Fox Revenue Jumps 22% to $4.6 Billion as World Cup, Political Ads Fuel Record Quarter

Available to WrapPRO members Advertising revenue increased by 47% during the first quarter of fiscal year 2027 November 2, 2026 @ 5:15 AM Illustration courtesy of Chris Smith/TheWrap Revenue was $4.57 billion, a 22% year-over-year increase that surpassed the $4.29 billion estimated by analysts at Yahoo Finance Earnings per share came in at $2.20, which was more than the $2.02 estimated by analysts at Yahoo Finance Advertising revenue increased by 47%, driven by the World Cup, midterms political ads and Tubi Fox Corp. reported a 22% year-over-year increase in revenue during its first quarter earnings for fiscal year 2027. The news was announced on Monday before the markets opened. Total quarterly revenue came in at $4.57 billion thanks to the FIFA World Cup, political advertisements during a midterm year and the performance of Tubi. Last quarter, Fox beat analysts’ revenue expectations, reporting $4.21 billion, which was up over 18% compared to last year. However, the big news for Fox doesn’t have to do with its quarterly reports but what lies ahead for the company. In mid October, Fox’s proposed $22 billion acquisition of Roku secured shareholder approval, meaning that deal is closer than ever to becoming a reality. Fox Corporation CEO Lachlan Murdoch has previously said that the goal of this deal is to pair Fox’s “high-impact live sports and news content” with Roku’s “leading streaming distribution and technology platform.” If the deal is approved by regulators, it would cement Fox as a dominate player when it comes to free ad-supported streaming. The Fox-owned Tubi has 110 million monthly active users, and Roku has more than 100 million streaming households. More to come …