Fox Corporation

NasdaqGS:FOX 주식 리포트

시가총액: US$26.6b

Fox 과거 순이익 실적

과거 기준 점검 2/6

Fox은 연평균 5%의 비율로 수입이 증가해 온 반면, Media 산업은 수입이 7.3% 증가했습니다. 매출은 연평균 4.7%의 비율로 증가했습니다. Fox의 자기자본이익률은 15.7%이고 순이익률은 10.6%입니다.

핵심 정보

5.04%

순이익 성장률

12.58%

주당순이익(EPS) 성장률

Media 산업 성장률13.17%
매출 성장률4.72%
자기자본이익률15.68%
순이익률10.56%
최근 순이익 업데이트31 Mar 2026

최근 과거 실적 업데이트

Recent updates

Seeking Alpha Apr 29

Fox Corporation: The Market Is Still Missing The Real Value

Summary Fox Corporation is undervalued, with a sum-of-the-parts analysis revealing significant upside versus its current market price. The base case for FOX already works: strong Cable earnings and an underappreciated Tubi support a value above the current share price. FOX’s upside comes from better recognition of Cable and Tubi, with buybacks helping but not driving the core thesis. The stock looks cheap because the market still values FOX as one mixed media company instead of valuing its stronger parts more fairly. Read the full article on Seeking Alpha
Seeking Alpha Apr 22

Fox: Not Buying Now But Don't Change The Channel Just Yet, As Audience Grows

Summary Fox Corp. stock gets a hold/neutral rating for my first coverage of this stock, agreeing with today's rating by the Seeking Alpha quant system. Favorable factors are proven audience growth along with US broadcast rights for the 2026 World Cup, low leverage risk, and strong profit margins among peers. For dividend investors, this stock's yield is under 2%. However, a relatively safe dividend payout ratio of 12% is something to consider too. A continued risk of recession according to recent forecasts may cause headwinds for the media sector that depends heavily on ad spending. Read the full article on Seeking Alpha
Seeking Alpha Feb 05

Fox: Strong Q2 Earnings Provides Some Optimism

Summary Fox Corporation is a major media player, focusing on live news and sports, and I rate them a cautious Buy rating and $57 price target. Q2 FY2025 results showed strong financial performance, with revenue up 20% and net income nearly tripling, driven by advertising and sports. Key risks include cord-cutting, Tubi's profitability, and fewer macro catalysts (Election, Olympics, Super Bowl) in 2025, likely impacting FOXA's growth and profitability. Despite a stellar 2024, limited upside is expected in 2025; FOXA remains a cautious buy, particularly on dips, due to strong execution and digital pivot. Read the full article on Seeking Alpha
Seeking Alpha Nov 21

Fox: Underestimating The Post-Election Upswing

Summary I have been positive on Fox for years, but underestimated the recent upswing, leading to a "Hold" rating despite strong 1Q25 results. Fox's revenue mix, focus on sports and news, and lack of heavy programming costs have insulated it from industry declines. Despite impressive growth and resilience, Fox's reliance on legacy TV and political cycles poses risks, with limited upside at current valuations. I maintain a "Hold" rating at $47/share, seeing Fox as a rotation target with a fair value around $40/share. Read the full article on Seeking Alpha
Seeking Alpha May 31

Fox Corporation: Changes In Media Could Force Significant Losses

Summary The launch of Venu Sports was likely influenced by the recent clash between Charter Communications and Disney, highlighting the need for a backup distribution system in case of contract disputes. The cost of partners to help defray the cost of the service was the exclusion of non-sports channels; secondary for Disney and Warner, but a very serious problem for Fox. Fox News and the NFL contract each represent the entirety of Fox's profit, Fox needs both to go right to make any money. They're increasingly at odds with one another. It may become impossible going forward to protect both, since distribution for the NFL requires sacrificing News and vice versa. The end result of the various legal disputes pertaining to Venu may not be an injunction, but matching flexibility for most linear operators, turning a limited News exclusion into a flood. Read the full article on Seeking Alpha
Seeking Alpha Feb 27

Fox Corporation: Value Hiding In Plain Site In The Turbulent Media Sector

Summary Rupert Murdoch's son, Lachlan, has learned from his father's success and is poised to lead Fox into the future. Fox's participation in a potential sports streaming service and its ad revenue from the upcoming presidential elections could boost its earnings. The value of Fox's option to buy 18.8% of FanDuel should be considered when evaluating the company's shares. Read the full article on Seeking Alpha
Seeking Alpha Oct 12

Fox, Innovid enter cross-platform partnership

Fox (NASDAQ:FOX) (NASDAQ:FOXA) has forged a multi-year partnership with online ad-tech company Innovid (NYSE:CTV). The partnership will see Fox tap Innovid to measure cross-platform viewing consumption across its portfolio of news, sports, entertainment, and streaming properties. Fox will use the InnovidXP cross-platform TV measurement solution. The two companies have previously partnered for Fox's free ad-supported streaming service, Tubi. InnovidXP generates cross-platform, deduplicated measurement of audiences and real-time insights for campaign efficiency and effectiveness and ad frequency optimizations.
Seeking Alpha Sep 15

Can You Actually 'Buy' Fox Corporation? Yes, You Can

Summary Communication companies are a bit of my bread and butter. They help people, as the sector name suggests, communicate. I own plenty of Telcos, logistics, and broadcasting companies. In this article, I'm taking a look at Fox Corporation. The company is a US-based broadcasting giant and a favorite of many readers and investors. One reader requested this deep dive. In this article, I will deconstruct Fox Corporation and suggest to you why you might want to take a second look at the company - regardless of your political affiliation.
Seeking Alpha Aug 09

Fox Q4 2022 Earnings Preview

Fox (NASDAQ:FOX) is scheduled to announce Q4 earnings results on Wednesday, August 10th, before market open. The consensus EPS Estimate is $0.74 (+13.8% Y/Y) and the consensus Revenue Estimate is $3.05B (+5.5% Y/Y). Over the last 1 year, FOX has beaten EPS estimates 100% of the time and has beaten revenue estimates 100% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 1 downward. Revenue estimates have seen 10 upward revisions and 6 downward.
Seeking Alpha Jul 29

Paramount Vs. Fox Stock: Which Is The Better Buy?

Fox and Paramount have each transformed themselves into fundamentally different companies, taking completely opposite paths. Both companies have relatively low P/Es, but at 18, Fox's is almost normal. Paramount is at 9.5 on a forward basis and a ridiculous 4 on a trailing basis. Fox is doubling down on pay-TV. Fox's strategy allows it to continue to tap monopoly pay-TV profits, but does at the risk of leaving it severely exposed to pay-TV's collapse. Paramount is doubling down on streaming, and has managed the unique feat of creating a sports portfolio that can profit standalone. It is well diversified and protected from external threats. Fox's profit may be mostly or even entirely stemming from Fox News. This single profit source, combined with the risk of its sports deals in a non-pay-TV setting, make Paramount the better buy. It's amazing what a difference just a few short years makes. For decades, Fox Corporation (FOX) and its predecessors were so akin to Paramount Global (PARA) or more accurately its two predecessors, CBS Corporation and Viacom that to compare them was almost to embody that old saw about six and a half dozen. But since 2018, Fox has sold out of scripted content and Paramount Global has dived headlong into paid streaming. Today, these are two very different companies, even though the market continues to bid them to similar market caps and Enterprise Values. So which one should investors take? Fox and Paramount Key Metrics I want to focus on the operational prospects, so I will just briefly recap here. Fox is currently trading at a trailing P/E of almost 18, with just shy of $22 billion in Enterprise Value. Paramount, meanwhile, trades at a ludicrous trailing P/E of just over 4, although its forward P/E is a slightly less ridiculous 9.5. It's Enterprise Value is at just under $30 billion. Paramount's dividend yield is currently close to 4%, while Fox's is a more pedestrian but respectable 1.5%. General Company Operational Strategies As I said, Fox and Paramount have diverged dramatically. The merger between Fox and Disney left behind a much smaller, leaner Fox Corporation consisting almost entirely of news & sports. Paramount Global, meanwhile, has not only merged with the first broadcast studio to launch a streaming service with a live broadcast signal; it went on to buy a 49% in the Miramax studio and its scripted library while selling non-scripted assets like Simon & Schuster publishing and the CNET Media Group, as well as, reportedly, part of its stake in the CW Network. This is a reflection of their broader strategic postures; Fox is all in on pay-TV and Paramount is rapidly starting to look all out on it, or at least utterly indifferent to its fate. In streaming their postures are almost exactly reversed. Operational Profiles Paramount and Fox take different approaches to each of the key segments of modern televised entertainment: News, Sports, free streaming, paid streaming, and content production Free Streaming So-called FAST (Free Ad-Supported TV) streaming is the one space that Fox and Paramount both seek to continue to occupy. In fact, their respective FAST operations, Tubi and Pluto TV, are probably the first and second place champions in the space - though there's a real argument to be made that Amazon's Freevee sits among them as well. Paramount's Pluto TV is undoubtedly the largest FAST service, just cracking $1 billion in revenue and turning profitable at the end of last year. Fox's Tubi is reported as part of the broadcast operation and doesn't report separately, but it has been showing strong growth as well. Tubi had 25 million active users around the time the deal closed, 33 million at the end of 2020, and had just crossed 50 million at the end of March 2022. Tubi negotiated a deal to penetrate the hotel entertainment sector - where people are sometimes separated from their usual entertainment options - and in its most recent earnings call Fox management reported that time streaming grew by 50% in Y/Y. However, for investors excited by these milestones, this may be somewhat of a red herring. These operations, while significant, are probably not enough to fundamentally move the needle at either company. As I've argued before, traditional media companies almost always lack the detailed customer profiles necessary to target advertisements as precisely as Google or Amazon, who can use search and purchase history to great effect. This means that they often need to run higher ad loads to produce the same revenues, which is a problem because when they're all free FAST services increasingly compete with each other by promising lower ad loads than their competitor. Fox and Paramount certainly do derive a benefit from the fact that these services are showcasing their respective content libraries - though that's more relevant for Paramount than it is for Fox post-Disney merger - but that is more properly a benefit assigned to content production, which we're coming to presently. They could derive those same profits by selling to another FAST service. To profit from operating a FAST as such, you need to be great at advertising targeting, and its unlikely they will ever be better at it than the tech giants. I often get told my media company analysis is incomplete because I don't talk about FAST more, but I give this sector little weight in my deliberations. Paid Streaming Despite their overlap in free streaming, the two companies have adopted very different approaches to the paid streaming market, in the sense that Paramount has one and Fox doesn't. Well, Fox does have Fox Nation, a small $5.99 per month streaming service that doesn't report subscriber figures and offers mostly documentaries without scripted content or any of Fox's sports properties. Those things all remain exclusive to the pay-TV side. Paramount, however, made revamping the old CBS Access and relaunching it as Paramount+ its first order of business after the merger, and has infused the service with not only its own shows, but also licensed content from other studios. Paramount+ elbowed Hulu and Amazon out of the way to sign an exclusive sub licensing deal with the Epix premium channel and hasn't been shy about sending some potential major blockbuster movies straight to Paramount+, though management insists it remains committed to the highly asymmetrical theater system. And of course, the service will become the exclusive home of all Paramount's movie releases as soon as the old contracts expire in 2024. The strategy seems to be working. Paramount+ now generates close to half of streaming advertising revenue, equal to Pluto TV, suggesting that it is becoming a real advertising power in the streaming space where ad spending is projected to grow strongly. Subscriber count grew a whopping 6.8 million in the first quarter while Netflix (NFLX) declined. And this is before international really gets going; the service only launched in the UK and Ireland June 22 and is about to be bundled with joint venture Viacom18 in India, where it just won the highly coveted national cricket rights. News This is the one area where Fox outmuscles Paramount clearly. Paramount does run various local news outlets through its owned-and-operated affiliate stations and a relatively new streaming news network. Fox, however, is the king of cable news. Fox News once again led in total and primetime viewers among all cable networks. It is the highest-grossing cable news network and sometimes draws more viewers than MSNBC and CNN combined. Fox News is so important that Fox management has even made an exception for it to its usual "pay-TV exclusive" rule. A partial one, anyway. The Fox News evening lineup shows - what some call the "opinion lineup" - are now available on Fox Nation the day after they air. The "hard news" daytime shows and live access to the channel remains pay-TV only, for now. But Fox seems to be taking at least some precaution against a sudden collapse of this revenue stream by having everything ready to move to streaming if that becomes necessary. Paramount Global does not break out their operating revenues for news separately, but given their small scale they are highly unlikely to be material. Content production I define this category as producing owned entertainment content, not news content or just broadcasting someone else's games. Fox Fox is more or less out of this category, as getting out of it was the whole point of the Disney deal. Fox did purchase TMZ from WarnerMedia shortly before AT&T sold it to Discovery, so it's dipping its toes back into it, though some would categorize TMZ as news also. Some wouldn't. Fox also purchased MarVista Entertainment, to produce Tubi Originals movies on low budgets that can recoup their costs quickly, a la Hallmark or A&E. Big budget productions are strictly prohibited. Paramount Paramount is one of the most prolific creators of scripted content in the industry. Indeed, once you strip out sports contracts, its $15 billion in annual content spending can go toe-to-toe with most of the major players. Paramount has increasingly eschewed licensing to focus its content production on its own in-house streaming service. This means that its report that it is profitable in its studios becomes a little harder to measure because deriving imputed revenues changes when the subject is basically selling to itself. Sports This is probably the hardest one to pin down, and also where the two companies have adopted such wildly divergent strategies. Unlike in News or scripted, where one company got in and one got out, or free streaming where both are pursuing very similar strategies, sports is the one field where both companies seem to be more or less all in … and couldn't agree less with each other on how to go about it. Paramount Paramount's sports strategy has already been covered by me in (exhaustive) detail in multiple articles, so let me refer you to those and just briefly summarize here: Paramount is all in on streaming sports. Almost all of its major sporting contracts are either fully incorporated into Paramount+ or being phased out to other distributors over the next few years. But unlike too many US media companies, the deals are very reasonable. In fact, they are exceptionally profitable, even on an a la carte basis like streaming will probably create; and they are just about the only ones that are. Fox Fox's sports strategy is more interesting, potentially more lucrative … and considerably more risky. Fox has evinced a willingness to sign sports contracts that can only be profitable inside the traditional bundle. It's $2.3 billion NFL deal is the best example of this, but probably not the only one. Fox is essentially making the inverse bet of Paramount; that as other companies bolt from the bundle and put their sports content on streaming, pay-TV operators will become all the more desperate to retain someone else's sports, and hike their payments to Fox ever higher. This bet is not wrong, exactly; as early as 2017, consumer surveys showed 14% of them only kept cable for live sports, and it was a substantial factor for many more. That has probably only gone up since then as more and more non-sports fans have cut the cord. Fox does indeed have tremendous leverage as long as it sticks to pay-TV, and with the company reporting last quarter 2/3 of its distribution is up for renewal in the next two years, it has a tremendous opportunity to translate leverage into profit. But it does come with a corollary risk. Like its non-evening news lineup, Fox absolutely refuses to stream its sports. That would compromise its strategy. But without streaming, unlike Fox Nation and evening news, it has no ready backup plan if the departure of all the other sports collapses the bundle despite Fox's best efforts. Fox owes $2.3 billion a year on the NFL alone; that is more than its entire profit last year. Major League Baseball, one of Fox Sports 1's major properties, charges Fox $730 million per year. Fox Sports 1 has multiple other expensive sports deals, as well. Summary If Fox revenues do dive down with pay-TV subscriber levels - and Comcast (CMCSA) just announced that the largest US cable company is losing video customers at almost 10% per annum - there may not be time for the company to get a sports streaming service up and running before losses mount catastrophically. Unlike Tubi, such a service has to be capable of broadcasting live to 20 million at once, instead of a couple million on-demand throughout the day. It's a whole other level of performance that you cannot just order up in a week. In exchange for avoiding that risk, however, Paramount is essentially abandoning the bundle before it collapses, foregoing its share of the pay-TV monopoly's profits. Diversification or Specialization? Altogether, Paramount has a broad-based operation, producing scripted content and sports across a range of paid, free and traditional outlets, while Fox has narrowed in like a laser on news and sports through traditional channels. Both of these approaches typically have merit, but there is one final point to be made: in terms of profits, not revenue, Fox takes "concentration" to a whole new level. Fox Revenue Breakdown Consistently, since the Disney deal, Fox has reported that its broadcast division, where Tubi also lives and which accounts for well over half of revenue, has accounted for less than 5% of operating income. In part this is because the summer quarter is when the broadcast division has its lowest costs, owing to the idiosyncrasies of sequencing retransmission fees in the broadcast sector, so this should balance out a little; but not much. When the fiscal year ends June 30, past patterns indicate broadcast probably won't get over 10%. This with almost 60% of the revenue.
Seeking Alpha Jul 21

Fox Nation expands distribution to fuboTV

Fox Nation, the streaming service from Fox News (NASDAQ:FOX) (NASDAQ:FOXA), has expanded distribution to fuboTV (NYSE:FUBO). FuboTV subscribers have the option to add Fox Nation to their account for $5.99 per month. That gets them access to nearly 5,000 hours of original content so far, including next-day access to Fox News prime-time programs as well as original news and opinion programming. The subscribers can access Fox Nation through the fuboTV app on connected TV, mobile and tablet devices, as well as on the Web. “We’re delighted to partner with fuboTV to offer Fox Nation as part of their growing content offering and bring our loyal audience more ways to access the wide variety of signature content that they crave," says Fox Nation president Jason Klarman.
Seeking Alpha Mar 21

Fox Corporation: Fundamentally Appealing

Fox Corporation has experienced attractive growth and robust cash flows in recent years. Though controversial for its news programming, the company is a diverse player that warrants attention. Fundamentally, shares do look cheap enough for investors to take a close look at.
Seeking Alpha Feb 28

Fox Corporation: Diversifying Company Interests Leads To Star Potential

2021 saw Fox Corporation post strong financials, setting a company high in revenue while at the same time increasing their profits. Investment in sports betting has reignited Fox’s future earnings potential, signaling that they are prepared to diversify their interests to streamline revenue. Recently, Fox has had some issues regarding its customer base, as a sharp decline in news media viewership negatively impacted the company. The changing media climate favoring streaming has hurt Fox’s platforms, but they have mitigated this by maintaining a healthy cash flow while minimizing payouts.

매출 및 비용 세부 내역

Fox가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.


순이익 및 매출 추이

NasdaqGS:FOX 매출, 비용 및 순이익 (USD Millions)
날짜매출순이익일반관리비연구개발비
31 Mar 2616,2011,7112,3300
31 Dec 2516,5781,8912,3350
30 Sep 2516,4742,0352,2650
30 Jun 2516,3002,2632,1780
31 Mar 2516,1051,8652,1430
31 Dec 2415,1812,1852,1020
30 Sep 2414,3371,9212,0720
30 Jun 2413,9801,5012,0500
31 Mar 2413,9201,5572,0410
31 Dec 2314,5578372,0590
30 Sep 2314,9281,0412,1140
30 Jun 2314,9131,2392,0820
31 Mar 2314,9141,1702,0950
31 Dec 2214,2851,5072,0520
30 Sep 2214,1211,1091,9700
30 Jun 2213,9741,2051,9370
31 Mar 2213,8311,1521,9370
31 Dec 2113,5911,4361,8890
30 Sep 2113,2371,7451,8630
30 Jun 2112,9092,1501,8360
31 Mar 2112,4372,0191,7610
31 Dec 2012,6621,5301,7880
30 Sep 2012,3531,6061,7770
30 Jun 2012,3039991,7580
31 Mar 2012,3981,3311,7020
31 Dec 1911,7101,7821,5740
30 Sep 1911,5151,4901,4720
30 Jun 1911,3891,5951,4190
31 Mar 1911,2701,6121,2790
31 Dec 1810,9811,5401,2680
30 Sep 1810,5062,4011,2980
30 Jun 1810,1532,1871,2620
30 Jun 179,9211,3721,1170
30 Jun 168,8941,0721,2570

양질의 수익: FOX는 고품질 수익을 보유하고 있습니다.

이익 마진 증가: FOX의 현재 순 이익률 (10.6%)은 지난해 (11.6%)보다 낮습니다.


잉여현금흐름 대비 순이익 분석


과거 순이익 성장 분석

수익추이: FOX의 수익은 지난 5년 동안 연평균 5% 증가했습니다.

성장 가속화: FOX은 지난 1년 동안 수익이 감소하여 5년 평균과 비교할 수 없습니다.

수익 대 산업: FOX은 지난 1년 동안 수익이 감소(-8.3%)하여 Media 업계 평균(1.1%)과 비교하기 어렵습니다.


자기자본이익률

높은 ROE: FOX의 자본 수익률(15.7%)은 낮음으로 평가됩니다.


총자산이익률


투하자본수익률


우수한 과거 실적 기업을 찾아보세요

기업 분석 및 재무 데이터 상태

데이터최종 업데이트 (UTC 시간)
기업 분석2026/06/07 09:42
종가2026/06/05 00:00
수익2026/03/31
연간 수익2025/06/30

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분석가 소스

Fox Corporation는 32명의 분석가가 다루고 있습니다. 이 중 16명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.

분석가기관
Andrew Charles BealeArete Research Services LLP
Pierre-Marie D'OrnanoArete Research Services LLP
Joseph BonnerArgus Research Company