Fox Corp Q4 revenue beats estimates as FIFA World Cup boosts advertising

Fox

06/08/2026 13:13

Overview
U.S. media firm's fiscal Q4 revenue rose 28% yr/yr, beating analyst expectations
Adjusted EPS for fiscal Q4 beat analyst expectations
Company repurchased $100 mln in shares during the quarter

Result Drivers
WORLD CUP IMPACT - Co said advertising revenue surged due to broadcast of FIFA Men's World Cup
DIGITAL GROWTH - Continued digital growth led by Tubi AVOD service contributed to advertising revenue increase
HIGHER SPORTS COSTS - Expenses rose due to higher sports programming rights amortization and production costs, led by World Cup broadcast

Company press release: ID:nPn5sfj8ca

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$4.21 bln
$3.64 bln (16 Analysts)
Q4 Adjusted EPS
Beat
$1.79
$1.42 (15 Analysts)
Q4 EPS
 
$1.61
 
Q4 Net Income
 
$696 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 10 "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 Corporation is $68.00, about 15.9% above its August 5 closing price of $58.68
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads
Aug 6 - Warner Bros. Discovery Q2 revenue falls on advertising, box office weakness
Aug 5 - Sinclair Q2 revenue rises on political advertising strength 
Aug 5 - Disney Q3 adjusted EPS beats on Toy Story 5 performance; plans $9 bln buyback

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(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.)