Fox Reports Q3 Revenue of $3.99B, Exceeds Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 5 hours ago
0mins
Reports Q3 revenue $3.99B, consensus $3.81B. Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said: "Our fiscal third quarter results once again demonstrate continued strength and momentum across our business. This strong performance, led by robust core advertising trends, underscores FOX's leadership in live programming, bolstered by continued strength at our leading free streaming service, Tubi. Against this backdrop, we are proud to be bringing the world's biggest sporting event to American homes with the FIFA Men's World Cup hosted here in North America across June and July. Meanwhile we remain steadfast in our commitment to delivering long-term shareholder value supported by our strong balance sheet."
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Analyst Views on FOXA
Wall Street analysts forecast FOXA stock price to rise
13 Analyst Rating
6 Buy
7 Hold
0 Sell
Moderate Buy
Current: 62.940
Low
63.00
Averages
74.46
High
85.00
Current: 62.940
Low
63.00
Averages
74.46
High
85.00
About FOXA
Fox Corporation produces and distributes news, sports, and entertainment content through its primary domestic brands, including FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. Its operating segments include Cable Network Programming, Television, Credible and the FOX Studio Lot. Cable Network Programming produces and licenses news and sports content distributed through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors (virtual MVPDs) and other digital platforms. Television produces, acquires, markets and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, approximately 29 full power broadcast television stations, including 11 duopolies, and other digital platforms. The FOX Studio Lot provides television and film production services. Credible is a United States consumer finance marketplace.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Fox Corporation Reports Decline in Q3 Profit
- Profit Decline: Fox Corporation reported a third-quarter net profit of $166 million, or $0.38 per share, which represents a significant drop from last year's $346 million and $0.75 per share, indicating mounting profitability pressures.
- Adjusted Earnings: Excluding special items, Fox reported adjusted earnings of $570 million, or $1.32 per share, which, while lower than last year, still reflects a degree of profitability amidst challenging conditions.
- Revenue Drop: The company's revenue for the third quarter fell to $3.994 billion, down 8.6% from $4.371 billion last year, highlighting the direct impact of a sluggish advertising market on its top line.
- Market Reaction: With both profit and revenue declining, Fox Corporation's stock price may face pressure, prompting investors to closely monitor future market strategies and plans for growth recovery.
See More
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- Advertising Revenue Drop: Advertising revenue fell to $1.56 billion, down 23.8% from $2.04 billion year-over-year, reflecting the direct impact of the Super Bowl absence and highlighting challenges in the traditional advertising sector.
- Adjusted Net Income Growth: Despite net income dropping to $175 million ($0.38 per share), adjusted net income rose to $570 million ($1.32 per share), a 12.4% increase from $507 million ($1.10 per share) last year, demonstrating effective cost control measures.
- EBITDA Increase: Adjusted EBITDA reached $954 million, an 11.5% increase from $856 million in the previous year, primarily driven by lower expenses, indicating significant progress in operational efficiency.
See More
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- Advertising Sales Growth: The strong core advertising trends drove revenue growth, with CEO Lachlan Murdoch noting that this performance reinforces Fox's leadership in live programming, indicating a recovery in the advertising market.
- Tubi Streaming Service: Fox's Tubi streaming service continues to show strong performance, becoming a key driver of revenue growth for the company, reflecting ongoing consumer demand for free streaming content.
- Market Leadership Position: Fox's success not only enhances its market share but also strengthens its strategic position in the highly competitive media industry, suggesting potential for future growth.
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- Live Webcast Access: Investors can access the live webcast by logging onto the investor relations section of Fox Corporation's website, ensuring transparent information dissemination and effective communication with stakeholders.
- Investor Interaction Opportunity: This earnings call serves not only as a platform for financial data release but also allows investors to ask questions, enhancing interaction between the company and its shareholders and fostering confidence in the company's future prospects.
- Market Reaction Expectations: While specific details of the earnings report remain undisclosed, the market is keenly focused on Fox's performance in advertising revenue and streaming services, which is expected to have a notable impact on its stock price.
See More
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- Market Volatility: The geopolitical developments led to a slight decline in S&P 500 futures while European futures remained flat; however, the artificial intelligence sector continues to drive equities higher, with South Korean shares surging nearly 5% due to strong performances from chipmakers.
- Chinese Economic Data: China's producer prices exceeded expectations in April, reaching a 45-month high, which adds pressure on manufacturers already struggling with weak domestic demand, potentially impacting global market sentiment.
- U.S. Economic Indicators: U.S. home sales data is set to be released on Monday, with the market closely monitoring this information to assess economic health, alongside earnings reports from SoftBank and Nippon Yusen after the Tokyo market closes, which may influence investor sentiment.
See More
Fox to Announce Q3 Earnings on May 11
- Earnings Announcement Date: Fox Corporation (FOXA) is set to announce its Q3 earnings on May 11 before market open, with consensus EPS estimate at $0.97 and revenue expected at $3.81 billion, indicating investor focus on the company's financial performance.
- EPS Expectation Changes: Over the past three months, EPS estimates have seen one upward revision and 14 downward revisions, reflecting fluctuations in analyst confidence regarding the company's profitability, which may influence investor decisions.
- Revenue Expectation Adjustments: In contrast to EPS, revenue estimates have experienced 10 upward revisions and 4 downward revisions, suggesting a relatively optimistic market outlook on Fox's revenue growth potential in the media sector, despite some uncertainties.
- Strategic Partnership Developments: Fox has chosen Amazon AWS as its preferred AI cloud provider and partnered with Kalshi to integrate prediction market data, showcasing the company's strategic focus on technological innovation and data-driven decision-making to enhance its market competitiveness.
See More
Fox Corporation Reports Decline in Q3 Profit
- Profit Decline: Fox Corporation reported a third-quarter net profit of $166 million, or $0.38 per share, which represents a significant drop from last year's $346 million and $0.75 per share, indicating mounting profitability pressures.
- Adjusted Earnings: Excluding special items, Fox reported adjusted earnings of $570 million, or $1.32 per share, which, while lower than last year, still reflects a degree of profitability amidst challenging conditions.
- Revenue Drop: The company's revenue for the third quarter fell to $3.994 billion, down 8.6% from $4.371 billion last year, highlighting the direct impact of a sluggish advertising market on its top line.
- Market Reaction: With both profit and revenue declining, Fox Corporation's stock price may face pressure, prompting investors to closely monitor future market strategies and plans for growth recovery.
See More
Fox Corporation Reports Q3 2026 Financial Results
- Revenue Decline: Fox Corporation reported total revenue of $3.99 billion for Q3 2026, an 8.5% decrease from $4.37 billion in the prior year, primarily due to the absence of Super Bowl advertising revenue, indicating pressure in the advertising market.
- Advertising Revenue Drop: Advertising revenue fell to $1.56 billion, down 23.8% from $2.04 billion year-over-year, reflecting the direct impact of the Super Bowl absence and highlighting challenges in the traditional advertising sector.
- Adjusted Net Income Growth: Despite net income dropping to $175 million ($0.38 per share), adjusted net income rose to $570 million ($1.32 per share), a 12.4% increase from $507 million ($1.10 per share) last year, demonstrating effective cost control measures.
- EBITDA Increase: Adjusted EBITDA reached $954 million, an 11.5% increase from $856 million in the previous year, primarily driven by lower expenses, indicating significant progress in operational efficiency.
See More
Fox Corp Surpasses Q3 Revenue Estimates Driven by Advertising and Tubi Growth
- Strong Revenue Performance: Fox Corp reported third-quarter revenue of $3.99 billion, exceeding analysts' expectations of $3.82 billion, highlighting the company's robust performance in advertising sales, particularly in its sports and news divisions.
- Advertising Sales Growth: The strong core advertising trends drove revenue growth, with CEO Lachlan Murdoch noting that this performance reinforces Fox's leadership in live programming, indicating a recovery in the advertising market.
- Tubi Streaming Service: Fox's Tubi streaming service continues to show strong performance, becoming a key driver of revenue growth for the company, reflecting ongoing consumer demand for free streaming content.
- Market Leadership Position: Fox's success not only enhances its market share but also strengthens its strategic position in the highly competitive media industry, suggesting potential for future growth.
See More
Fox Corporation to Host Q3 2026 Earnings Call
- Earnings Call Announcement: Fox Corporation is set to host a conference call on May 11, 2026, at 8:30 AM ET to discuss its Q3 2026 earnings results, aiming to provide investors with the latest financial insights and company developments.
- Live Webcast Access: Investors can access the live webcast by logging onto the investor relations section of Fox Corporation's website, ensuring transparent information dissemination and effective communication with stakeholders.
- Investor Interaction Opportunity: This earnings call serves not only as a platform for financial data release but also allows investors to ask questions, enhancing interaction between the company and its shareholders and fostering confidence in the company's future prospects.
- Market Reaction Expectations: While specific details of the earnings report remain undisclosed, the market is keenly focused on Fox's performance in advertising revenue and streaming services, which is expected to have a notable impact on its stock price.
See More
Market Outlook: Geopolitical Tensions and Economic Data Intertwined
- Geopolitical Tensions: President Trump's rejection of Iran's peace proposal as 'totally unacceptable' highlights the significant gap between the parties in reopening the Strait of Hormuz, resulting in oil prices rising over 4% during the Asian trading session.
- Market Volatility: The geopolitical developments led to a slight decline in S&P 500 futures while European futures remained flat; however, the artificial intelligence sector continues to drive equities higher, with South Korean shares surging nearly 5% due to strong performances from chipmakers.
- Chinese Economic Data: China's producer prices exceeded expectations in April, reaching a 45-month high, which adds pressure on manufacturers already struggling with weak domestic demand, potentially impacting global market sentiment.
- U.S. Economic Indicators: U.S. home sales data is set to be released on Monday, with the market closely monitoring this information to assess economic health, alongside earnings reports from SoftBank and Nippon Yusen after the Tokyo market closes, which may influence investor sentiment.
See More
Fox to Announce Q3 Earnings on May 11
- Earnings Announcement Date: Fox Corporation (FOXA) is set to announce its Q3 earnings on May 11 before market open, with consensus EPS estimate at $0.97 and revenue expected at $3.81 billion, indicating investor focus on the company's financial performance.
- EPS Expectation Changes: Over the past three months, EPS estimates have seen one upward revision and 14 downward revisions, reflecting fluctuations in analyst confidence regarding the company's profitability, which may influence investor decisions.
- Revenue Expectation Adjustments: In contrast to EPS, revenue estimates have experienced 10 upward revisions and 4 downward revisions, suggesting a relatively optimistic market outlook on Fox's revenue growth potential in the media sector, despite some uncertainties.
- Strategic Partnership Developments: Fox has chosen Amazon AWS as its preferred AI cloud provider and partnered with Kalshi to integrate prediction market data, showcasing the company's strategic focus on technological innovation and data-driven decision-making to enhance its market competitiveness.
See More
