FOX (NASDAQ:FOX) Releases Earnings Results, Beats Expectations By $0.35 EPS

FOX (NASDAQ:FOX) announced its 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. FOX had a return on equity of 20.64% and a net margin of 9.84%.The business had revenue of $4.21 billion for the quarter, compared to analyst estimates 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 Up 3.0%

FOX stock traded up $1.66 during midday trading on Friday, hitting $57.03. The stock had a trading volume of 1,386,791 shares, compared to its average volume of 1,245,012. The business has a fifty day moving average price of $51.63 and a 200 day moving average price of $54.70. FOX has a 12 month low of $44.08 and a 12 month high of $68.18. The stock has a market cap 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. The company has a current ratio of 3.17, a quick ratio of 2.65 and a debt-to-equity ratio of 0.56.

FOX Announces Dividend

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

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

Several hedge funds have recently made changes to their positions in FOX. Brown Brothers Harriman & Co. raised its position in shares of FOX by 336.9% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 616 shares of the company’s stock valued at $35,000 after acquiring an additional 475 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in FOX by 95.1% during the first quarter. Geneos Wealth Management Inc. now owns 1,442 shares of the company’s stock valued at $76,000 after purchasing an additional 703 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in FOX by 130.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,300 shares of the company’s stock valued at $119,000 after purchasing an additional 1,301 shares during the last quarter. Captrust Financial Advisors bought a new stake in FOX during the second quarter valued at $203,000. Finally, NewEdge Advisors LLC acquired a new stake in shares of FOX during the first quarter worth $224,000. Institutional investors and hedge funds own 26.41% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.