Stock of the Day

July 2, 2021

FOX (FOX)

$60.22
-$1.10 (-1.8%)
Market Cap: $25.73B

About FOX

Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and operates power broadcast television stations including duopolies and other digital platform; and produces content for third parties. The Credible segment engages in the consumer finance marketplace. The FOX Studio Lot segment provides television and film production services along with office space, studio operation services and includes all operations of the facility. The company was incorporated in 2018 and is headquartered in New York, New York.

Today's Trend

Fox Corporation (NASDAQ: FOX) shares increased as investors responded to a strong fiscal fourth-quarter report, with results substantially exceeding analyst expectations and advertising benefiting from the FIFA Men’s World Cup.

  • Fox reported fourth-quarter revenue of $4.21 billion, up 28% year over year, while adjusted EBITDA rose 27% to $1.20 billion. Earnings were $1.79 per share, above the $1.44 consensus estimate, and revenue also exceeded expectations of $3.64 billion. Fox earnings report
  • Advertising revenue jumped 78%, driven by World Cup broadcasts and continued digital growth at Tubi. Television revenue rose 45%, with segment EBITDA more than doubling, highlighting strong event-driven monetization. Fox advertising and Tubi growth
  • Fiscal-year revenue reached $17.13 billion, while management cited Tubi’s digital momentum and the launch of FOX One as additional growth drivers. The company also retained $3.4 billion of share-repurchase authorization as of June 30. Fox fiscal 2026 results
  • Fox declared a semiannual dividend of $0.29 per share, payable September 23 to shareholders of record September 2. Based on the supplied share price, this implies an annualized yield of roughly 1%, rather than the reported 105%. Fox dividend announcement
  • CEO Lachlan Murdoch said Fox does not plan to renegotiate its NFL media-rights agreement before the league’s current deal expires or reaches its opt-out period around 2030. This limits near-term cost uncertainty but leaves longer-term rights economics unresolved. Fox NFL media rights
  • Roku’s quarterly results were released while Fox’s reported $22 billion Roku acquisition remains pending, leaving investors to assess the potential strategic benefits and execution risks of the transaction. Roku second-quarter results
  • Full-year net income declined to $1.73 billion from $2.29 billion, despite higher revenue. Recent insider activity also shows substantially more selling than buying, which could weigh modestly on sentiment.
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