Core Viewpoint - Fox Corporation is experiencing a strong performance driven by its diverse media offerings and strategic initiatives, despite facing a projected decline in earnings per share (EPS) for fiscal 2026. Group 1: Company Overview - Fox Corporation, based in New York, has a market capitalization of approximately $32.7 billion and operates 29 full-power broadcast stations, reaching audiences through various channels including cable, satellite, and digital platforms [1]. Group 2: Financial Performance - Analysts forecast a diluted EPS of $0.46 for fiscal 2026 Q2, representing a 52.1% decline from $0.96 in the same quarter last year, although the company has a history of beating EPS estimates [2]. - For fiscal 2026, Wall Street projects a diluted EPS of $4.42, a 7.5% year-over-year decline, followed by a rebound in fiscal 2027 with EPS growth of 15.2% to $5.09 [2]. Group 3: Stock Performance - FOXA stock has surged 53.4% over the past 52 weeks and has gained 4.2% year-to-date, outperforming the broader market and the S&P 500 Index, which rose 16.2% over the same period [3]. - The stock's performance is particularly notable within the communications sector, where it has outperformed the State Street Communication Services Select Sector SPDR ETF, which increased by 18.6% in 52 weeks but declined slightly year-to-date [3]. Group 4: Recent Developments - On October 30, 2025, FOXA stock rose 7.7% intraday following strong fiscal 2026 Q1 results, with revenue climbing 4.9% year-over-year to $3.74 billion, exceeding analyst estimates [4]. - Adjusted EPS for the first quarter increased by 4.1% to $1.51, surpassing analyst expectations of $1.08 [4]. - The strong performance was significantly driven by Tubi, which achieved its first profitable quarter, with ad revenue increasing by approximately 27% and average viewing time rising by 18% [5]. - NFL ratings also improved, up nearly 12% year-over-year, reinforcing Fox's dominance in live sports content [5]. - Additionally, Fox announced a $1.5 billion share buyback, indicating management's confidence in the company's growth trajectory and commitment to returning capital to shareholders [5].
Fox Corporation’s Q2 2026 Earnings: What to Expect