Want to see FOX full AI Analyst Report?
Top Page
Fox
(NASDAQ:FOX)
Select Model
Select Model
Rating:70Outperform
Price Target:
$57.00
▲(15.36% Upside)
Action:Reiterated
Date:08/06/26
FOX scores well primarily on solid financial fundamentals (re-accelerating revenue growth, healthy margins, and improving leverage), supported by a constructive earnings-call outlook highlighting record results and continued advertising/Tubi momentum. Offsetting factors are the decline in TTM free cash flow and margin step-down versus FY2025, plus mixed technicals with the stock still below key longer-term moving averages. Valuation is reasonable (P/E 13.56) with a modest dividend yield.
Positive Factors
Advertising & Live Events
FOX's leadership in live sports and political advertising creates durable, high-value inventory that advertisers pay premiums for. The World Cup-driven surge demonstrates recurring structural demand for live events, supporting pricing power, affiliate leverage and resilient ad margins through cycles.
Negative Factors
Weaker Cash Conversion
A sharp FCF decline and thinner operating cash coverage reduce margin for error on timing-sensitive items like rights payments and receivable collections. Lower cash conversion weakens the company's buffer for acquisitions, rights financing and buybacks, increasing medium-term liquidity and execution risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Advertising & Live Events
FOX's leadership in live sports and political advertising creates durable, high-value inventory that advertisers pay premiums for. The World Cup-driven surge demonstrates recurring structural demand for live events, supporting pricing power, affiliate leverage and resilient ad margins through cycles.
Read all positive factors
Fox Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by business segment, revealing which parts of the company are performing well and where there might be opportunities or challenges.
Breaks down revenue by business segment, revealing which parts of the company are performing well and where there might be opportunities or challenges.
Data provided by:
The Fly
The FlyFox (FOX) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$23.06B
Dividend Yield1.08%
Average Volume (3M)2.46M
Price to Earnings (P/E)13.6
Beta (1Y)0.61
Revenue Growth0.60%
EPS Growth-5.58%
CountryUS
Employees10,400
SectorCommunication Services
Sector Strength97
IndustryEntertainment
Share Statistics
EPS (TTM)3.89
Shares Outstanding220,426,210
10 Day Avg. Volume1,329,289
30 Day Avg. Volume2,456,752
Financial Highlights & Ratios
PEG Ratio-0.59
Price to Book (P/B)1.71
Price to Sales (P/S)1.16
P/FCF Ratio13.53
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$54.00Price Target Upside9.29% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)5.82
Revenue Forecast (FY)$17.34B
Fox Business Overview & Revenue Model
Company Description
Fox Corporation is a prominent media conglomerate primarily focused on news, sports, and entertainment operations within the United States. Its business is structured across three main divisions: Cable Network Programming; Television; and a segmen...
How the Company Makes Money
Fox primarily makes money by monetizing its news, sports, and entertainment content across broadcast, cable, and digital distribution. Key revenue streams include: (1) Advertising: Fox sells national and local advertising across the FOX broadcast ...
Fox Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized multiple material wins: record annual revenue and EBITDA, very strong Q4 growth, exceptional advertising performance (driven by the FIFA World Cup), and robust momentum at Tubi and FOX One. Management highlighted disciplined digital investment, strong free cash flow, significant shareholder returns, and a strategically accretive pending Roku deal. Challenges were acknowledged — notably higher costs tied to the World Cup, some segment-level profit pressure (cable EBITDA down), timing impacts on cash flow, a decline in reported GAAP net income, and a competitive CTV market — but these were largely framed as manageable or transitional. Overall, the positive operating and financial momentum and strategic progress materially outweigh the disclosed challenges.Positive Updates
Record Annual Revenue and EBITDA
Fiscal 2026 revenue grew 5% to over $17 billion and EBITDA grew 8% to a record $3.9 billion, delivering record annual top- and bottom-line performance.
Negative Updates
Reported Net Income Declines
Net income attributable to stockholders fell to $1.7 billion (or $3.84 per share) for fiscal '26 from $2.3 billion ($4.91 per share) in fiscal '25; Q4 reported net income was $691 million vs. $717 million in the prior-year quarter.
Read all updates
Q4-2026 Updates
Positive
Negative
Record Annual Revenue and EBITDA
Fiscal 2026 revenue grew 5% to over $17 billion and EBITDA grew 8% to a record $3.9 billion, delivering record annual top- and bottom-line performance.
Read all positive updates
Company Guidance
Management guided that the Roku acquisition remains on track to close in the first half of calendar 2027 and said fiscal 2027 is off to an excellent start, with advertising momentum carrying into Q1 after a fiscal 2026 that produced >$17 billion of revenue (+5%) and $3.9 billion of EBITDA (+8%) and a fiscal Q4 with $4.2 billion of revenue (+28%) and $1.2 billion of EBITDA (+27%); they highlighted double‑digit upfront volume growth, expect a record midterm political cycle (industry spend estimated >$11 billion; FOX earned >$400 million in the 2024 presidential cycle and >$260 million in the prior midterm), foresee normalized renewals in FY27 with both Cable and TV contributing to distribution growth, and expect continued strength from Tubi and FOX One (Tubi Q4 revenue +35%, viewing time +17%, 110 million MAUs, World Cup Hub >20 million viewers) while digital investment has moderated (digital spend: < $300M in FY25 vs. < $200M in FY26) with further bottom‑line improvement expected in FY27; they also reiterated capital allocation flexibility — buybacks to continue (repurchased $2 billion in FY26; cumulative returns $10.7 billion including $8.6 billion of repurchases ~36% of shares), raised the semiannual dividend to $0.29, and closed the quarter with approximately $4.2 billion of cash, $6.6 billion of debt and quarterly free cash flow of $726 million, with pro forma net leverage around 2.8x after the Roku close.Fox Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
72
Positive
Cash Flow
67
Positive
| Breakdown | Jun 2026 | Jun 2025 | Jun 2024 | Jun 2023 | Jun 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.13B | 16.30B | 13.98B | 14.91B | 13.97B |
| Gross Profit | 8.46B | 5.40B | 13.98B | 14.91B | 13.97B |
| EBITDA | 3.03B | 3.85B | 2.90B | 2.50B | 2.43B |
| Net Income | 1.69B | 2.26B | 1.50B | 1.24B | 1.21B |
Balance Sheet | |||||
| Total Assets | 22.48B | 23.20B | 21.97B | 21.87B | 22.18B |
| Cash, Cash Equivalents and Short-Term Investments | 4.21B | 5.35B | 4.32B | 4.27B | 5.20B |
| Total Debt | 6.61B | 7.46B | 8.15B | 8.21B | 7.72B |
| Total Liabilities | 10.75B | 10.84B | 10.92B | 11.21B | 10.62B |
| Stockholders Equity | 11.63B | 11.96B | 10.71B | 10.38B | 11.34B |
Cash Flow | |||||
| Free Cash Flow | 1.47B | 2.99B | 1.50B | 1.44B | 1.58B |
| Operating Cash Flow | 1.97B | 3.32B | 1.84B | 1.80B | 1.88B |
| Investing Cash Flow | -705.00M | -537.00M | -452.00M | -438.00M | -513.00M |
| Financing Cash Flow | -2.41B | -1.75B | -1.34B | -2.29B | -2.06B |
Fox Technical Analysis
Positive
49.41
Price Trends
52.02
Positive
54.00
Positive
56.52
Positive
Market Momentum
1.01
Negative
69.35
Neutral
88.28
Negative
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 49.41 is below the 20-day moving average (MA) of 51.73, below the 50-day MA of 52.02, and below the 200-day MA of 56.52, indicating a bullish trend. The MACD of 1.01 indicates Negative momentum. The RSI at 69.35 is Neutral, neither overbought nor oversold. The STOCH value of 88.28 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FOX.
Fox Risk Analysis
Fox disclosed 25 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
UnderperformOutperform
Sector (60)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $298.60B | 22.20 | 47.96% | ― | 17.62% | 34.80% | |
75 Outperform | $21.51B | 106.51 | 13.18% | ― | 16.78% | ― | |
72 Outperform | $15.76B | 41.82 | 6.62% | 0.73% | -6.39% | -12.34% | |
71 Outperform | $167.04B | 15.37 | 10.29% | 1.58% | 4.02% | 27.66% | |
70 Outperform | $23.06B | 13.56 | 14.74% | 1.13% | 0.60% | -5.58% | |
60 Neutral | $48.67B | 4.58 | -11.27% | 4.14% | 2.83% | -41.78% | |
54 Neutral | $65.94B | -38.12 | -9.22% | ― | -2.78% | 84.26% |
* Communication Services Sector Average
FOX
Fox
57.03
7.91
16.11%
NWSA
News Corp
28.52
0.36
1.26%
DIS
Walt Disney
104.91
-6.03
-5.44%
NFLX
Netflix
74.14
-47.69
-39.15%
ROKU
Roku
153.11
71.12
86.74%
WBD
Warner Bros
26.78
16.00
148.42%
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.