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Fox Corporation
S&P 500
🏹 Trader: 🎯 Near 52W High View all →
$29.5B
Market Cap
10.5
P/E
1.51
PEG
17.8%
ROCE
14.3%
ROE
0.64
D/E
20.3%
OPM
-7.1%
% from 52W High
65
α RS
🔍 FOXA is showing a high-conviction setup because it matches 11 of 37 tracked screener presets, Sector RRG has Communication Services in the Improving quadrant with the trail still strengthening, and RS Rating is 65. Net: Broad signal stack, not a recommendation. ? Conviction RRG RS Rating
Sources
Conviction 11/37 · Communication Services in Improving quadrant · RS Rating 65
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Currency-adjusted total returns for FOXA including FX impact
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Ratio Health
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By Category
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About

Fox Corporation operates as a news, sports, and entertainment company in the United States.

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Good quarter Investor Presentation One-Pager? Q4 2026
Revenue
$4.21B
+28% YoY
Net Income
$696M
-3% YoY
Adjusted Net Income
$765M
+41% YoY
Adjusted EBITDA
$1.20B
+27% YoY
Adjusted EPS
$1.79
+41% YoY
What Went Right
  • Q4 revenue rose 28% to $4.21B and Adjusted EBITDA rose 27% to $1.20B, both records.
  • FIFA World Cup drove advertising revenue up 78% and made Fox the #1 network in live sports consumption for FY26.
  • Tubi delivered its best quarter ever: revenue +35%, viewing time +17%, 110M MAUs, and positive EBITDA in every quarter of FY26.
  • FOX One exceeded expectations with strong retention and minimal cannibalization of traditional pay-TV.
  • Upfront closed with double-digit volume growth; momentum continued into Q1 FY27.
What to Watch
  • Q4 expenses rose 28% on World Cup rights, production costs, and FOX One launch costs.
  • Cable Network Programming EBITDA fell 3% despite revenue +9%, hurt by a 20% increase in sports-related expenses.
  • Net cable subscriber declines were ~6.5% across third-party distributors before the FOX One benefit.
  • Digital-led investment losses, while reduced to under $200M, still weigh on profitability.
  • Full-year net income declined to $1.73B from $2.29B, reflecting the absence of Super Bowl LIX and lower political revenue.
Management Guidance
  • No numeric revenue guidance provided; Q1 FY27 continues to benefit from World Cup knockout-stage matches, weighted to the Television segment.
  • No operating income or margin guidance provided; expects continued bottom-line improvement in digital portfolio as losses narrow in FY27.
  • Fiscal 2027 distribution renewals are more TV-skewed; both Cable and TV segments expected to contribute to distribution revenue growth.
  • Midterm elections expected to boost advertising revenue, especially at local stations and Tubi.
  • Roku acquisition on track to close in H1 CY2027; buyback program continues; dividend raised to $0.29 per share.
Investor Lens
The thesis is stronger after this call. Fox proved its ability to monetize a major sports event at scale, driving record Q4 revenue and EBITDA. FOX One is additive rather than cannibalistic to pay-TV, and Tubi's 35% revenue growth confirms digital momentum. Key watch-items remain sports cost inflation and cable subscriber erosion, but the balance sheet ($4.2B cash, $6.6B debt) and continued buybacks support shareholder returns.
From investor presentation · AI-generated analysis · Not investment advice
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📈 STRONG Strong Q4: revenue +28% to $4.2B, record EBITDA $1.2B
Revenue
Q4 revenue rose 28% to $4.21B, powered by 78% advertising growth from the FIFA World Cup. Distribution grew 5% to $2.03B, while content and other revenue was $262M. Television segment revenue jumped 45% and Cable grew 9%.
Profitability
Net income attributable to Fox stockholders was $691M ($1.61 per share), down from $717M in the prior year quarter. Adjusted net income rose to $765M and adjusted EPS surged 41% to $1.79, while Adjusted EBITDA increased 27% to $1.20B.
Margins
Adjusted EBITDA margin was roughly 28.5% ($1.20B / $4.21B), effectively flat as expenses also rose 28% on World Cup rights and FOX One costs. Cable EBITDA fell 3% on higher sports costs, while Television EBITDA grew 129% on World Cup economics.
Balance Sheet
Quarterly free cash flow was $726M, impacted by World Cup rights timing. Cash stood at $4.2B and debt at $6.6B. Fox repurchased $2B of stock in FY26 and increased the semi-annual dividend to $0.29 per share.
Key Risks
Expenses rose 28% in Q4, with sports programming rights and FOX One launch costs pressuring margins. Cable net subscriber declines remained near 6.5% before the FOX One benefit. Digital investments, while lower at under $200M, remain a profit drag.
Outlook
No numeric guidance provided. Q1 FY27 benefits from World Cup knockout matches and early midterm political momentum; upfront volume grew double-digits and digital losses are expected to narrow further in FY27.
Generated by AI · Q4 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q4 2026 Q4 2026 2026-08-06
Record revenue and EBITDA growth were driven by the World Cup, Tubi, and FOX One, with strong advertising and distribution results. The company is set for continued momentum in fiscal 2027, supported by robust political ad spending and the pending Roku acquisition.
Q3 2026 Q3 2026 2026-05-11
Revenue reached $4B with 11% adjusted EBITDA growth, driven by strong distribution and digital performance. Excluding the Super Bowl impact, advertising grew double digits, and Tubi revenue rose 23%. Record EBITDA is expected for the year, supported by major sports events and political ad momentum.
Q2 2026 Q2 2026 2026-02-04
Fiscal Q2 2026 saw 2% revenue growth to $5.18B, record ad revenue in sports and news, and Tubi's best quarter ever with 27% view time growth and 19% revenue growth. Fox One exceeded subscriber expectations, and $1.8B in buybacks was completed.
Q1 2026 Q1 2026 2025-10-30
Q1 2026 delivered 5% revenue and 2% EBITDA growth, with strong advertising and Tubi profitability. Fox One's launch exceeded expectations, and a $1.5B share repurchase was announced, supported by a robust balance sheet and positive outlook.
Q4 2025 Q4 2025 2025-08-05
Record fiscal 2025 results included 17% revenue growth, 26% EBITDA growth, and a doubling of free cash flow, driven by strong advertising, Tubi's expansion, and major live events. Fiscal 2026 will see increased digital investment, Fox One's launch, and continued focus on shareholder returns.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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