FOXA Gears Up to Report Q2 Earnings: What's in Store for the Stock?

Core Insights - Fox Corporation (FOXA) is expected to report second-quarter fiscal 2026 results on February 4, with earnings estimated at 46 cents per share, reflecting a 52.08% decline year over year, and revenues projected at $5.06 billion, indicating a 0.41% decrease from the previous year [2][10] Financial Performance - The company has consistently beaten the Zacks Consensus Estimate in the past four quarters, with an average surprise of 33.54% [3] - The earnings estimate for Q4 2025 remains unchanged over the past 30 days, with an Earnings ESP of 0.00% and a Zacks Rank of 2 (Buy) [11][10] Factors Influencing Results - Fox Corporation entered the second quarter following solid revenue growth in the first quarter, with Tubi achieving its first profitable quarter [4] - The company is expected to benefit from strong sports and news programming, although year-over-year comparisons are affected by the absence of political advertising revenues from the previous year [4][10] Key Growth Drivers - FOX Sports is anticipated to be a significant growth driver, with notable viewership for NFL games and partnerships enhancing audience reach [5] - FOX News Media maintained its status as the most-watched cable network, positively influencing advertising pricing despite softer market conditions [6] - Entertainment programming saw benefits from returning franchises and new acquisitions, although development costs may have impacted operating margins [7] Tubi's Performance - Tubi's strong performance from the first quarter is expected to continue, bolstered by new partnerships enhancing content offerings [8]