Fox 3Q Revenue Falls on Lack of Super Bowl Broadcast

Dow Jones05-11

By Nicholas G. Miller

Fox reported lower fiscal third-quarter revenue as not broadcasting the Super Bowl this year weighed on its advertising income as compared with the prior year.

The company posted net income of $175 million compared with $354 million the year prior. On a per-share basis, earnings fell to 38 cents a share from 75 cents a share.

Adjusted earnings were $1.32 a share. Analysts polled by FactSet had expected $1 a share.

Revenue fell to $3.99 billion from $4.37 billion. Wall Street had expected $3.78 billion.

Advertising revenue declined to $1.56 billion from $2.04 billion reported in the prior-year quarter, largely because of not having this year's rights to the Super Bowl, which it did broadcast last year. Distribution revenue increased 3% to $2.11 billion.

The company recorded a decline in expenses due to lower sports programming rights amortization and production costs, also primarily due to not broadcasting the Super Bowl this year.

Fox Corp. and The Wall Street Journal's parent company, News Corp, share common ownership.

Write to Nicholas G. Miller at nicholas.miller@wsj.com

(END) Dow Jones Newswires

May 11, 2026 08:14 ET (12:14 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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On a per-share basis, earnings fell to 38 cents a share from 75 cents a share. \n\n\n  Adjusted earnings were $1.32 a share. Analysts polled by FactSet had expected $1 a share. \n\n\n  Revenue fell to $3.99 billion from $4.37 billion. Wall Street had expected $3.78 billion. \n\n\n  Advertising revenue declined to $1.56 billion from $2.04 billion reported in the prior-year quarter, largely because of not having this year's rights to the Super Bowl, which it did broadcast last year. Distribution revenue increased 3% to $2.11 billion. \n\n\n  The company recorded a decline in expenses due to lower sports programming rights amortization and production costs, also primarily due to not broadcasting the Super Bowl this year. \n\n\n  Fox Corp. and The Wall Street Journal's parent company, News Corp, share common ownership. \n\n\n \n\n\n  Write to Nicholas G. 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