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

FOX (NASDAQ:FOX) posted its earnings results on Thursday. The company reported $1.79 earnings per share (EPS) for the quarter, beating 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 company had revenue of $4.21 billion during 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 Trading Up 6.1%

NASDAQ:FOX traded up $3.17 during trading hours on Thursday, hitting $55.37. The company had a trading volume of 1,705,544 shares, compared to its average volume of 1,216,274. FOX has a 1 year low of $44.08 and a 1 year high of $68.18. The company has a market cap of $23.27 billion, a P/E ratio of 14.61, a P/E/G ratio of 1.49 and a beta of 0.57. The company has a 50-day moving average of $51.64 and a 200 day moving average of $54.69. The company has a current ratio of 2.90, a quick ratio of 2.65 and a debt-to-equity ratio of 0.60.

FOX Announces Dividend

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

Key Headlines Impacting FOX

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.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

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% in the 1st quarter. AQR Capital Management LLC now owns 26,715 shares of the company’s stock valued at $1,408,000 after buying an additional 10,579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of FOX by 4.9% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 12,446 shares of the company’s stock worth $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 first quarter worth about $224,000. Woodline Partners LP increased its stake in shares of FOX by 40.7% during the first 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 period. Finally, Jane Street Group LLC raised its holdings in FOX by 427.0% in the first quarter. Jane Street Group LLC now owns 97,261 shares of the company’s stock valued at $5,127,000 after acquiring an additional 78,804 shares in the last quarter. Institutional investors and hedge funds own 26.41% of the company’s stock.

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.