GET DAILY SIGNALSFox Corporation (FOX) Delivers Record Q1 Revenue with +22.3% Growth
Key Takeaways
- Fox Corporation (FOX) reported record first quarter fiscal 2027 revenue of $4.57 billion, up 22.3% year over year (YoY) from $3.74 billion.
- Adjusted earnings per share (EPS) rose 68% to $2.54, topping the consensus estimate of roughly $2.02 to $2.13.
- Adjusted EBITDA climbed 54% to a record $1.64 billion.
- Advertising revenue surged 47% to $2.08 billion, powered by the FIFA Men's World Cup, election spending, and continued growth at Tubi.
- Net income attributable to stockholders reached $943 million, or $2.20 per diluted share, versus $599 million, or $1.32, a year earlier.
- Free cash flow was positive $503 million for the quarter, supported by favorable World Cup working-capital timing.
- For additional context on Fox Corporation, visit its Major News, Today's Price Move, Price Targets, and Forecast pages.
- Explore Trending AI Robots for AI-driven trading signals and market insights.
Why This Quarter Stands Out
Fox Corporation's fiscal first quarter always carries weight because it lines up with the opening of the NFL and college football seasons plus heavy political advertising. For fiscal 2027 the picture was even sharper thanks to the company's broadcast of the FIFA Men's World Cup, which brought an unusual concentration of high-value programming into one period. The results highlight how the company balances its traditional linear networks with the expanding Tubi platform. I have been watching how management handles rising sports-rights costs while still expanding margins, and whether cable-network subscriber trends can keep stabilizing.
The Quarter's Reported Numbers
FOX posted record first-quarter fiscal 2027 revenue of $4.57 billion, a 22.3% increase from $3.74 billion a year earlier, along with record adjusted EBITDA of $1.64 billion, up 54%. Adjusted EPS reached $2.54, a 68% gain from $1.51 and ahead of analyst expectations. On a GAAP basis, net income attributable to Fox stockholders was $943 million, or $2.20 per diluted share, compared with $599 million, or $1.32, in the same quarter last year. Advertising revenue jumped 47% to $2.08 billion while distribution revenue rose 9% to $2.08 billion. Content and other revenue eased slightly to $406 million. Television segment revenue climbed 32% to $2.71 billion with segment EBITDA up 134% to $934 million. Cable Network Programming revenue increased 8% to $1.80 billion with EBITDA up 7% to $859 million. Tubi continued its mid-30% revenue growth, and free cash flow came in at a positive $503 million. I also checked this using Tickeron’s AI Screener to see how the stock compares to others in the industry.
How the Market Responded
FOX shares moved higher after the release, with Class A shares rising roughly 2% to 5% in early trading. The reaction reflected the strength of the World Cup-driven advertising boost and the durability of political ad demand across local stations, national networks, and Tubi. Sentiment also drew support from management comments on Tubi's momentum and the early traction of the Fox One direct-to-consumer service, where nearly all new subscribers are incremental to the traditional pay-TV base. Some attention remained on elevated sports programming and production costs tied to the World Cup, which limited margin expansion in the Cable segment.
What Investors Should Watch Next
Looking ahead, several items stand out. The pending acquisition of Roku has cleared shareholder and foreign regulatory hurdles and now awaits U.S. antitrust clearance. Management expects to resume share repurchases in the current quarter after a brief pause, backed by roughly $4.5 billion in cash and $6.6 billion in debt. Tubi remains a key growth driver, with executives targeting roughly 20% margins over time. The Fox One service has also performed well, with the large majority of its new subscribers coming from outside traditional cable. At the same time, the political advertising cycle that generated more than $350 million this quarter is inherently lumpy and will not repeat at the same level every period. Sports programming rights costs, including future World Cup commitments, continue to require careful management. Management has also noted some viewer fatigue at Fox News after strong prior-year news cycles. Balancing these costs against growth initiatives will shape results over the coming quarters. From what I see, the combination of advertising strength and streaming progress remains worth monitoring closely.
AI Tools in My Research Process
When I want to compare FOX with peers or spot similar patterns across the media sector, I often turn to Tickeron’s AI Screener. It lets me filter by fundamentals, technical signals, and performance metrics in one place, which helps surface ideas more quickly than manual checks. I find it especially useful for keeping an eye on how streaming growth and advertising trends play out across the industry.
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Contributor
Sergey Savastiouk, Ph.D. has a degree in Applied Mathematics from Moscow University and has extensive experience as an entrepreneur, investor, manager, and mathematician. His professional expertise is in applied mathematics, mathematical modeling, system and pattern analysis, and software and hardware system integration. He has served as the CEO of several hi-tech start-up companies and nonprofit organizations, which has given him proven capabilities in business strategy for high-tech start-up companies, market assessment, company formation, team building, product development, marketing, and sales. He has published numerous articles in journals and magazines on related fields. As a retail investor, he spent 15 years developing his proprietary trading and quantitative algorithms (now Tickeron’s A.I.), which brought him significant returns in trading the stock market. His current work and goal in founding Tickeron is to bring professional, sophisticated stock market analysis capabilities to retail investors via an easy-to-use interface.
FOX's Stochastic Oscillator sits in oversold zone for 1 day
Be on the lookout for a price bounce soon.
Technical Analysis (Indicators)
Bullish Trend Analysis
The 10-day moving average for FOX crossed bullishly above the 50-day moving average on October 28, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 9 of 14 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 64%.
Following a +4.42% 3-day Advance, the price is estimated to grow further. Considering data from situations where FOX advanced for three days, in 234 of 332 cases, the price rose further within the following month. The odds of a continued upward trend are 70%.
The Aroon Indicator entered an Uptrend today. In 208 of 306 cases where FOX Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 68%.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on October 30, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on FOX as a result. In 42 of 91 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 46%.
The Moving Average Convergence Divergence Histogram (MACD) for FOX turned negative on October 29, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 50 similar instances when the indicator turned negative. In 27 of the 50 cases the stock turned lower in the days that followed. This puts the odds of success at 54%.
FOX moved below its 50-day moving average on October 26, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where FOX declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 49%.
FOX broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Seasonality Score of 25 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 32 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 48 (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.029) is normal, around the industry mean (12.947). P/E Ratio (14.312) is within average values for comparable stocks, (38.762). Projected Growth (PEG Ratio) (1.013) is also within normal values, averaging (2.376). Dividend Yield (0.021) settles around the average of (0.046) among similar stocks. P/S Ratio (1.517) is also within normal values, averaging (2.932).
The Tickeron Profit vs. Risk Rating rating for this company is 49 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 50 (best 1 - 100 worst), indicating steady price growth. FOX’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 95 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
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General Information
a provider of television production and broadcasting services
Industry MoviesEntertainment