 2027 Growth Driven by Manufacturing Efficiency and GLP-1 Synergy (4 articles)