FOX (NASDAQ:FOX) Announces Earnings Results

FOX (NASDAQ:FOX) issued its earnings results on Thursday. The company reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35, FiscalAI reports. FOX had a net margin of 9.84% and a return on equity of 20.64%. The company had revenue of $4.21 billion for the quarter, compared to the consensus estimate 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 Stock Performance

NASDAQ:FOX opened at $57.03 on Friday. FOX has a 52 week low of $44.08 and a 52 week high of $68.18. The company has a fifty day simple moving average of $51.63 and a two-hundred day simple moving average of $54.70. The company has a quick ratio of 2.65, a current ratio of 3.17 and a debt-to-equity ratio of 0.56. The company has a market cap of $23.96 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.58 and a beta of 0.57.

FOX Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be paid a $0.29 dividend. The ex-dividend date is Wednesday, September 2nd. This represents a dividend yield of 105.0%. FOX’s payout ratio is 15.14%.

Analyst Upgrades and Downgrades

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

Trending Headlines about FOX

Here are the key news stories impacting FOX this week:

• Positive Sentiment: Fox reported fourth-quarter revenue of $4.21 billion, up 28% year over year, while adjusted EBITDA rose 27% to $1.20 billion. Earnings were $1.79 per share, above the $1.44 consensus estimate, and revenue also exceeded expectations of $3.64 billion. Fox earnings report
• Positive Sentiment: Advertising revenue jumped 78%, driven by World Cup broadcasts and continued digital growth at Tubi. Television revenue rose 45%, with segment EBITDA more than doubling, highlighting strong event-driven monetization. Fox advertising and Tubi growth
• Positive Sentiment: Fiscal-year revenue reached $17.13 billion, while management cited Tubi’s digital momentum and the launch of FOX One as additional growth drivers. The company also retained $3.4 billion of share-repurchase authorization as of June 30. Fox fiscal 2026 results
• Positive Sentiment: Fox declared a semiannual dividend of $0.29 per share, payable September 23 to shareholders of record September 2. Based on the supplied share price, this implies an annualized yield of roughly 1%, rather than the reported 105%. Fox dividend announcement
• Neutral Sentiment: CEO Lachlan Murdoch said Fox does not plan to renegotiate its NFL media-rights agreement before the league’s current deal expires or reaches its opt-out period around 2030. This limits near-term cost uncertainty but leaves longer-term rights economics unresolved. Fox NFL media rights
• Neutral Sentiment: Roku’s quarterly results were released while Fox’s reported $22 billion Roku acquisition remains pending, leaving investors to assess the potential strategic benefits and execution risks of the transaction. Roku second-quarter results
• Negative Sentiment: Full-year net income declined to $1.73 billion from $2.29 billion, despite higher revenue. Recent insider activity also shows substantially more selling than buying, which could weigh modestly on sentiment.

Institutional Inflows and Outflows

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

About FOX

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.