Fox Corporation Class B (FOX)

In the past six months, Fox Corp.'s stock has experienced several notable events. On February 4, 2026, the company reported its fiscal second-quarter 2026 earnings, with an earnings per share (EPS) of $0.82, significantly surpassing analysts' forecasts of $0.49. Despite this earnings beat and a 2% year-over-year increase in total revenue to $5.18 billion, the stock experienced a slight dip, closing down 3.22% at $63.18 on the day of the announcement. The company's adjusted EBITDA, however, decreased to $692 million from $781 million in the prior year, attributed to higher digital and sports content expenses. Over the past 52 weeks, FOXA shares have rallied by 20.9%, outperforming the S&P 500 Index. However, year-to-date, the stock is down 9.8%. On February 7, 2026, Zacks Research downgraded FOX from a "strong-buy" to a "hold" rating. Wells Fargo & Company also downgraded FOX from a "strong-buy" to a "hold" rating. Insider selling activity was reported, with the chairman selling shares in a transaction on November 10, 2025, reducing their direct ownership by 8.33%, and the CFO also selling a significant number of shares in November 2025, decreasing their ownership by 43.39%.

Demand for Fox Corp.'s products and services exhibits seasonality, largely influenced by advertising cycles and major live events. The company has noted strong demand in the advertising market, particularly for live sports and news content. Advertising revenues can be impacted by political cycles. Major sporting events contribute to record advertising performance. Distribution revenues have seen consistent growth due to contractual price increases. Tubi's growth indicates a consistent demand for its ad-supported streaming content. Upcoming events are expected to drive demand.

Fox Corporation is an American multinational mass media company primarily engaged in television broadcasting, news, and sports. It operates in the media sector, focusing on television broadcast, news, and sports broadcasting. Its major products and services include Fox Broadcasting Company, Fox Television Stations, Fox News Media, and Fox Sports. Fox also owns Tubi, Bento Box Entertainment, MarVista Entertainment, TMZ, and FOX One.

Headquartered in New York City with additional offices in Burbank, California, Fox Corporation serves a worldwide audience. Domestically, its television stations are present in 14 of the top 15 largest designated market areas across the United States. Internationally, its MarVista Entertainment arm boasts an extensive distribution network spanning over 125 global territories.

Fox Corporation has maintained a strong brand reputation, particularly within its core segments. Fox News Media has consistently held its position as the most-watched cable network and the leading cable news network. Fox Sports has also demonstrated strong performance, ending 2025 as the leader in live sports event viewership for six of the last seven years. Tubi has experienced spectacular growth, with total view time increasing by 79% in fiscal 2023. The company's commitment to corporate social responsibility also earned high marks from ESG ratings providers in fiscal 2023.

Fox Corporation is controlled by Lachlan Murdoch through a family trust, holding 36% of the voting shares. Rupert Murdoch serves as chairman emeritus. Major institutional owners of Fox Corp. (FOX) include Vanguard Group Inc., State Street Corp., BlackRock, Inc., State Of Wisconsin Investment Board, Dodge & Cox, Yacktman Asset Management Lp, Independent Franchise Partners LLP, XLC - The Communication Services Select Sector SPDR Fund, and Geode Capital Management, Llc.