Nov 6, 4:21 PM ET
Fox Corp has completed its acquisition of Roku, issuing approximately 144.5 million shares and paying $14.1 billion in cash consideration to former Roku stockholders. To finance the transaction and support operations, Fox entered into new credit agreements including an $8.4 billion bridge facility, a $2.0 billion term loan, and a $1.5 billion revolving credit agreement. Former Roku stockholders will own approximately 26% of Fox common stock, while existing Fox stockholders will own approximately 74%.
- Fox Corp completed the Roku acquisition on November 6, 2026, issuing 144.5 million shares and paying $14.1 billion in cash consideration.
- Fox borrowed $8.4 billion under a bridge credit facility and $2.0 billion under an amended term loan agreement to fund the cash portion of the merger.
- The company secured a $1.5 billion five-year unsecured revolving credit facility maturing on November 6, 2031.
- Fox expects to achieve approximately $400 million of run-rate cost synergies within two years following the close.
Read the filing on SEC.gov ↗
Nov 2, 8:03 AM ET
Fox Corporation reported financial results for the first quarter of fiscal 2027 ended September 30, 2026, showing significant increases in revenue, net income, and adjusted EBITDA compared to the prior year quarter. The strong performance was driven by broadcasting the FIFA Men's World Cup, higher political advertising, digital growth at Tubi, and distribution revenue gains. For shareholders, this demonstrates robust top-line growth and increased profitability during a major sporting and political event cycle.
- Total quarterly revenue rose 22% to $4.57 billion compared to $3.74 billion in the prior year quarter.
- Net income attributable to Fox Corporation stockholders increased to $943 million, or $2.20 per share, up from $599 million, or $1.32 per share.
- Quarterly Adjusted EBITDA grew 54% to $1.64 billion from $1.07 billion.
- Advertising revenue increased 47% to $2.08 billion, primarily driven by the FIFA Men's World Cup, political advertising, and Tubi.
Read the filing on SEC.gov ↗
Oct 19, 7:53 PM ET
Fox Corporation said Chief Legal and Policy Officer Adam Ciongoli will step down effective December 1, 2026, and will serve as a special advisor for eighteen months under a paid advisory agreement. Nicholas Trutanich, currently Executive Vice President and Deputy General Counsel, will become General Counsel on December 1, 2026, reporting to Executive Chair and CEO Lachlan Murdoch.
- Ciongoli's separation terms include a cash payment of $12,595,784 for cancelled equity awards, plus a severance payment equal to one year of base salary and his fiscal 2027 target bonus.
- Ciongoli's advisory agreement pays an annual fee of $1,750,000, paid in monthly installments of $145,833.33 for the eighteen-month term.
- Trutanich will receive a base salary of $1,400,000, a target bonus of $1,400,000 and an annual long-term incentive target award of $2,200,000.
- Kristopher Jones, Executive Vice President and Head of Government Relations, will report to John Nallen, President and Chief Operating Officer, effective December 1.
Read the filing on SEC.gov ↗
Aug 6, 8:05 AM ET
Fox reported fourth-quarter fiscal 2026 revenue of $4.21 billion, up 28%, driven mainly by the FIFA Men's World Cup broadcast, and adjusted EBITDA of $1.20 billion, up 27%. GAAP net income attributable to stockholders was $691 million ($1.61 per share), slightly below the prior-year quarter, while adjusted EPS rose to $1.79 from $1.27. For the full year, GAAP EPS fell to $3.84 from $4.91, though adjusted EPS rose to $5.42 from $4.78.
- Q4 revenue $4.21 billion, up $925 million or 28%; advertising revenue up 78%
- Q4 GAAP net income attributable to Fox stockholders $691 million ($1.61 per share) vs. $717 million ($1.57) a year earlier
- Full year revenue $17.13 billion, up 5%; GAAP net income attributable to stockholders $1.69 billion ($3.84 per share) vs. $2.26 billion ($4.91)
- Board authorized an increase in the semi-annual dividend, declaring $0.29 per share payable September 23, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.