Fox (FOXA) Goldman Sachs Communacopia + Technology Conference 2026 summary

Strategic priorities and growth outlook

• Achieved record FY 2026 with 8% EBITDA growth to $3.9B, driven by FOX One launch, Tubi profitability, and strong Fox News and World Cup performance.

• Fiscal 2027 outlook remains positive, with continued momentum in ad sales, subscriber trends, and digital growth.

• Closing the $22B Roku acquisition is the top strategic priority, expected to deliver significant cost and revenue synergies.

• FOX One, Tubi, and Latin America remain key focus areas for expansion and integration.

• Management is confident in delivering on growth plans and leveraging momentum across businesses.

Sports rights and content portfolio

• NFL partnership extended through 2029-2030, with new broadcast windows and expanded presence in Mexico.

• Core sports rights include NFL, College Football, MLB (through 2028), IndyCar, and NASCAR, with renewals a strategic focus.

• Disciplined approach to acquiring and renewing sports rights, with interest in future World Cup cycles.

FOX One and distribution strategy

• FOX One targets cord cutters, with 97% of subscribers new to pay TV; minimal cannibalization of traditional ecosystem.

• Subscriber trends exceed expectations, with sports events driving acquisition and retention.

• Most acquisitions come from digital channel stores (Amazon, Roku), not bundles; self-bundling is common among users.

• Distribution revenue grew 5% in Q4; multi-year renewal with Nexstar completed smoothly.