Fox Corp Q3 revenue, adjusted EPS beat analyst expectations

Fox

11/05/2026 13:09

Overview

US media company's fiscal Q3 revenue fell yr/yr but beat analyst expectations

Adjusted EPS for fiscal Q3 beat analyst expectations

Company repurchased $100 mln in stock during the quarter

Outlook

Company did not provide specific financial guidance for the current or upcoming periods

Result Drivers

SUPER BOWL IMPACT - Advertising revenue declined mainly due to the absence of the prior year's Super Bowl broadcast, partially offset by an additional NFL Wild Card game and digital growth led by Tubi

DISTRIBUTION REVENUE GROWTH - Distribution revenue increased, driven by contractual price increases at Cable Network Programming, partially offset by net subscriber declines

LOWER SPORTS COSTS - Lower sports programming rights amortization and production costs, mainly due to the absence of the Super Bowl, reduced expenses and supported higher adjusted EBITDA

Company press release: ID:nPn9dXN5ya

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$3.99 bln
$3.82 bln (15 Analysts)
Q3 Adjusted EPS
Beat
$1.32
$0.97 (15 Analysts)
Q3 EPS
$0.38
Q3 Net Income
$175 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 9 "strong buy" or "buy", 12 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the broadcasting peer group is "buy."

Wall Street's median 12-month price target for Fox Corp is $70.00, about 11.2% above its May 8 closing price of $62.94

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)