NASDAQ:FOX

Track all markets on TradingView - Prices are not updated in real time
Fox Stock Jumps 5% as JPMorgan and Wells Fargo Upgrade Ratings

Fox Corporation shares rose more than 5% after two major Wall Street firms upgraded the media company, providing a strong catalyst for both classes of Fox stock.

JPMorgan upgraded Fox (NASDAQ: FOX) from Neutral to Overweight and raised its price target from $70 to $82. Analyst David Karnovsky issued the same upgrade for Fox’s Class A shares (NASDAQ: FOXA), also lifting the target from $70 to $82.

Wells Fargo was similarly bullish. The firm upgraded FOX from Underweight to Overweight with an $80 price target. Wells Fargo analyst Steven Cahall also upgraded FOXA from Equal Weight to Overweight and raised the price target from $65 to $80.

The coordinated upgrades represent a significant improvement in Wall Street sentiment toward Fox. In particular, Wells Fargo’s move on FOX from Underweight directly to Overweight signals a substantial reassessment of the stock’s risk-reward profile.

FOX shares were up about 5.2% at $61.14, while FOXA gained roughly 5.3% to $68.89. The new targets imply further upside from those levels, with JPMorgan’s $82 target among the most bullish of the ratings shown.

The rally suggests investors are responding positively to the improved analyst outlook, with two major banks simultaneously moving to bullish ratings and substantially higher valuation targets.
💬
Author
Global Finance News 08-14-26
Fox Corporation (FOXA) Q1 2026: Tubi Shines, FIFA Looms, Stock Gains 1.78%

Monday, May 11, 2026

Fox Corporation is up 1.78% today after reporting a quarter that — on first glance — looks like a step back but is actually a clean beat once you strip out the Super Bowl comparison. The market is reading it correctly: the underlying business is healthy, the streaming strategy is working, and the biggest revenue catalyst of the year hasn't even started yet.

The Super Bowl Distortion

The headline numbers require context. Total revenue fell to $3.99 billion from $4.37 billion a year ago, and net income dropped to $175 million from $354 million. But the prior-year quarter included the broadcast of Super Bowl LIX — a once-a-year windfall that inflated advertising revenue to $2.04 billion. Strip that out, and the picture looks entirely different. Adjusted EBITDA grew 11% to $954 million, and adjusted net income attributable to shareholders rose to $570 million, or $1.32 per share, up from $1.10 a year ago. That's the number that matters.

Cable: Steady and Profitable

The Cable Network Programming segment — home to Fox News, Fox Business, and FS1 — delivered $1.74 billion in revenue, up 6% year-over-year, with segment EBITDA of $884 million. Distribution revenue grew 5% on contractual price increases, advertising revenue rose 5% driven by higher news pricing, and content and other revenue jumped 24% on higher sports sublicensing. Fox News continues to command premium ad rates even as linear viewership gradually erodes — a testament to its unique position in the live news landscape.

Television: The Tubi Effect

The Television segment's revenue fell to $2.20 billion from $2.70 billion, entirely explained by the Super Bowl absence. But the more important story is at the bottom line: Television segment EBITDA surged to $191 million from just $60 million a year ago — a 218% jump — as the absence of Super Bowl production costs dramatically reduced expenses. Tubi, Fox's free ad-supported streaming service, continues to be the standout growth engine, driving digital advertising gains that partially offset the structural decline in linear TV. CEO Lachlan Murdoch specifically called out "continued digital growth led by Tubi" as a core pillar of performance.

The FIFA World Cup: The Real Catalyst

The most important line in today's release isn't a financial figure — it's this: Fox is broadcasting the FIFA Men's World Cup across June and July, hosted in North America. This is one of the most-watched sporting events on the planet, and Fox holds the U.S. broadcast rights. The advertising revenue impact will be substantial and will flow primarily into Q4 fiscal 2026 results. With the World Cup co-hosted across the U.S., Canada, and Mexico, domestic audience interest is expected to be at record levels. Investors buying the stock today are partly pricing in that tailwind.

Capital Return and Balance Sheet

Fox continues to buy back stock steadily. During the quarter the company repurchased $50 million each of Class A and Class B shares, with $3.5 billion of buyback authorization remaining. The balance sheet remains strong, and the company's commitment to returning capital is consistent and credible.

The Bottom Line

Fox is a cleaner story than its headline numbers suggest. The core advertising business is growing, Tubi is gaining momentum in a streaming market that increasingly favors free ad-supported models, distribution revenue is holding up despite cord-cutting, and the FIFA World Cup is about to deliver a major earnings injection. The 1.78% gain today reflects a market that looked past the Super Bowl noise and liked what it saw. With the World Cup on deck, the next quarter could be the one that really moves the stock.
💬
Author
Global Finance News 05-11-26
Fox Corporation reported strong financial results for the three months ending December 31, 2024. Total quarterly revenues were $5.08 billion, reflecting a 20% increase ($844 million) from the previous year. This growth was driven by a 6% rise in affiliate fee revenues, with notable contributions from the Television and Cable Network Programming segments. Advertising revenues surged by 21%, largely due to increased political advertising, higher MLB postseason ratings, NFL pricing, digital growth via the Tubi AVOD service, and stronger news ratings. Other revenues rose 70%, primarily from higher sports sublicensing revenues.

Net income for the quarter reached $388 million, up from $115 million in the previous year. Net income attributable to stockholders was $373 million ($0.81 per share), compared to $109 million ($0.23 per share) a year ago. Adjusted net income attributable to Fox stockholders was $442 million ($0.96 per share), up from $165 million ($0.34 per share) in the prior quarter.

Adjusted EBITDA also saw impressive growth, increasing by 123% to $781 million, driven by the revenue increase, though higher sports programming rights amortization, production costs, and digital costs contributed to higher expenses.
💬
Author
Global Finance News 02-05-25