Core Viewpoint - Fox Corporation is actively expanding its media presence through acquisitions and new service launches, despite facing projected declines in profit for the upcoming fiscal quarter [1][2][3]. Financial Performance - Fox Corporation has a market capitalization of $25.92 billion [1]. - The company is expected to report a profit decline of 26.9% year-over-year (YOY) to $1.06 per diluted share for the first quarter of fiscal 2026 [2]. - For the current fiscal year, profit is projected to drop by 12.1% annually to $4.20 per diluted share, but is expected to rebound with a 15.7% increase to $4.86 in the next fiscal year [3]. - The latest quarterly results showed a revenue increase of 6.3% YOY to $3.29 billion, surpassing analyst expectations of $3.11 billion [6]. - Adjusted EPS for the latest quarter was $1.27, reflecting a 41.1% YOY increase and exceeding the expected figure of $1.01 [6]. Stock Performance - Over the past 52 weeks, Fox's stock has gained 39.7%, and is up 20.9% year-to-date (YTD), outperforming the S&P 500 Index which gained 15.1% and 14.5% over the same periods [4]. - The stock performance has also outpaced the communication services sector, with the Communication Services Select Sector SPDR ETF Fund up 28.4% over the past 52 weeks and 20.5% YTD [4]. - Despite better-than-expected fourth-quarter results for fiscal 2025, the stock fell 3.7% intraday on August 5 [5].
Fox Corporation Earnings Preview: What to Expect