Fox Corporation Class A (FOXA)

In the past six months, Fox Corp. experienced a share price increase of 55.49% from July 15, 2024, to July 14, 2025, and a 50.54% increase for the FOX ticker from July 19, 2024, to July 18, 2025. The company's adjusted EPS of $1.45 in Q1 fiscal year 2025 exceeded consensus by 29.5%, driven by higher advertising revenues and affiliate fees. In Q4 2024, revenue exceeded estimates by 5%, driven by political advertising and sports sublicensing sales. Guggenheim Securities raised its price target for Fox Corporation from $50 to $55 in December 2024. In May 2025, FOX One, a new consolidated streaming service, was unveiled and is set to launch in Fall 2025.

Demand for Fox Corp.'s products and services exhibits seasonality, driven by advertising and affiliate revenues, influenced by events like political seasons and sports games. Strong political advertising and sports sublicensing sales drive revenue. The launch of FOX One in Fall 2025 aligns with the NFL and college football seasons. Live news and sports content help maintain advertising revenue. The company's financial performance and cash flow can deviate from longer-term margins, indicating the seasonal nature of its business.

Fox Corporation is an American multinational mass media company focused on news, sports, and entertainment. Its business is divided into Cable Network Programming, Television, and Other, Corporate and Eliminations. Cable Network Programming produces and licenses news and sports content through channels like Fox News, Fox Business Network, FS1, FS2, and the Big Ten Network. The Television segment produces and distributes programming through the FOX broadcast network and includes Tubi, an AVOD service, and 29 broadcast television stations. The FOX Studio Lot provides production services, and Fox Corp. also includes Credible, a consumer finance marketplace.

Fox Corporation is headquartered in New York City, with offices in Burbank, California. It has a significant domestic presence in the United States through its broadcast television stations and cable networks. Internationally, it extends its reach through Fox International Channels in Europe, Latin America, Africa, and Asia, and engages in satellite broadcasting services via subsidiaries like Sky Italia and Sky Deutschland.

Fox Corporation's brand reputation is influenced by Fox News and Fox Sports. Fox News Media has been the most-watched television news channel in the U.S. for over 18 years and the most engaged news brand across social media for nearly seven years. The company's focus on live news and sports content is a key advantage. However, Fox Corp.'s reputation has been impacted by legal challenges, including a $787.5 million settlement in a defamation lawsuit with Dominion Voting Systems and an ongoing $2.7 billion defamation lawsuit filed by Smartmatic.

Fox Corporation has a dual-class ownership structure, with Class A shares for public investors and Class B shares with greater voting rights held primarily by the Murdoch family. The Murdoch family controls the company through a family trust with a 39.6% ownership share, and Rupert Murdoch holds almost 40% voting power. Lachlan Murdoch took over as chairman and CEO in September 2023. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., Dodge & Cox, and State Street Corp. The Family Trust Murdoch is the largest individual shareholder, owning 102.21 million shares, representing 22.73% of the company.