FOX: Q2 Net Profit Down 15% to $1.2B, Revenue Steady at $7.8B

Net profit for Fox Corporation (FOX) in the first quarter of 2026 (ended January 31, 2026) declined 15% year-over-year to $1.2 billion, while revenue remained stable at $7.8 billion. The reduction followed continued pressure from lower advertising rates and a shift in viewership to streaming services. Management attributed the decline to higher content production costs and programming transitions. The company reported a 2.1% year-over-year increase in streaming revenue to $1.4 billion, outperforming traditional advertising.