Analyst Consensus ?
ConsensusBuy47 ratings
Bullish2553.2%
Neutral2246.8%
Bearish00.0%
Fox Corporation · FOXA · FY2026 Q2 · Calendar Q1 2026
Fox Q2 FY2026: Ad growth, Fox One traction and Tubi momentum
The supplied Q2 FY2026 analysis describes broad-based advertising strength and streaming traction as supports for Fox’s performance. The durability of Tubi’s growth and the economics of sports rights and streaming investments remain important counterweights.
Reported Before market openNASDAQCommunication Services
$26.67B market cap
90quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$0.82
Consensus $0.47
EPS surprise
+74.5%
Reported versus consensus
Reported revenue
$5.18B
Consensus $5.06B
Revenue surprise
+2.4%
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-3.6%
Event window
SPY move
-0.5%
Same window
Abnormal move
-3.1%
Stock minus SPY
Volume
1.9×
Versus trailing sessions
Subsequent drift
-13.3%
Up to 20 sessions
FOXASPY benchmark
Ask FN2 about FOXA FY2026 Q2
Transcript, numbers and history already loaded
Why did FOXA fall 3.6% after beating EPS estimates in FY2026 Q2?What changed in FOXA's guidance and outlook in FY2026 Q2?Give me the bull and bear case for FOXA after FY2026 Q2 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The transcript analysis highlights improved Fox One subscriber trends and a strong quarter for Tubi, alongside record advertising gains across news, sports and streaming. It also identifies rising sports-rights and production costs as a potential margin pressure.
Guidance delta
The supplied transcript analysis says formal guidance was not provided; no guidance change can be assessed.
Key takeaways
- Management’s reported themes include advertising growth across all segments, with record sales in news, sports and streaming.
- Fox One traction was associated with an approximately 6.3% year-over-year subscriber decline rate, according to the analysis.
- Tubi recorded 27% year-over-year view-time growth and 19% revenue growth, and achieved EBITDA profitability for a second consecutive quarter.
- Sports programming remained a key engagement and advertising driver, while higher rights and production costs are a stated risk.
Management priorities
- Use major live-sports events, including the FIFA Men’s World Cup and motorsports, to support advertising opportunities.
- Promote Fox One content and continue developing Tubi originals and podcast programming.
- Balance the sports portfolio against potential rights-cost pressure.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$62.76Current
$30Low
$61.32Average
$97High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 3, 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 |
|---|---|---|---|---|
| B of A Securities | Buy | Underperform | Upgrade | Oct 16, 2026 |
| Guggenheim | Buy | Buy | Maintain | Sep 23, 2026 |
| Wells Fargo | Overweight | Equal Weight | Upgrade | Aug 14, 2026 |
| JP Morgan | Overweight | Neutral | Upgrade | Aug 14, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | Aug 7, 2026 |
| Wolfe Research | Outperform | Peer Perform | Upgrade | Jul 1, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jun 15, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | May 12, 2026 |
| UBS | Buy | Buy | Maintain | Feb 5, 2026 |
| TD Cowen | Hold | Hold | Maintain | Feb 5, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Feb 5, 2026 |
| Citigroup | Buy | Buy | Maintain | Feb 5, 2026 |
| Goldman Sachs | Buy | Buy | Maintain | Dec 19, 2025 |
| Loop Capital | Buy | Buy | Maintain | May 13, 2025 |
| MoffettNathanson | Neutral | Buy | Downgrade | Jan 21, 2025 |
| Macquarie | Neutral | Neutral | Maintain | Nov 5, 2024 |
| Deutsche Bank | Buy | Buy | Maintain | Nov 5, 2024 |
| Rosenblatt | Neutral | Neutral | Maintain | Aug 7, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Aug 9, 2023 |
| Argus Research | Hold | Buy | Downgrade | Apr 6, 2023 |
| RBC Capital | Outperform | Outperform | Maintain | Nov 2, 2022 |
| KeyBanc | Equal Weight | Sector Weight | Maintain | Dec 9, 2020 |
| Telsey Advisory Group | Perform | Outperform | Downgrade | Nov 25, 2020 |
| Stifel Nicolaus | Buy | Buy | Maintain | Nov 25, 2020 |
| Sterne Agee | Buy | Buy | Maintain | Nov 25, 2020 |
| Societe Generale | Hold | Sell | Upgrade | Nov 25, 2020 |
| Pivotal Research | Hold | Buy | Downgrade | Nov 25, 2020 |
| Pacific Crest | Overweight | Overweight | Maintain | Nov 25, 2020 |
| OTR Global | Perform | Positive | Downgrade | Nov 25, 2020 |
| Nomura | Buy | Buy | Maintain | Nov 25, 2020 |
| Needham | Hold | Buy | Downgrade | Nov 25, 2020 |
| Jefferies | Buy | Buy | Maintain | Nov 25, 2020 |
| ISI Group | Buy | Strong Buy | Downgrade | Nov 25, 2020 |
| FBR Capital | Outperform | Outperform | Maintain | Nov 25, 2020 |
| Cowen & Co. | Perform | Outperform | Downgrade | Nov 25, 2020 |
| CFRA | Buy | Buy | Maintain | Nov 25, 2020 |
| Buckingham | Buy | Buy | Maintain | Nov 25, 2020 |
| BTIG Research | Neutral | Buy | Downgrade | Nov 25, 2020 |
| Brean Capital | Buy | Hold | Upgrade | Nov 25, 2020 |
| BMO Capital | Perform | Outperform | Downgrade | Nov 25, 2020 |
| Bernstein | Perform | Outperform | Downgrade | Nov 25, 2020 |
| B. Riley FBR | Buy | Neutral | Upgrade | Nov 25, 2020 |
| Atlantic Equities | Neutral | Underweight | Upgrade | Nov 25, 2020 |
| Buckingham Research | Buy | Buy | Maintain | Feb 25, 2019 |
| B. Riley Securities | Buy | Buy | Maintain | Jun 22, 2018 |
| BTIG | Neutral | Buy | Downgrade | Mar 17, 2016 |
| Stifel | Buy | Buy | Maintain | Feb 9, 2016 |
Named analyst price targets
Upside is calculated against the persisted current price $62.76. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Fox Advisors | Analyst unavailable | $85 | $63.98 | +35.4% | Oct 16, 2026 |
| Fox Advisors | Analyst unavailable | $95 | $65.94 | +51.4% | Sep 14, 2026 |
| Deutsche Bank | Analyst unavailable | $80 | $68.81 | +27.5% | Aug 14, 2026 |
| Fox Advisors | David Karnovsky | $82 | $65.45 | +30.7% | Aug 14, 2026 |
| Redburn Partners | Analyst unavailable | $71 | $53.74 | +13.1% | Jul 10, 2026 |
| Wells Fargo | Steven Cahall | $65 | $56.48 | +3.6% | Jul 6, 2026 |
| Wolfe Research | Analyst unavailable | $71 | $52.16 | +13.1% | Jun 30, 2026 |
| Seaport Global | David Joyce | $61 | $51.41 | -2.8% | Jun 16, 2026 |
| Barclays | Analyst unavailable | $60 | $55.1 | -4.4% | Jun 15, 2026 |
| Deutsche Bank | Analyst unavailable | $79 | $65.83 | +25.9% | May 12, 2026 |
| Evercore ISI | Analyst unavailable | $73 | $65.67 | +16.3% | May 12, 2026 |
| Wells Fargo | Steven Cahall | $71 | $67.72 | +13.1% | May 12, 2026 |
| Barclays | Analyst unavailable | $67 | $67.72 | +6.8% | May 12, 2026 |
| Wells Fargo | Steven Cahall | $67 | $59.11 | +6.8% | Mar 27, 2026 |
| UBS | Analyst unavailable | $64 | $55.34 | +2.0% | Feb 24, 2026 |
| Evercore ISI | Analyst unavailable | $70 | $65.93 | +11.5% | Feb 5, 2026 |
| Morgan Stanley | Analyst unavailable | $77 | $67.73 | +22.7% | Feb 5, 2026 |
| UBS | John Hodulik | $78 | $67.73 | +24.3% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $63 | $67.73 | +0.4% | Feb 5, 2026 |
| Wells Fargo | Analyst unavailable | $75 | $67.73 | +19.5% | Feb 5, 2026 |
| Wells Fargo | Analyst unavailable | $63 | $67.73 | +0.4% | Feb 5, 2026 |
| Goldman Sachs | Michael Ng | $80 | $67.73 | +27.5% | Feb 4, 2026 |
| UBS | Analyst unavailable | $85 | $71.77 | +35.4% | Dec 22, 2025 |
| UBS | Analyst unavailable | $87 | $71.26 | +38.6% | Dec 19, 2025 |
| Morgan Stanley | Benjamin Swinburne | $74 | $71.17 | +17.9% | Dec 18, 2025 |
| Evercore ISI | Vijay Jayant | $66 | $64.19 | +5.2% | Oct 31, 2025 |
| Morgan Stanley | Benjamin Swinburne | $70 | $64.38 | +11.5% | Oct 31, 2025 |
| UBS | Analyst unavailable | $76 | $65.51 | +21.1% | Oct 31, 2025 |
| Wells Fargo | Steven Cahall | $80 | $65.51 | +27.5% | Oct 31, 2025 |
| Barclays | Analyst unavailable | $64 | $65.51 | +2.0% | Oct 31, 2025 |
| Goldman Sachs | Analyst unavailable | $79 | $65.51 | +25.9% | Oct 30, 2025 |
| Fox Advisors | Andrew Beale | $97 | $61.27 | +54.6% | Oct 28, 2025 |
| Barclays | Analyst unavailable | $58 | $61.51 | -7.6% | Oct 8, 2025 |
| Guggenheim | Michael Morris | $68 | $60.23 | +8.3% | Sep 26, 2025 |
| Morgan Stanley | Benjamin Swinburne | $65 | $58.98 | +3.6% | Sep 9, 2025 |
| UBS | John Hodulik | $65 | $55.99 | +3.6% | Jun 25, 2025 |
| Fox Advisors | Analyst unavailable | $66 | $57.03 | +5.2% | Mar 3, 2025 |
| Goldman Sachs | Michael Ng | $60 | $54.64 | -4.4% | Feb 4, 2025 |
| Fox Advisors | Jason Bazinet | $50 | $43.69 | -20.3% | Nov 5, 2024 |
| Evercore ISI | Vijay Jayant | $42 | $43.69 | -33.1% | Nov 5, 2024 |
| Barclays | Kannan Venkateshwar | $39 | $41.58 | -37.9% | Oct 9, 2024 |
| Guggenheim | Michael Morris | $45 | $41.11 | -28.3% | Sep 24, 2024 |
| Goldman Sachs | Michael Ng | $46 | $41.11 | -26.7% | Sep 24, 2024 |
| Seaport Global | David Joyce | $40 | $40.31 | -36.3% | Sep 9, 2024 |
| Citigroup | Jason Bazinet | $47 | $41.04 | -25.1% | Aug 27, 2024 |
| Wells Fargo | Steven Cahall | $46 | $39.52 | -26.7% | Aug 16, 2024 |
| CFRA | Kenneth Leon | $38 | $38.96 | -39.5% | Aug 6, 2024 |
| Loop Capital Markets | Alan Gould | $43 | $37.31 | -31.5% | Aug 5, 2024 |
| UBS | John Hodulik | $44 | $34.62 | -29.9% | Jun 25, 2024 |
| Goldman Sachs | Michael Ng | $42 | $34.46 | -33.1% | Jun 25, 2024 |
| Rosenblatt Securities | Barton Crockett | $36 | $33.3 | -42.6% | May 9, 2024 |
| Deutsche Bank | Bryan Kraft | $39 | $33.16 | -37.9% | May 9, 2024 |
| CFRA | Kenneth Leon | $35 | $33.16 | -44.2% | May 8, 2024 |
| Seaport Global | David Joyce | $37 | $31.14 | -41.0% | Apr 5, 2024 |
| Macquarie | Analyst unavailable | $30 | $30.27 | -52.2% | Jan 4, 2023 |
| Rosenblatt Securities | Analyst unavailable | $37 | $34.88 | -41.0% | Aug 11, 2022 |
| Morgan Stanley | Benjamin Swinburne | $22 | $33.32 | -64.9% | Jul 18, 2022 |
| Rosenblatt Securities | Analyst unavailable | $38 | $39.21 | -39.5% | Apr 19, 2022 |
| UBS | John Hodulik | $50 | $39.09 | -20.3% | Jan 24, 2022 |
| Bank of America Securities | Jessica Reif Cohen | $54 | $41.86 | -14.0% | Oct 11, 2021 |
| Cowen & Co. | Doug Creutz | $40 | $36.04 | -36.3% | Aug 6, 2021 |
| Guggenheim | Michael Morris | $41 | $36.76 | -34.7% | Aug 5, 2021 |
| Loop Capital Markets | Alan Gould | $50 | $36.68 | -20.3% | Jun 30, 2021 |
| Wells Fargo | Steven Cahall | $47 | $37.18 | -25.1% | Jun 9, 2021 |
| Cannonball Research | Vasily Karasyov | $42 | $36.96 | -33.1% | Apr 12, 2021 |
Track every rating change on FOXA the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationFox Corporation (FOXA) is a prominent U.S.-based media entity, primarily engaged in the creation and distribution of news, sports, and entertainment content. Its operational framework is divided into three main segments: Cable Network Programming, Television, and a category for "Other, Corporate and Eliminations." The Cable Network Programming segment is dedicated to developing and licensing a broad spectrum of news, business news, and sports programming. This content is distributed predominantly within the U.S. via both traditional and digital multi-channel video providers (MVPDs), as well as various online platforms. This division includes well-known channels such as the national cable news outlet FOX News and the business news channel FOX Business. Sports enthusiasts are served by multi-sport networks like FS1 and FS2, niche offerings such as FOX Sports Racing (focused on motor sports), FOX Soccer Plus (for live soccer and rugby), and the Spanish-language FOX Deportes, alongside the Big Ten Network.…
Historical context
All FOXA earningsCommunication Services peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| FOX Fox Corporation | FY2027 Q1 · Calendar Q4 2026 | — | -0.5% | Fox Q1 FY2027: Sports and streaming fuel advertising strength |
| PINS Pinterest, Inc. | FY2026 Q3 · Calendar Q4 2026 | -5.4% | -2.8% | Pinterest’s user growth stays strong as revenue slows amid Europe headwinds |
| RDDT Reddit, Inc. | FY2026 Q3 · Calendar Q4 2026 | +5.3% | -29.2% | Reddit posts strong Q3 growth, but search traffic raises user-growth risk |
Latest beats and misses
Who reports nextBeat on EPS
- MARFY2026 Q3 · November 2, 2026+6.3% EPS+4.3% move
- NBIXFY2026 Q3 · November 2, 2026+72.3% EPS-0.5% move
- AXSMFY2026 Q3 · November 2, 2026+60.6% EPS-5.8% move
- TEMFY2026 Q3 · November 2, 2026+174.7% EPS+8.7% move
- BWXTFY2026 Q3 · November 2, 2026+6.8% EPS-0.2% move
- CUBEFY2026 Q3 · October 29, 2026+2.3% EPS+4.0% move
Missed on EPS
- RYAAYFY2027 Q2 · November 2, 2026-0.3% EPS+2.9% move
- GLPIFY2026 Q3 · October 29, 2026-11.5% EPS-1.3% move
- LYBFY2026 Q3 · October 30, 2026-1.2% EPS+5.0% move
- CCJFY2026 Q3 · October 30, 2026-101.4% EPS-7.9% move
- VALEFY2026 Q3 · October 29, 2026-24.6% EPS+1.9% move
- PINSFY2026 Q3 · October 29, 2026-5.4% EPS-2.8% move
Get the FOXA 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 · 2026-11-03T00:50:41.572255+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-03T00:50:41.569351+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 2026-11-03. For educational purposes only; not investment advice.