Fox Corporation (NASDAQ: FOXA) is a prominent player in the media industry, known for its extensive portfolio of news, sports, and entertainment content. The company operates through various segments, including Cable Network Programming and Television, and has a significant presence in the ad-supported streaming market with its service, Tubi. Fox competes with other media giants like Disney and Comcast.
On February 4, 2026, Goldman Sachs maintained its "Buy" rating for FOXA, despite lowering the price target from $87 to $80. At the time, FOXA was trading at $67.73. This decision reflects confidence in the company's long-term potential, even as the stock price experienced a 3.61% decrease, closing at $67.73, down $2.54.
Fox Corporation reported impressive quarterly earnings of $0.82 per share, surpassing the Zacks Consensus Estimate of $0.47 per share by 74.47%. However, this was a decrease from the $0.96 per share reported in the same quarter last year. In the previous quarter, Fox had also exceeded expectations with earnings of $1.51 per share against an anticipated $1.06, resulting in a 42.45% surprise.
The company achieved revenues of $5.18 billion for the quarter ending December 2025, exceeding the Zacks Consensus Estimate by 2.47% and showing an increase from the $5.08 billion reported in the same period the previous year. This growth was driven by a 4% rise in distribution revenues, largely due to a 5% increase in the Cable Network Programming segment.
Fox's advertising revenues saw a modest 1% increase, attributed to higher sports and news pricing, digital growth from the Tubi AVOD service, and additional Major League Baseball postseason games. However, this was partially offset by a decline in political advertising revenues and lower ratings. Despite these challenges, Fox's consistent outperformance of consensus EPS and revenue estimates highlights its strong financial performance.
