Analyst Consensus ?
ConsensusHold42 ratings
Bullish1842.9%
Neutral2047.6%
Bearish49.5%
Fox Corporation · FOX · FY2026 Q1 · Calendar Q4 2025
FOX reports steady growth as Tubi turns profitable and FOX One gains traction
The supplied analysis supports a constructive but qualified view: resilient advertising, FOX News pricing, Tubi profitability and early FOX One traction strengthen the growth case, while subscriber erosion, streaming competition and investment demands remain important offsets.
Reported Before market openNASDAQCommunication Services
$24.51B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.51
Consensus $1.06
EPS surprise
+42.5%
Reported versus consensus
Reported revenue
$3.74B
Consensus $3.57B
Revenue surprise
+4.8%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+8.2%
Event window
SPY move
-1.1%
Same window
Abnormal move
+9.3%
Stock minus SPY
Volume
2.3×
Versus trailing sessions
Subsequent drift
-1.0%
Up to 20 sessions
FOXSPY benchmark
Ask FN2 about FOX FY2026 Q1
Transcript, numbers and history already loaded
Why did FOX rise 8.2% after beating EPS estimates in FY2026 Q1?What changed in FOX's guidance and outlook in FY2026 Q1?Give me the bull and bear case for FOX after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, the current analysis adds evidence of FOX One’s early subscriber and engagement performance, Tubi reaching profitability with a 20–25% margin outlook, and a $1.5 billion accelerated share repurchase. The outlook remains confident, but subscriber erosion and digital-investment execution remain watchpoints.
Guidance delta
Management maintained its guidance; the analysis highlights a 20–25% Tubi margin outlook and continued FY2026 distribution-revenue growth as key markers.
Key takeaways
- Revenue rose 5% and EBITDA increased 2% to $1.07 billion, according to the supplied analysis.
- FOX News delivered record advertising revenue and pricing gains, while sports and Tubi supported advertising strength.
- FOX One exceeded early subscriber and engagement expectations, and Tubi reached profitability earlier than expected.
Management priorities
- Scale FOX One through additional bundle partners.
- Invest in Tubi and other digital growth initiatives while moderating capital outlays.
- Execute the $1.5 billion accelerated share repurchase and pursue disciplined strategic M&A.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$55.89Current
$36Low
$71.75Average
$97High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| JP Morgan | Overweight | Neutral | Upgrade | Aug 14, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Aug 7, 2026 |
| B of A Securities | Underperform | Buy | Downgrade | Feb 25, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Oct 8, 2023 |
| Rosenblatt | Neutral | Neutral | Maintain | Sep 4, 2023 |
| Citigroup | Neutral | Neutral | Maintain | Aug 16, 2023 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Aug 8, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 8, 2023 |
| Wells Fargo | Underweight | Equal Weight | Downgrade | Jul 9, 2023 |
| Argus Research | Hold | Buy | Downgrade | Apr 5, 2023 |
| Deutsche Bank | Buy | Buy | Maintain | Feb 8, 2023 |
| Loop Capital | Buy | Hold | Upgrade | Jan 24, 2023 |
| UBS | Buy | Buy | Maintain | Jan 8, 2023 |
| Guggenheim | Buy | Buy | Maintain | Jan 4, 2023 |
| Macquarie | Neutral | Neutral | Maintain | Jan 3, 2023 |
| Wolfe Research | Underperform | Peer Perform | Downgrade | Jan 2, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Nov 1, 2022 |
| Goldman Sachs | Sell | Sell | Maintain | Jul 25, 2022 |
| KeyBanc | Equal Weight | Sector Weight | Maintain | Dec 9, 2020 |
| Guggenheim Securities | Buy | Neutral | Upgrade | Nov 25, 2020 |
| BMO Capital | Perform | Market Perform | Maintain | Nov 5, 2020 |
| CFRA | Buy | Buy | Maintain | May 6, 2020 |
| Evercore ISI Group | In Line | Outperform | Downgrade | Apr 22, 2020 |
| Societe Generale | Hold | Sell | Upgrade | Apr 7, 2020 |
| Atlantic Equities | Neutral | Underweight | Upgrade | Mar 11, 2020 |
| Buckingham Research | Buy | Buy | Maintain | Feb 24, 2019 |
| B. Riley Securities | Buy | Buy | Maintain | Jun 21, 2018 |
| Pivotal Research | Hold | Buy | Downgrade | Jan 8, 2018 |
| OTR Global | Mixed | Positive | Downgrade | Jul 24, 2017 |
| Brean Capital | Buy | Hold | Upgrade | Dec 13, 2016 |
| Telsey Advisory Group | Market Perform | Outperform | Downgrade | Dec 11, 2016 |
| Jefferies | Buy | Buy | Maintain | Nov 21, 2016 |
| Bernstein | Market Perform | Outperform | Downgrade | Sep 15, 2016 |
| Pacific Crest | Overweight | Overweight | Maintain | May 4, 2016 |
| BTIG | Neutral | Buy | Downgrade | Mar 16, 2016 |
| Stifel | Buy | Buy | Maintain | Feb 8, 2016 |
| Cowen & Co. | Market Perform | Market Perform | Maintain | Feb 8, 2016 |
| Needham | Hold | Buy | Downgrade | Aug 23, 2015 |
| Sterne Agee | Buy | Buy | Maintain | Nov 23, 2014 |
| FBR Capital | Outperform | Outperform | Maintain | Oct 30, 2014 |
| ISI Group | Buy | Strong Buy | Downgrade | Jul 16, 2014 |
| Nomura | Buy | Buy | Maintain | Jul 1, 2014 |
Named analyst price targets
Upside is calculated against the persisted current price $55.89. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Fox Advisors | Analyst unavailable | $95 | $58.45 | +70.0% | Sep 14, 2026 |
| Wolfe Research | Analyst unavailable | $93 | $60.39 | +66.4% | Aug 20, 2026 |
| Wells Fargo | Steven Cahall | $80 | $58.1 | +43.1% | Aug 14, 2026 |
| Redburn Partners | Hamilton Faber | $71 | $48.44 | +27.0% | Jul 10, 2026 |
| Guggenheim | Michael Morris | $85 | $64.65 | +52.1% | Dec 22, 2025 |
| CFRA | Kenneth Leon | $73 | $58.41 | +30.6% | Nov 3, 2025 |
| UBS | John Hodulik | $76 | $58.3 | +36.0% | Oct 31, 2025 |
| UBS | Analyst unavailable | $75 | $58.83 | +34.2% | Oct 30, 2025 |
| Fox Advisors | Andy Beale | $97 | $54.81 | +73.6% | Oct 28, 2025 |
| Stifel Nicolaus | Jim Duffy | $40 | $43.93 | -28.4% | Dec 11, 2024 |
| Guggenheim | Michael Morris | $44 | $36.19 | -21.3% | Aug 7, 2024 |
| UBS | Analyst unavailable | $42 | $29.54 | -24.9% | Jan 9, 2023 |
| Guggenheim | Analyst unavailable | $40 | $28.82 | -28.4% | Jan 5, 2023 |
| Fox Advisors | Douglas Mitchelson | $36 | $26.64 | -35.6% | Oct 17, 2022 |
Track every rating change on FOX the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFox 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 segment encompassing Other, Corporate, and Eliminations. The Cable Network Programming division is responsible for creating and licensing news, business news, and sports content. This content is then disseminated across the U.S. through both traditional and virtual multi-channel video programming distributors (MVPDs), as well as various other digital platforms. This segment's extensive portfolio includes well-known national cable channels such as FOX News (for general news) and FOX Business (for financial news), multi-sport networks FS1 and FS2, FOX Sports Racing (dedicated to motorsports), FOX Soccer Plus (featuring live soccer and rugby), FOX Deportes (a Spanish-language sports service), and the Big Ten Network.…
Historical context
All FOX earningsLatest beats and misses
Who reports nextBeat on EPS
- ACNFY2026 Q4 · October 1, 2026+3.5% EPS+15.8% move
- MKCFY2026 Q3 · October 1, 2026+13.9% EPS-4.9% move
- NKEFY2027 Q1 · October 1, 2026+10.0% EPS-0.7% move
- CAGFY2027 Q1 · September 30, 2026+44.4% EPS-4.9% move
- FDSFY2026 Q4 · September 30, 2026+3.9% EPS+3.8% move
- JBLFY2026 Q4 · September 30, 2026+8.1% EPS-10.0% move
Get the FOX recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-10-04T05:30:40.673381+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-04T05:30:40.670501+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-04. For educational purposes only; not investment advice.