FOX (NASDAQ:FOX) Issues Earnings Results

FOX (NASDAQ:FOX) posted its earnings results on Thursday. The company reported $1.79 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35, FiscalAI reports. FOX had a net margin of 10.56% and a return on equity of 18.90%. The firm had revenue of $4.21 billion for the quarter, compared to analysts’ expectations of $3.64 billion.

Here are the key takeaways from FOX’s conference call:

• Record fiscal 2026 results: Revenue increased 5% to more than $17 billion and EBITDA rose 8% to a record $3.9 billion, while adjusted EPS grew 13% to $5.42.
• The FIFA World Cup drove strong fourth-quarter momentum, including 78% advertising revenue growth and record audiences, while also accelerating FOX One subscriber acquisition with limited traditional pay-TV cannibalization.
• Tubi delivered its highest-revenue and most-streamed quarter, with revenue up 35%, viewing time up 17%, and 110 million monthly active users; management said Tubi and FOX One investments should continue producing bottom-line improvement.
• Management reported a strong advertising outlook, including double-digit upfront volume growth and continued momentum into fiscal 2027, with the midterm election cycle expected to produce record political advertising revenue.
• Fox expects to close its pending Roku acquisition in the first half of calendar 2027 and plans to continue share repurchases, but the company also faces higher sports-rights and production costs and will not renegotiate its NFL contract before the 2030 season.

FOX Trading Up 6.1%

Shares of FOX stock traded up $3.17 on Thursday, hitting $55.37. 1,705,544 shares of the company’s stock traded hands, compared to its average volume of 1,216,274. The stock has a market capitalization of $23.27 billion, a price-to-earnings ratio of 14.61, a P/E/G ratio of 1.49 and a beta of 0.57. The company’s fifty day simple moving average is $51.64 and its 200 day simple moving average is $54.69. FOX has a one year low of $44.08 and a one year high of $68.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.65 and a current ratio of 2.90.

FOX Announces Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, September 23rd. Stockholders of record on Wednesday, September 2nd will be given a dividend of $0.29 per share. The ex-dividend date is Wednesday, September 2nd. This represents a dividend yield of 105.0%. FOX’s dividend payout ratio is 14.78%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings lowered FOX from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 20th. Zacks Research upgraded FOX from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Rothschild & Co Redburn set a $71.00 target price on FOX in a research note on Friday, July 10th. Finally, Citigroup reiterated a “buy” rating on shares of FOX in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, FOX currently has an average rating of “Moderate Buy” and a consensus target price of $74.33.

Institutional Trading of FOX

Several hedge funds and other institutional investors have recently bought and sold shares of FOX. Baird Financial Group Inc. lifted its holdings in shares of FOX by 1.1% during the 2nd quarter. Baird Financial Group Inc. now owns 31,707 shares of the company’s stock valued at $1,637,000 after purchasing an additional 343 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in FOX by 336.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock worth $35,000 after buying an additional 475 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in FOX by 4.9% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock valued at $656,000 after buying an additional 586 shares in the last quarter. Geneos Wealth Management Inc. raised its stake in FOX by 95.1% in the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock valued at $76,000 after buying an additional 703 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in FOX by 130.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company’s stock valued at $119,000 after buying an additional 1,301 shares during the last quarter. Institutional investors own 26.41% of the company’s stock.

FOX News Summary

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Strong earnings beat: FOX reported quarterly adjusted earnings of $1.79 per share, exceeding the $1.44 consensus estimate, while revenue reached $4.21 billion versus expectations of $3.64 billion. Adjusted EBITDA increased 27% to $1.20 billion. MarketBeat earnings report
• Positive Sentiment: World Cup drives advertising: Quarterly advertising revenue surged 78%, helped by FOX’s broadcast of the FIFA Men’s World Cup. Television revenue rose 45%, and segment EBITDA more than doubled, highlighting strong operating leverage from the event. Fox advertising and Tubi World Cup report
• Positive Sentiment: Digital momentum and capital returns: Management cited continued growth at free ad-supported streaming platform Tubi and the launch of FOX One. The board declared a semi-annual dividend of $0.29 per share, payable September 23, and FOX retained $3.4 billion under its share-repurchase authorization. FOX fiscal 2026 results release
• Neutral Sentiment: NFL rights remain unchanged for now: CEO Lachlan Murdoch said FOX does not plan to renegotiate its NFL media-rights agreement before the league’s potential opt-out period near 2030. This limits near-term cost pressure but leaves longer-term rights economics unresolved. FOX NFL rights report
• Neutral Sentiment: Roku transaction remains an investor consideration: Roku’s quarterly results were reported while its proposed $22 billion acquisition by FOX remained pending. Roku beat estimates but provided no guidance, adding uncertainty around the potential deal. Roku second-quarter highlights
• Negative Sentiment: Full-year net income declined: Despite 5% full-year revenue growth to $17.13 billion, fiscal-year net income fell to $1.73 billion from $2.29 billion, a potential concern once World Cup-related benefits normalize. Recent insider activity also included significantly more sales than purchases.

FOX Company Profile

Fox Corporation (NASDAQ:FOX) is a U.S.-based media company that operates television broadcast, news and sports businesses. The company traces its contemporary structure to the 2019 reorganization that followed the sale of certain entertainment assets to The Walt Disney Company; Fox Corporation retained a portfolio centered on the Fox Broadcasting Company, Fox Television Stations, Fox News Media and Fox Sports. Over time the company has expanded its digital footprint through acquisitions and direct-to-consumer services, building a mix of linear and streaming distribution.

FOX’s core activities include the creation, aggregation and distribution of television programming and live sports, the operation of national cable news and business networks, and the ownership and operation of local broadcast stations.