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

Strong Q3 Earnings Beat Expectations

Revenue fell 8.6% year-over-year to $3.994 billion, down from $4.371 billion in the same period last year, topping Wall Street's consensus estimate of $3.795 billion.

Adjusted net income increased to $570 million, or $1.32 per share, surpassing analysts' expectations of $1.12 per share and growing from $507 million, or $1.10 per share, a year earlier.

Distribution And Streaming Growth Support Results

Distribution revenue rose 3.3% to $2.11 billion, primarily driven by 5% growth at the Cable Network Programming segment.

Advertising revenue declined 23.6% to $1.56 billion, primarily due to the absence of the prior year broadcast of Super Bowl LIX, partially offset by the impact of an additional NFL Wild Card game and continued digital growth led by the Tubi AVOD service.

Content and other revenue increased 11.8% to $331 ...