Fox Corporation combines a perfect four-quarter earnings beat streak (average surprise 40%) with a Piotroski F-Score of 9/9 and a forward P/E of 11.4x, but weak cash conversion, 28% short interest and only 7.6% analyst upside temper the case.
Thesis pillars
- Large Earnings Beat Streak→Stable
- Reasonable Forward Valuation→Stable
- Weak Cash Conversion→Stable
- +2 more pillars — see the Why tab for full reasoning
Pillars as of Oct 24, 2026, based on the 10-K filed Aug 6, 2026
Fox Corporation (FOXA) Stock Analysis
Range Bound setup
Communication Services · Entertainment
Hold if already holding. Not a fresh buy at $63.39, but acceptable to hold if already in. Reasons: Sector modifier (Communication Services): -0.8; Earnings in 4 days (event risk).
Fox Corporation is a news, sports and entertainment company with two reportable segments: Cable Network Programming (FOX News, FOX Business, FOX Sports cable) and Television (FOX broadcast network, Tubi, and 29 owned full-power stations). Revenue comes from affiliate fees and... Read more
Hold if already holding. Not a fresh buy at $63.39, but acceptable to hold if already in. Reasons: Sector modifier (Communication Services): -0.8; Earnings in 4 days (event risk). Chart setup: RSI 49 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Score 6.5/10, moderate confidence.
Passes 7/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on earnings proximity 4d<=7d. 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.
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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 October 18, 2026.
Recent developments
updated 2026-10-29Recent Developments — Fox Corporation
Latest news
- NEWS How Options Volatility and Analyst Upgrades At Fox (FOXA) Have Changed Its Investment Story - Yahoo Finance — Yahoo Finance positive
- NEWS How Options Volatility and Analyst Upgrades At Fox (FOXA) Have Changed Its Investment Story - finance.yahoo.com — finance.yahoo.com positive
- NEWS Fox Corporation (FOXA) Q2 2026 Earnings: Strong EPS Beat Drives Positive Stock Reaction - Guidance Revision Trend - dars — dars.gov.et positive
- NEWS Fox (FOXA) Could Be 7% Undervalued As Valuation Views Split - simplywall.st — simplywall.st positive
- NEWS FOX's (FOXA) Buy Rating Reiterated at Guggenheim - MarketBeat — MarketBeat positive
Generated 2026-10-29T11:14:32Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerlimited number of distributors10-K Item 1A: 'the Company derives a significant portion of its revenues from a limited number of distributors'
- MEDIUMProductadvertising sales revenue10-K Item 1A: 'The Company derives substantial revenues from the sale of advertising'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
10 dimensions · all in-band
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $63.39, but acceptable to hold if already in. Reasons: Sector modifier (Communication Services): -0.8; Earnings in 4 days (event risk). Chart setup: RSI 49 mid-range, Bollinger mid-band. Maintain position. Not compelling to add more. Analyst target $71.67 (+13.1%), stop $59.71 (−6.2%), A.R:R 2.2:1. Score 6.5/10, moderate confidence.
Analyst target: $71.67 (+13.1% upside). Analyst target $71.67 (+13.1%), stop $59.71 (−6.2%), A.R:R 2.2:1. Stop-loss: $59.71.
Sector modifier (Communication Services): -0.8; Earnings in 4 days (event risk).
Fox Corporation trades at a P/E of 16.5 (forward 10.8). TrendMatrix value score: 7.8/10. Verdict: Hold.
28 analysts cover FOXA with a consensus score of 3.8/5. Average price target: $80.
What does Fox Corporation do?Fox Corporation is a news, sports and entertainment company with two reportable segments: Cable Network Programming...
Fox Corporation is a news, sports and entertainment company with two reportable segments: Cable Network Programming (FOX News, FOX Business, FOX Sports cable) and Television (FOX broadcast network, Tubi, and 29 owned full-power stations). Revenue comes from affiliate fees and advertising, primarily in the U.S. On June 14, 2026 it agreed to acquire Roku for cash and FOX Class A stock.