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Oct 30, 2025 12:20 PM

Fox Launches $1.5 Billion Buyback As CEO Touts Strong Momentum

Fox Corp. (NASDAQ:FOX) (NASDAQ:FOXA) shares rose after the media company posted stronger-than-expected fiscal first-quarter 2026 results on Thursday, fueled by gains in advertising and streaming.

Revenue rose 5% year over year to $3.74 billion, up from $3.56 billion in the same period last year, topping Wall Street's consensus estimate of $3.57 billion.

Adjusted net income increased to $686 million, or $1.51 per share, surpassing analysts' expectations of $1.08 per share and improving from $672 million, or $1.45 per share, a year earlier.

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