Four consecutive earnings beats averaging 33% upside surprise, an attractive forward P/E of 8.8x, and 21.5% upside to the price target make a credible value-with-catalyst case, but negative price momentum following an extreme gap down and declining revenue at -9% year-over-year indicate the market is re-rating the business—patience is required before the setup resolves.
Thesis pillars
- Perfect Four Quarter Beat Streak↑Improving
- Attractive Valuation Versus Peers→Stable
- Declining Revenue Headwind→Stable
- +1 more pillar — see the Why tab for full reasoning
Fox Corporation (FOX) Stock Analysis
Communication Services · Entertainment
Hold if already holding. Not a fresh buy at $58.45, but acceptable to hold if already in. Reason: Sector modifier (Communication Services): -0.8.
Fox Corporation is a news, sports, and entertainment company operating through two reportable segments: Cable Network Programming (FOX News Media, FS1, FS2, Big Ten Network, FOX Deportes) and Television (the FOX broadcast network, Tubi AVOD service, and 29 owned-and-operated... Read more
Hold if already holding. Not a fresh buy at $58.45, but acceptable to hold if already in. Reason: Sector modifier (Communication Services): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Score 6.4/10, moderate confidence.
Passes 7/9 gates (positive momentum, clean insider activity, no SEC red flags, news events none recent, earnings proximity 46d clear, semi cycle peak clear, materials cycle peak clear). Suitability: moderate.
About Fox Corporation
About Fox Corporation
Fox Corporation's Television segment operates 29 owned-and-operated broadcast stations across 18 Nielsen-designated market areas, including 14 of the 15 largest, while its Tubi AVOD service streamed approximately 11 billion hours of content in fiscal 2025 across a library of nearly 300,000 movies and television episodes. The company holds marquee sports rights — including the NFL, MLB's World Series, NASCAR, and the FIFA Men's World Cup — under long-term contracts, and it derives a significant portion of its revenue from affiliate fees and advertising sales tied to a limited number of MVPD distributors.
Fox earns revenue primarily through affiliate fees paid by traditional and virtual MVPDs for carriage of its cable and broadcast networks, supplemented by national and local advertising sales tied to live news and sports programming, plus Tubi's advertising-supported streaming revenue. The company derives a significant portion of its revenue from a limited number of distributors, so renewing affiliation and carriage agreements on favorable terms is central to both affiliate-fee and advertising economics; a failed renewal can take networks dark on an MVPD's system entirely. FOX Sports has locked in a significant portion of its marquee sports rights, including the NFL, college football's Big Ten Conference, MLB's regular season and exclusive World Series rights, NASCAR, and the FIFA Men's World Cup, under long-term contracts, while FOX Entertainment Studios increasingly produces its own primetime content — including for competing streamers such as Netflix, Amazon Prime Video, Hulu, and Apple TV+ — to reduce reliance on third-party suppliers.
Show full overview
FOX's own subscriber count discloses the cord-cutting trend in numbers: FOX News fell from 67 million to 61 million U.S. households, FS1 from 67 million to 61 million, and the Big Ten Network from 45 million to 42 million between fiscal 2024 and fiscal 2025. Because most FOX affiliation agreements pay based on the number of MVPD subscribers covered, this multi-network subscriber decline pressures affiliate-fee revenue directly and shrinks the potential audience available to advertisers — a structural headwind the company says it expects to continue and possibly accelerate, independent of how well any single distributor negotiation goes.
See also: Communication Services · Entertainment
From Fox Corporation's most recent 10-K filing, extracted September 6, 2026.
Recent developments
updated 2026-09-13Recent Developments — Fox Corporation
Latest news
- NEWS Are Investors Undervaluing Fox (FOX) Right Now? - Yahoo Finance — Yahoo Finance neutral
- NEWS Are Investors Undervaluing Fox (FOX) Right Now? - finance.yahoo.com — finance.yahoo.com positive
- NEWS Fox Corporation $FOXA Stock Position Raised by Livforsakringsbolaget Skandia Omsesidigt - MarketBeat — MarketBeat positive
- NEWS Fox Corp. Cl A stock outperforms competitors on strong trading day - MarketWatch — MarketWatch positive
- NEWS Fox Corp. Cl A stock outperforms competitors on strong trading day - marketwatch.com — marketwatch.com positive
Generated 2026-09-14T05:21:57Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerMVPD distributors10-K Item 1A: 'the Company derives a significant portion of its revenues from a limited number of distributors'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 ceiling hit
Price Targets
Position Sizing
Analyst Consensus
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $58.45, but acceptable to hold if already in. Reason: Sector modifier (Communication Services): -0.8. Chart setup: No clear chart pattern; technical signals are mixed. Maintain position. Not compelling to add more. Target $61.37 (+5.0%), stop $55.15 (−6.0%), A.R:R 0.0:1. Score 6.4/10, moderate confidence.
Take-profit target: $61.37 (+5.0% upside). Target $61.37 (+5.0%), stop $55.15 (−6.0%), A.R:R 0.0:1. Stop-loss: $55.15.
Sector modifier (Communication Services): -0.8.
Fox Corporation trades at a P/E of 15.2 (forward 10.2). TrendMatrix value score: 8.9/10. Verdict: Hold.
27 analysts cover FOX with a consensus score of 3.7/5.
What does Fox Corporation do?Fox Corporation is a news, sports, and entertainment company operating through two reportable segments: Cable Network...
Fox Corporation is a news, sports, and entertainment company operating through two reportable segments: Cable Network Programming (FOX News Media, FS1, FS2, Big Ten Network, FOX Deportes) and Television (the FOX broadcast network, Tubi AVOD service, and 29 owned-and-operated stations across 18 Nielsen DMAs). The company derives a significant portion of its revenue from a limited number of MVPD distributors under affiliate and carriage agreements, alongside advertising sales tied to live sports and news programming. Fox ended fiscal 2025 with approximately $5.4 billion in cash and returned abou