| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 77 | 16.9x | 17.8x | Top tier | |
Growth | 23 | 5.1% | 7.1% | Bottom tier | |
Quality | 60 | 14.8% | 4.5% | Around median | |
Safety | 74 | 0.6x | 2.6x | Top tier | |
Capital Return | 66 | — | 2.12% | Around median | |
Momentum | 62 | 1.5% | 2.9% | Around median | |
Sentiment | 88 | 12 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
Fox Corporation operates a media portfolio focused on news, sports, and entertainment across cable networks, television stations, and digital platforms. It generates revenue primarily from advertising, distribution fees, and content licensing; its assets include FOX News, FOX Sports, and FOX stations, along with the free ad-supported streaming platform Tubi and the direct-to-consumer streaming service FOX One. During fiscal year 2026, advertising revenue increased 7%, distribution revenue rose 4%, and content and other revenue grew 4%.
In Q4 of fiscal year 2026, total revenue increased 28% to $4.2 billion, and adjusted earnings before interest, taxes, depreciation, and amortization rose 27% to $1.2 billion, representing a calculated margin of approximately 28.6%. Net income attributable to Fox shareholders was approximately $691 million, or $1.61 per share, while adjusted earnings per share increased 41% to $1.79. Advertising revenue grew 78% and distribution revenue increased 5%, while content and other revenue declined to $262 million from $269 million due to the timing of sports sublicensing revenue.
The segment mix showed a clear divergence in Q4 of fiscal year 2026; Television segment revenue grew 45% and its earnings before interest, taxes, depreciation, and amortization increased 129%, supported by the World Cup, political advertising, and Tubi. In contrast, Cable Network Programming revenue increased 9%, but segment earnings before interest, taxes, depreciation, and amortization declined 3% after expenses rose 20%. For fiscal year 2026, revenue exceeded $17 billion and adjusted earnings before interest, taxes, depreciation, and amortization reached $3.9 billion, while net income totaled $1.7 billion and earnings per share were $3.84.
The analyst consensus rates FOXA as “Buy,” with an average price target of $70.38 and a wide target range from $60 to $82. The average target falls within the 52-week range of $48.34 to $76.39 and is approximately 7.9% below the top of that range, while the highest target exceeds the peak by approximately 7.3%; this dispersion reflects the balance between Tubi and FOX One growth and advertising momentum versus declining traditional distribution subscribers, sports costs, and execution risks related to the Roku transaction.
Figures in the text are as of 2026-08-28; the live price is shown at the top of the page.
Fox revenue increased 28% to $4.2 billion in Q4 of fiscal year 2026, and adjusted earnings before interest, taxes, depreciation, and amortization rose 27% to $1.2 billion. World Cup broadcasts were the largest driver of the 78% surge in advertising revenue, alongside Tubi growth and political advertising at the stations. Adjusted earnings per share reached $1.79, up 41% from $1.27 in the comparable period.
Tubi achieved 35% revenue growth and a 17% increase in viewing time during Q4 of fiscal year 2026, reaching 110 million monthly active users. The World Cup hub on the platform attracted more than 20 million viewers, but management explained on August 6, 2026, that tournament revenue was relatively small within Tubi's total growth. FOX One also exceeded expectations, with additional subscribers and a churn rate below management's estimates.
Fox said on August 6, 2026, that the pending acquisition of Roku aims to expand its presence in connected-TV distribution, digital advertising, and subscriptions. The transaction was in the early stages of the approval process, with closing expected in the first half of 2027. Management expects net leverage to reach approximately 2.8 times at closing, so the transaction combines an opportunity to expand digital scale with approval, integration, and financing risks.
Automated analysis for informational purposes only — not investment advice.
Tubi was positive at the earnings before interest, taxes, depreciation, and amortization level in every quarter of fiscal year 2026, alongside 35% revenue growth in the final quarter. FOX One exceeded management's expectations and contributed to distribution revenue with minimal cannibalization of pay-TV subscribers. Combined digital investment declined from just under $300 million in fiscal year 2025 to less than $200 million in fiscal year 2026, and management expects continued improvement in fiscal year 2027.
Management expects Q1 of fiscal year 2027 to benefit from the remainder of World Cup revenue, in addition to midterm election advertising that is expected to exceed the more than $260 million recorded in the prior cycle. Upfront advertising bookings also achieved double-digit volume growth across sports, news, and Tubi, and the company expects distribution revenue growth in both the Cable Network Programming and Television segments. In contrast, World Cup revenue will carry less weight in fiscal year 2027 than in fiscal year 2026, while subscriber declines among third-party distributors continue amid strong competition in the connected-TV market.
The company repurchased $2 billion of shares during fiscal year 2026 and paid approximately $243 million in cash dividends. It also raised the semiannual dividend to $0.29 per share, bringing total capital returned since the separation to $10.7 billion. This total included $8.6 billion in share repurchases, representing approximately 36% of total shares outstanding since the program launched in November 2019.
