Fox Corporation Class B (FOX)
NASDAQ:FOX
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q4)Consensus EPS Forecast
1.4Last Year’s EPS
1.27Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized multiple strong operating and financial trends: record third-quarter adjusted EBITDA (+11%), robust free cash flow ($1.77B), aggressive share repurchases, strong audience and pricing gains at FOX News (CPMs +45%), meaningful growth and improving profitability at Tubi (revenue +23%, view time +19%, near-breakeven), early success of Fox One stabilizing distribution trends, and strong sports ratings and strategic NFL additions. The primary negatives were headline advertising declines and GAAP net income compression driven by the absence of the prior-year Super Bowl and higher sports rights amortization in the Cable segment. Overall, the positive operational momentum, cash generation, and capital returns outweigh the event-driven advertising and GAAP earnings headwinds.Company Guidance
Record Quarterly EBITDA and Stable Revenue
Total company revenue of $4.0 billion and adjusted EBITDA of $954 million, an 11% year-over-year increase, marking a record third quarter for Fox.
Strong Free Cash Flow and Share Repurchases
Generated quarterly free cash flow of $1.77 billion; fiscal year-to-date repurchases of $1.95 billion and cumulative buybacks of over $8.5 billion (~36% of shares outstanding since 2019), including completion of a $1.5 billion accelerated share repurchase.
FOX News Outperformance
FOX News achieved its highest third quarter advertising revenue ever, finished the quarter as the most-watched cable network in total day and Prime, finished April with year-on-year audience growth, and national pricing (CPMs) up over 45% versus prior levels.
Tubi Growth and Improved Profitability
Tubi revenue grew 23% year-over-year with total view time up 19%; content scale expanded to >220 creators and ~17,000 episodes. Management noted Tubi was around breakeven for Q3 and three quarters in a row at breakeven or better.
Fox One Early Success and Distribution Contribution
Fox One early subscriber additions and retention outperformed expectations, contributed positively to distribution revenue and sub trends, and helped stabilize third-party distributor churn (sub declines stabilized below ~6.5%).
Sports Ratings Momentum and Strategic Rights Wins
Major sports highlights: World Baseball Classic ratings up >150% vs 2023; MLB opening weekend ratings up 45% YoY; IndyCar up 37%. Over 170 million viewers tuned into Fox regular season NFL games in 2025-26; acquired rights to 2 additional regular season NFL national games (week 10 overseas game and week 15 Saturday).
Television Segment EBITDA Improvement
Television segment revenue was $2.2 billion and segment EBITDA rose to $191 million (more than 3x the prior year quarter) largely due to lower sports rights amortization and production costs versus prior-year Super Bowl quarter.
Content & Sublicensing Strength
Content and other revenue rose 12% company-wide, with Cable content and other revenue up 24% driven by higher sports sublicensing.
Solid Balance Sheet
Ended the quarter with approximately $3.6 billion in cash against $6.6 billion in debt and management emphasized a robust balance sheet to support capital allocation.
FOX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FOX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 11, 2026 | $56.60 | $61.18 | +8.09% |
Feb 04, 2026 | $62.84 | $60.47 | -3.77% |
Oct 30, 2025 | $54.06 | $58.52 | +8.24% |
Aug 05, 2025 | $51.48 | $49.55 | -3.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Fox Corporation Class B (FOX) report earnings?
Fox Corporation Class B (FOX) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Fox Corporation Class B (FOX) earnings time?
Fox Corporation Class B (FOX) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FOX EPS forecast?
FOX EPS forecast for the fiscal quarter 2026 (Q4) is 1.4.