Fox Corporation (Class B) (FOX)
NASDAQCommunication ServicesEntertainmentSnapshot 2026-07-07
$49.20-1.40%
Close 2026-07-07 · 1-day change
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Track FOX free→Warn: Management is running behind on a stated commitment.
Fox is growing revenue from $3.09B in 2024-Q4 to $5.18B in 2026-Q2. The company plans to complete the Roku acquisition and gain $400M in cost synergies by 2027. Fox has a $3.5B share buyback authorization supporting shareholder returns. Profit margins and earnings beat estimates recently.
Revenue is expected to decline about 5% next year. The recent stock selloff shows investor concern. Litigation and acquisition risks could hurt financials. Cost synergies from Roku are unproven and may take time.
The price is about 31% below our fair value near $72. Analysts expect about -5% revenue growth. Our view is more optimistic on growth and synergy delivery.
Breaks if: net income falls below $400 million in 2026-Q1
Maintain operational and financial momentum to deliver long-term value for shareholders supported by a strong balance sheet.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Stated as a priority in 6 of last 6 quarters. Management consistently emphasizes delivering long-term shareholder value supported by strong financial and operational momentum. Revenue grew from $3.09 billion in 2024-Q4 to $5.18 billion in 2026-Q2, while net income showed variability but reached $609 million in 2026-Q1. The trajectory reflects persistent focus with mixed financial results but ongoing delivery of operational momentum.
“We remain steadfast in our commitment to delivering long-term shareholder value supported by our strong balance sheet.”
“These results represent a continuation of the operating and financial momentum that we have delivered over the last several years.”
“We are delivering for audiences with continued engagement growth across the portfolio which underpins the robust advertising demand.”
“We enter fiscal 2026 with solid operational and financial momentum.”
“We are delivering for our audiences, advertisers and distribution partners.”
“We deliver for our audiences, advertisers and distribution partners and are confident in the positive outlook for FOX.”
Breaks if: revenue falls below $4.5 billion in 2026-Q2
Maintain operational and financial momentum to deliver long-term value for shareholders supported by a strong balance sheet.
Stated as a priority in 6 of last 6 quarters. Management consistently emphasizes delivering long-term shareholder value supported by strong financial and operational momentum. Revenue grew from $3.09 billion in 2024-Q4 to $5.18 billion in 2026-Q2, while net income showed variability but reached $609 million in 2026-Q1. The trajectory reflects persistent focus with mixed financial results but ongoing delivery of operational momentum.
“We remain steadfast in our commitment to delivering long-term shareholder value supported by our strong balance sheet.”
“These results represent a continuation of the operating and financial momentum that we have delivered over the last several years.”
“We are delivering for audiences with continued engagement growth across the portfolio which underpins the robust advertising demand.”
“We enter fiscal 2026 with solid operational and financial momentum.”
“We are delivering for our audiences, advertisers and distribution partners.”
“We deliver for our audiences, advertisers and distribution partners and are confident in the positive outlook for FOX.”
Breaks if: cost synergies fall below $200 million run-rate by FY27
Finalize the Roku acquisition in fiscal 2026 and achieve approximately $400 million of run-rate cost synergies with additional revenue upside by fiscal 2027.
Newly stated in 2026-Q3. Management announced the definitive agreement to acquire Roku and guided to achieving approximately $400 million of run-rate cost synergies with additional revenue upside by fiscal 2027. This is a new strategic priority with no prior quarters stating it. The financial guidance sets a clear synergy target, but no delivery yet as the transaction is pending.
“FOX and Roku issued a joint press release announcing their entry into a definitive agreement for FOX's acquisition of Roku.”
Breaks if: remaining authorization falls below $1 billion before 2026-Q3
Continue repurchasing shares under the existing authorization, with approximately $3.5 billion remaining as of 2026-Q3.
Stated as a priority in 5 of last 5 quarters. The share repurchase program has been consistently active, with cumulative repurchases reducing the remaining authorization from $5.15 billion in 2025-Q3 to $3.5 billion in 2026-Q3. Quarterly repurchase amounts vary but demonstrate ongoing execution. The trajectory shows steady delivery against the repurchase authorization.
“Remaining authorization of $3.5 billion; repurchased $50 million Class A and $50 million Class B shares this quarter.”
“Remaining authorization of $3.6 billion; repurchased $750 million Class A and $800 million Class B shares this quarter.”
“Announced $1.5 billion accelerated share repurchase transaction.”
“Remaining authorization of $3.6 billion; repurchased $750 million Class A and $800 million Class B shares this quarter.”
“Remaining authorization of $5.15 billion; repurchased $250 million Class A shares this quarter.”