Financials
Fox Corp profits shoot up in Q3, despite ad revenue dip
New Delhi: Fox Corporation on Thursday reported increase in quarterly net income which rose to $582 million as compared to the $90 million reported in the prior year quarter.
A change in how the TV broadcasting company valued some of its assets is being considered a key reason for the increase in net income.
However, the total quarterly revenues dropped to $3.22 billion as compared to the $3.44 billion reported in the year ago quarter. According to the New York-based company, this was primarily due to the absence of the ad revenue from the broadcast of Super Bowl LIV. Advertising revenues fell 24 per cent to $1.20 billion as compared to the $1.57 billion reported in the prior year quarter. Fox News, too recorded a seven per cent drop in ad revenue.
Though, it was partially offset by the consolidation of it’s free streaming platform Tubi and the impact of additional NFL regular season and playoff broadcasts in the current year quarter, said the company.
The affiliate revenues increased 10 per cent with 18 per cent growth at the television segment and six per cent growth at the Cable Network Programming segment.
Overall, the cable news giant Fox News continued to make vast majority of the Fox Corporation’s profits, said the company.
Executive chairman and chief executive officer Lachlan Murdoch said the company has delivered operationally and financially with the year-to-date revenues, despite the impact of Covid and the comparison against a Super Bowl year.
“Consistent with our expectations, Fox News reclaimed its leadership position as America’s number one cable news network and the most watched cable network in primetime, while Fox Sports reached a landmark agreement with the NFL to extend our Sunday NFC rights package with expanded digital rights. These strategic milestones, coupled with a slate of complementary, high-growth, digital-focused assets, led by continued record growth at Tubi, provide a powerful platform to grow our business for the long-term,” he detailed.
Murdoch went on to add that the company would lay emphasis on digital media and the new business was likely to be found in podcasting, digital venues, and a new weather-news unit Fox had been building in its Fox News Media unit.
The net Income attributable to Fox Corporation stockholders was $567 million ($0.96 per share) as compared to the $78 million ($0.13 per share) reported in the prior year quarter.
The company also used the occasion to announce the acquisition of OutKick Media, the news outlet founded by Clay Travis.
MUMBAI: It’s time to brief the markets: Page Industries is showing that even when regulations tighten, it can still keep its footing in the innerwear business. The Bengaluru-based apparel major has reported its financials for the quarter ended 31 December 2025, delivering a performance that remains steady and well put together.
The company’s top line showed plenty of elasticity this quarter. Revenue from operations stretched to Rs 1,38,675.71 lakhs, a healthy jump from the Rs 1,29,085.82 lakhs reported in the preceding quarter. Compared to the same period last year, which stood at Rs 1,31,305.10 lakhs, it’s clear the brand’s grip on the market isn’t loosening. Total income for the quarter, including other finance gains, reached a comfortable Rs 1,39,919.03 lakhs.
However, it wasn’t all smooth silk. The Government of India’s new unified Labour Codes, covering everything from wages to social security, officially kicked in on 21 November 2025. This regulatory shift forced Page Industries to account for a one-time “exceptional item” cost of Rs 3,500.42 lakhs to cover incremental employee benefits and related obligations. Despite this Rs 35-crore legislative snag, the underlying business remained robust. Profit before tax stood at Rs 25,625.35 lakhs after the exceptional hit, and without that one-off cost, the figure would have been a more muscular Rs 29,125.77 lakhs. Net profit for the quarter came in at Rs 18,953.64 lakhs.
Total expenses rose to Rs 1,10,793.26 lakhs, driven largely by raw material consumption of Rs 30,162.65 lakhs and employee benefits of Rs 23,310.66 lakhs. Even so, the company’s operational strength ensured the bottom line remained firmly stitched together.
For shareholders, the news is particularly “fitting.” The Board has declared a third interim dividend for 2025-26 of Rs 125 per equity share. The record date has been set for 11 February 2026, with the payment scheduled on or before 6 March 2026. This follows two previous interim dividends of Rs 150 and Rs 125 declared earlier in the financial year, reinforcing the company’s commitment to sharing the spoils of its success.
Looking at the nine-month stretch ending December 2025, Page Industries has amassed total income of Rs 4,04,090.59 lakhs, with total comprehensive income of Rs 58,231.49 lakhs. While the basic earnings per share for the quarter dipped slightly to Rs 169.93, compared to Rs 183.48 in the same quarter last year, the year-to-date EPS remains a solid Rs 524.57.
Auditors at S.R. Batliboi & Associates LLP have given the results a “limited review” thumbs up, reporting no material misstatements. It seems that, as far as Page Industries is concerned, the business remains as well-constructed as its famous Jockey briefs.
