Wednesday, February 4, 2026 at 1:09 PM
Fox Corp.
reported a 2% increase in quarterly revenues to $5.18 billion, driven by advertising growth at Tubi and higher pricing in news and sports, despite a decline in net income and lower political advertising revenues.
The media company’s CEO said there are ‘favorable signs’ for the second half of its fiscal year.
The company’s total mobile lines rose by 428,000 and total video customers rose 44,000, helping to counteract the impact of increased competition from fixed wireless and fiber connections on its internet business.
AT&T recorded higher sales in the fiscal fourth quarter, boosted by increases in revenue at its wireless and consumer businesses.
The mobile carrier beat Wall Street revenue expectations and is forecasting aggressive growth.
