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Fox Corporation Class B (FOX)
:FOX
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Fox
(NASDAQ:FOX)
Rating:80Outperform
Price Target:
$59.00
▲(13.68%Upside)
Fox (FOX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.74B
Dividend Yield1.07%
Average Volume (3M)1.28M
Price to Earnings (P/E)12.9
Beta (1Y)0.53
Revenue Growth15.70%
EPS Growth26.73%
CountryUS
Employees10,200
SectorCommunication Services
Sector Strength81
IndustryEntertainment
Share Statistics
EPS (TTM)1.10
Shares Outstanding235,581,020
10 Day Avg. Volume788,341
30 Day Avg. Volume1,280,562
Financial Highlights & Ratios
PEG Ratio1.38
Price to Book (P/B)1.63
Price to Sales (P/S)0.00
P/FCF Ratio11.69
Enterprise Value/Market Cap0.83
Enterprise Value/Revenue0.33
Enterprise Value/Gross Profit1.23
Enterprise Value/Ebitda1.46
Forecast
1Y Price Target
$66.00Price Target Upside27.17% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
Fox Business Overview & Revenue Model
Company DescriptionFox Corporation (FOX) is a prominent American media company that operates primarily in the broadcasting and cable television sectors. It was formed as a result of Disney's acquisition of 21st Century Fox in 2019 and focuses on news, sports, and entertainment content. Fox Corporation's key assets include the Fox Broadcasting Company, Fox Television Stations, Fox News Media, and Fox Sports, offering a diverse range of programming to audiences across the United States and internationally.
How the Company Makes MoneyFox Corporation generates revenue through various streams, primarily driven by advertising sales, affiliate fees, and content licensing. Advertising is a major source of income, with the company's networks and television stations selling commercial spots during programming. Affiliate fees are collected from cable and satellite operators who pay to carry Fox's channels. Additionally, Fox earns money by licensing its content to third-party platforms and networks. The company also benefits from significant partnerships and deals that enhance its distribution and content offerings, such as agreements with sports leagues and other media entities.
Fox Key Performance Indicators (KPIs)
Any
Revenue by Component
Analyzes revenue streams from different business components, highlighting which areas are driving growth and which might need strategic adjustments.
Analyzes revenue streams from different business components, highlighting which areas are driving growth and which might need strategic adjustments.
Data provided by:
Main Street Data
Main Street DataFox Earnings Call Summary
Earnings Call Date:May 12, 2025
(Q3-2025)
| % Change Since: 11.09%|
Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment Positive
The earnings call highlighted significant achievements with record-breaking advertising revenue and strong performances from the Super Bowl and Fox News. Tubi continued its growth trajectory, contributing to a record free cash flow. However, these positives were slightly overshadowed by a decline in net income and higher expenses impacting EBITDA. Overall, the positive aspects significantly outweigh the negatives.Q3-2025 Updates
Positive Updates
Record-Breaking Advertising Revenue
Total company advertising revenue grew 65% in the quarter, including Super Bowl LIX, which generated over $800 million in gross advertising revenue, a record for both the national broadcast network and local TV stations.
Super Bowl LIX Success
Super Bowl LIX between Kansas City and Philadelphia delivered 128 million viewers across Fox platforms, making it the most-watched telecast in US history.
Fox News Channel Performance
Fox News Channel finished the quarter as the most-watched cable network, with total day audience growth of 48% in total viewers and 58% in the demo.
Tubi's Continued Growth
Tubi delivered a 35% revenue growth year-on-year, up from 31% in the prior quarter, with total view time up 24% year-over-year in April.
Record Quarterly Free Cash Flow
Fox generated record quarterly free cash flow of over $1.9 billion, consistent with the seasonality of their working capital cycle.
Negative Updates
Decline in Net Income
Net income attributable to Fox stockholders was $346 million, down from $666 million in the prior year period.
Higher Expenses Impacting EBITDA
Quarterly adjusted EBITDA was $856 million compared to $891 million in the prior year quarter, primarily due to higher sports rights amortization and production costs.
Company Guidance
During the Fox Corporation Third Quarter Fiscal Year 2025 Earnings Conference Call, several key metrics were highlighted. The company reported a 65% increase in total advertising revenue, driven significantly by the Super Bowl LIX, which generated over $800 million in gross advertising revenue. The Super Bowl broadcast attracted 128 million viewers, making it the most-watched telecast in U.S. history. Fox News Channel maintained its position as the most-watched cable network, with a 48% increase in total day audience and a 58% increase in the demo. Fox Sports led the industry in live sports event viewership, accumulating 3.3 billion hours of sports event viewing. Tubi, Fox’s AVOD platform, experienced a 35% year-on-year revenue growth, showing strong engagement and retention post-Super Bowl. The overall company reported a 27% increase in total revenues and record free cash flow of over $1.9 billion. Fox's Cable Network Programming segment saw an 11% revenue growth, while the Television segment achieved a 40% revenue growth. These results underscore Fox’s robust financial performance and strategic positioning in live sports, news, and digital streaming.Fox Financial Statement Overview
Summary
Fox has demonstrated strong financial performance with impressive revenue growth and profitability improvements. The income statement shows a solid gross profit margin and efficient cost management. The balance sheet is robust with moderate leverage, and the cash flow statement highlights strong liquidity and effective cash management.Income Statement
Fox has demonstrated strong revenue growth with an impressive 15.1% increase in TTM (Trailing-Twelve-Months) vs. the previous year. The gross profit margin remains solid at 100%, indicating efficient cost management. Net profit margin improved to 11.57%, showcasing enhanced profitability. The EBIT and EBITDA margins also reflect strong operational efficiency, standing at 19.02% and 20.76%, respectively. Overall, Fox's income statement portrays a healthy and growing financial position with significant profitability improvements.85
Very Positive
Balance Sheet
The company maintains a balanced financial structure with a debt-to-equity ratio of 0.70, suggesting moderate leverage. Return on Equity (ROE) is strong at 16.18%, indicating effective use of shareholder funds to generate profit. The equity ratio of 49.32% reflects a solid capital position, though there is room for improvement in reducing liabilities. Overall, the balance sheet is robust, with good financial stability and shareholder value creation.78
Positive
Cash Flow
Fox's cash flow demonstrates strong operational performance with an operating cash flow to net income ratio of 1.45, indicating efficient cash generation from operations. The free cash flow to net income ratio stands at 1.28, reflecting ample cash available for reinvestment or debt reduction. Free cash flow growth is notable, increasing by 59.57% in the most recent TTM period compared to the previous year. Overall, the cash flow statement highlights a strong liquidity position and effective cash management.82
Very Positive
| Breakdown | TTM | Jun 2024 | Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 16.11B | 13.98B | 14.91B | 13.97B | 12.91B | 12.30B |
| Gross Profit | 16.11B | 13.98B | 4.81B | 4.49B | 4.57B | 4.33B |
| EBITDA | 3.34B | 2.90B | 2.50B | 2.43B | 3.61B | 2.09B |
| Net Income | 1.86B | 1.50B | 1.24B | 1.21B | 2.15B | 999.00M |
Balance Sheet | ||||||
| Total Assets | 23.37B | 21.97B | 21.87B | 22.18B | 22.93B | 21.75B |
| Cash, Cash Equivalents and Short-Term Investments | 4.82B | 4.32B | 4.27B | 5.20B | 5.89B | 4.64B |
| Total Debt | 8.11B | 8.15B | 7.21B | 7.31B | 7.95B | 7.95B |
| Total Liabilities | 11.50B | 10.92B | 11.42B | 10.81B | 11.80B | 11.64B |
| Stockholders Equity | 11.53B | 10.71B | 10.38B | 11.34B | 11.12B | 10.09B |
Cash Flow | ||||||
| Free Cash Flow | 2.39B | 1.50B | 1.44B | 1.58B | 2.15B | 2.01B |
| Operating Cash Flow | 2.71B | 1.84B | 1.80B | 1.88B | 2.64B | 2.37B |
| Investing Cash Flow | -535.00M | -452.00M | -438.00M | -513.00M | -528.00M | -1.10B |
| Financing Cash Flow | -1.15B | -1.34B | -2.29B | -2.06B | -870.00M | 146.00M |
Fox Technical Analysis
Positive
51.90
Price Trends
49.94
Positive
49.62
Positive
46.47
Positive
Market Momentum
0.35
Positive
57.28
Neutral
23.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FOX, the sentiment is Positive. The current price of 51.9 is above the 20-day moving average (MA) of 50.90, above the 50-day MA of 49.94, and above the 200-day MA of 46.47, indicating a bullish trend. The MACD of 0.35 indicates Positive momentum. The RSI at 57.28 is Neutral, neither overbought nor oversold. The STOCH value of 23.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FOX.
Fox Risk Analysis
Fox disclosed 26 risk factors in its most recent earnings report. Fox reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Fox Peers Comparison
Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | $23.74B | 12.90 | 16.89% | 1.07% | 15.70% | 26.73% | |
78 Outperform | $216.83B | 24.83 | 8.75% | 0.83% | 5.33% | 431.28% | |
77 Outperform | $17.54B | 34.52 | 5.88% | 0.68% | -5.43% | 135.46% | |
65 Neutral | $3.52B | 20.23 | 71.46% | 1.11% | -0.80% | 13.07% | |
62 Neutral | $40.76B | -1.15 | -12.05% | 3.90% | 2.03% | -69.70% | |
59 Neutral | $28.43B | ― | -27.69% | ― | -5.58% | -254.85% | |
56 Neutral | $8.20B | ― | -37.30% | 4.45% | -4.08% | -248.39% |
* Communication Services Sector Average
Performance Comparison
FOX
Fox
51.90
18.96
57.56%
CNK
Cinemark Holdings
29.85
8.37
38.97%
NWSA
News Corp
29.66
2.13
7.74%
SIRI
Sirius XM Holdings
24.49
-11.09
-31.17%
DIS
Walt Disney
121.56
25.27
26.24%
WBD
Warner Bros
11.65
4.25
57.43%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.