FOX (NASDAQ:FOX) Posts Earnings Results, Beats Estimates By $0.35 EPS

by · The Cerbat Gem

FOX (NASDAQ:FOX – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $1.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.44 by $0.35, FiscalAI reports. The business had revenue of $4.21 billion for the quarter, compared to analyst estimates of $3.64 billion. FOX had a net margin of 9.84% and a return on equity of 20.64%.

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 Price Performance

FOX stock traded up $1.66 during mid-day trading on Friday, reaching $57.03. The company had a trading volume of 1,386,791 shares, compared to its average volume of 1,245,012. The stock’s 50-day simple moving average is $51.63 and its 200-day simple moving average is $54.70. FOX has a 1 year low of $44.08 and a 1 year high of $68.18. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.17 and a quick ratio of 2.65. The company has a market capitalization of $23.96 billion, a P/E ratio of 14.89, a P/E/G ratio of 1.58 and a beta of 0.57.

FOX Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, September 23rd. Shareholders of record on Wednesday, September 2nd will be issued a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, September 2nd. This represents a yield of 105.0%. FOX’s dividend payout ratio (DPR) is 14.78%.

Analysts Set New Price Targets

FOX has been the topic of a number of analyst reports. Zacks Research raised FOX from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Rothschild & Co Redburn set a $71.00 target price on FOX in a research note on Friday, July 10th. Citigroup restated a “buy” rating on shares of FOX in a research note on Friday, July 17th. Weiss Ratings lowered FOX from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, July 20th. Finally, Seaport Research Partners reiterated a “neutral” rating on shares of FOX in a research report on Friday. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $74.33.

Read Our Latest Stock Report on FOX

FOX News Roundup

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 Investors Weigh In On FOX

A number of institutional investors and hedge funds have recently modified their holdings of the company. AQR Capital Management LLC boosted its position in FOX by 65.6% during the first quarter. AQR Capital Management LLC now owns 26,715 shares of the company’s stock worth $1,408,000 after purchasing an additional 10,579 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of FOX by 4.9% in the first 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. NewEdge Advisors LLC acquired a new position in shares of FOX during the 1st quarter worth $224,000. Woodline Partners LP raised its stake in shares of FOX by 40.7% during the 1st quarter. Woodline Partners LP now owns 11,145 shares of the company’s stock worth $587,000 after buying an additional 3,222 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of FOX by 427.0% in the 1st quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock worth $5,127,000 after buying an additional 78,804 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

About FOX

(Get Free Report)

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.

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