Fox Corp. (NASDAQ:FOX) (NASDAQ:FOXA) stock rose Wednesday after the media company posted fiscal second-quarter 2026 results.

Revenue rose 2% year-over-year to $5.18 billion, up from $5.08 billion in the same period last year, topping Wall Street’s consensus estimate of $5.06 billion.

Adjusted net income increased to $360 million, or 82 cents per share, surpassing analysts’ expectations of 50 cents per share and declining from $442 million, or 96 cents per share, a year earlier.

Segment Performance

Distribution revenue rose 3.6% to $2.00 billion, primarily driven by 5% growth at the Cable Network Programming segment.

Advertising revenue advanced 1.4% to $2.46 billion, primarily due to higher sports and ...