Fox Corporation Class A (FOXA)

Over the past six months, FOXA's stock has surged by 44.8%, outperforming the communication sector, trading above its 50-day and 200-day moving averages. Guggenheim Securities boosted its price target for FOXA from $50 to $55. Fox Corp. reported strong Q1 2026 EPS of $1.51, beating estimates by 36.04%, and revenues of $3.74 billion, exceeding forecasts by 4.76%. Fox Corporation reported a 2% year-on-year revenue increase to $5.18 billion, beating Wall Street's estimates. Adjusted EPS was $0.82, significantly above analyst estimates.

Demand for Fox Corporation's products and services exhibits seasonality, driven by advertising cycles and major live events. Advertising revenue sees spikes during events like the Super Bowl and political advertising cycles. The timing of major sporting events can lead to seasonal deficits in free cash flow. Fluctuations in studio revenues due to content delivery timing can also impact the Television segment's revenue.

Fox Corporation focuses on news, sports, and entertainment content across various platforms. It operates through cable network programming, producing and licensing news and sports content for distribution. The television segment includes the FOX broadcast network, FOX Television Stations, and the AVOD service Tubi. Fox Corp. has expanded its digital footprint through acquisitions and direct-to-consumer services like Tubi and FOX One. Other businesses include Credible, TMZ, Bento Box Entertainment, and MarVista Entertainment.

Fox Corporation's primary operations and audience are in the United States, with headquarters in New York and additional offices in Burbank, California. MarVista Entertainment has a distribution footprint spanning over 125 global territories.

Fox Corporation maintains a strong brand reputation, particularly in news and live sports. FOX News consistently ranks as the most-watched cable news network. FOX Sports ended 2025 as the leader in live sports event viewership for six of the last seven years. Tubi has demonstrated significant growth, with total view time up 27% year-over-year. The launch of FOX One has exceeded expectations.

Fox Corporation operates with a dual-class share structure, allowing the Murdoch family to maintain control. The Murdoch Family Trust controls 36% of the high-voting Class B shares. Rupert Murdoch serves as Chairman Emeritus, and Lachlan Murdoch is the Executive Chair and CEO. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., State Street Corp., Dodge & Cox, and Independent Franchise Partners LLP.