Fox topped Wall Street’s expectations for its first fiscal quarter of 2026, despite a profit decline. Tubi was a bright spot as per usual, carrying advertising revenue to a six percent increase.

Wall Street expected Fox would post earnings of $1.10 per share on $3.57 billion in revenue. Fox actually reported adjusted earnings of $1.51 per share on revenue of $3.74 billion. Net income was $609 million, down from $832 million a year ago.

Fox also unveiled on Thursday that it will enter an “accelerated share repurchase transaction” to the tune of $1.5 billion beginning tomorrow, Oct. 31, 2025.

Fox topped Wall Street’s expectations for its first fiscal quarter of 2026, despite a profit decline. Tubi was a bright spot as per usual, carrying advertising revenue to a six percent increase.

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