Fox Corporation to Match $1,000 Contribution to Trump Accounts Program
Fox Corporation announced that it will match the U.S. government's one-time $1,000 contribution to the "Trump Accounts" children's retirement savings account program for eligible U.S. employees. Scheduled to launch in July of this year, "Trump Accounts" are tax-advantaged investment accounts for American children designed to jumpstart their financial future. Through this pilot program, a contribution of $1,000 from the U.S. Treasury will be made into a specified account for every child born in the U.S. between January 1, 2025, and December 31, 2028. "This contribution match will help our employees provide a strong financial foundation for their children as they learn to save, invest and grow a healthy financial future," said Lachlan Murdoch, Executive Chair and CEO, Fox Corporation.
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Announcement of Matching Contribution: Fox Corporation has announced it will match the U.S. government's $1,000 contribution to the "Trump Accounts" children's retirement program.
Support for Children's Retirement: This initiative aims to support children's retirement savings, aligning with government efforts to enhance financial security for future generations.
- Company Overview: Fox Corporation's Supercast will continue to operate autonomously under the leadership of founder and CEO Jason Sew.
- Leadership Confirmation: Jason Sew's role as CEO ensures that Supercast maintains its independent operational structure within Fox Corporation.
- Acquisition Agreement: Texas Instruments is set to acquire Silicon Labs for $231 per share in an all-cash transaction valued at $7.5 billion, which not only boosts Silicon Labs' market valuation but also enhances Texas Instruments' competitive edge in the semiconductor sector.
- Positive Market Reaction: Following the acquisition announcement, Silicon Labs' stock surged by 49%, indicating strong investor confidence in the deal and reflecting optimistic expectations for consolidation within the semiconductor industry.
- Strong Earnings Performance: Silicon Labs reported an adjusted EPS of 56 cents for Q4, slightly above the consensus estimate of 55 cents, demonstrating stable financial performance that enhances the attractiveness of the acquisition.
- Industry Consolidation Trend: This acquisition represents a strategic move for Texas Instruments to expand its product line and signifies an acceleration in semiconductor industry consolidation, potentially triggering more similar deals that could reshape the market landscape.
- Record Ad Revenue: Fox Corporation achieved record-breaking advertising revenue in Q2, particularly from Major League Baseball postseason and NFL events, reflecting a robust recovery in the advertising market and reinforcing the company's leadership position in the media industry.
- Strong Tubi Performance: Tubi delivered a 19% revenue growth in the quarter, with total view time up 27% year-over-year, achieving EBITDA profitability for the second consecutive quarter, indicating its growing competitiveness and appeal in the streaming market, which is expected to continue driving overall company performance.
- FOX One Subscriber Growth: FOX One's early user growth exceeded expectations, with management projecting low to mid-single-digit millions of subscribers over the next 3 to 4 years, demonstrating the effectiveness of the company's strategic positioning in digital platforms and enhancing confidence in future revenue growth.
- Financial Stability: Fox Corporation reported total revenues of $5.18 billion in Q2, a 2% increase year-over-year, and while adjusted EBITDA fell to $692 million compared to the prior year, the company maintained strong financial performance, showcasing effective strategies in cost management and revenue growth.
- Revenue Growth: Fox Corp's fiscal Q2 2026 revenue increased by 2% year-over-year to $5.18 billion, surpassing Wall Street's consensus estimate of $5.06 billion, indicating the company's stable performance in the media sector.
- Net Income Performance: Adjusted net income reached $360 million, or 82 cents per share, which, despite a decline from $442 million and 96 cents per share a year earlier, exceeded analysts' expectations of 50 cents, reflecting the company's resilience in profitability.
- Advertising Revenue Boost: Advertising revenue advanced 1.4% to $2.46 billion, primarily driven by higher pricing in sports and news, digital growth from the Tubi AVOD service, and additional MLB postseason games, although offset by lower political advertising revenues.
- Stock Buyback Program: Fox repurchased approximately $750 million of Class A common stock and $800 million of Class B common stock during the quarter, demonstrating confidence in its stock value while also declaring a dividend of 28 cents per share to enhance shareholder returns.
- Revenue Growth: Fox's total revenue for Q2 reached $5.18 billion, a 2% increase year-over-year, surpassing the market expectation of $5.05 billion, indicating strong momentum in advertising and distribution, particularly in sports and news pricing.
- Ad Revenue Increase: Advertising revenue rose by 1.4% year-over-year, driven by continued digital growth from the Tubi AVOD service and the impact of additional MLB postseason games, reflecting positive progress in the company's digital transformation efforts.
- Net Income Performance: Net income attributable to shareholders was $229 million, or $0.52 per share, lower than last year's $373 million and $0.81 per share; however, adjusted earnings of $0.82 per share exceeded Wall Street's expectation of $0.52, demonstrating resilience in profitability.
- Stock Buyback Program: During the quarter, Fox repurchased $750 million of Class A common stock and $800 million of Class B common stock, indicating the company's confidence in its stock value and potentially enhancing shareholder returns.








