FOX News Channel remains the most-watched cable news network in the United States, while Tubi has grown into a leading free ad-supported streaming service with over 80 million monthly active users. The company has demonstrated notable strength in advertising revenue, seeing healthy trends and positive metrics across its portfolio, with continued robust advertising market conditions.
Cyborg Score Rationale
Fox reported Q2 2026 earnings per share (EPS) of $0.82, significantly surpassing analysts' forecast of $0.49. Tubi reached profitability for the first time in fiscal 2026, and the company demonstrated broad-based revenue growth in advertising despite competitive headwinds in traditional media.
Top Insights
Tubi streaming service achieved profitability for the first time during Q1 fiscal 2026, validating Fox's streaming strategy
Q2 revenue of $5.18 billion increased 2% year-over-year and beat LSEG estimate of $5.06 billion
Fox grew total company advertising revenue despite high political advertising in the prior year, indicating robust underlying demand
Recent acquisitions include Red Seat Ventures podcast expansion in February 2025 and stake in Penske Entertainment in July 2025 extending IndyCar broadcast rights
Named Competitors
Disney+ — Premium streaming service and entertainment content distribution
Netflix — Subscription streaming and content production
ESPN — Sports broadcasting and media network
CNN — Cable news network and digital news platform
Recent Developments
(February 2026) Q2 fiscal 2026 earnings beat with $5.18B revenue (+2% YoY) and adjusted EPS of $0.82 vs forecast $0.49
(October 2025) Q1 fiscal 2026 record advertising revenue of $1.4B (+6% YoY) with Tubi hitting profitability milestone
(July 2025) Stake acquisition in Penske Entertainment with extended IndyCar Series broadcast rights
(February 2025) Red Seat Ventures acquisition expanding Fox's podcast portfolio
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