Fox Corporation Reports 22% Revenue Growth and Record EBITDA in Fiscal Q1 2027
Fox Corporation (FOXA) reported strong fiscal first-quarter results for 2027, highlighted by a 22% increase in revenue to $4.6 billion and record quarterly EBITDA of $1.64 billion. The company's growth was driven significantly by political advertising revenue, which surpassed $350 million during the midterm cycle, and robust performance from its Tubi streaming platform. To combat declining traditional pay-television subscriptions, Fox is aggressively expanding its direct-to-consumer digital services. Management noted that new subscribers to Fox 1 are largely incremental, providing fresh revenue streams without cannibalizing existing affiliate fees. Additionally, the company expects its ad-supported service, Tubi, to reach a 20% margin range as it matures alongside increasing viewer engagement.
Tickers: $FOXA
Topics: advertising revenue direct-to-consumer earnings report streaming services
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Part of the story Broadridge Financial Solutions Reports Q1 Fiscal 2027 Results with 11% Recurring Revenue Growth (10 articles)