Core Insights - Fox Corporation reported second-quarter earnings for fiscal year 2026, achieving $5.18 billion in revenue, a 2% increase year-over-year, surpassing analysts' expectations of $5.06 billion [1] Revenue Growth - Distribution revenues increased by 4%, primarily driven by a 5% growth in Fox's cable network programming segment [1] - Advertising revenues rose by 1%, attributed to higher pricing for ads during sports and news programs, additional MLB postseason games, and digital growth from Tubi, Fox's ad-supported streaming platform [2] Cable Programming Performance - Fox's cable programming, including Fox News Channel and FOX Business Network, saw a revenue increase of 5% to $2.28 billion, with advertising revenue growing approximately 7% [4] Audience Engagement - Fox News maintained its position as the most-watched cable network, leading in total day viewership and producing the top 11 cable news programs [7] - Social media views for Fox News Digital surged by 170% year-over-year, with Fox News and FOX Business ranking first in YouTube video views among peers [7] Streaming Platform Growth - Tubi experienced its most streamed quarter ever, with total viewer time increasing by 27% year-over-year, and expanded its content slate to include an NFL game simulcast [8] - Fox's subscription streaming service, Fox One, completed its first full quarter without cannibalizing traditional subscribers, with live sporting events driving significant engagement [9][10]