Post-earnings recap
Reported
Thu, Aug 6, 2026
EPS actual
$1.79
EPS est.
$1.15
EPS surprise
+55.65%
1-day move
+6.07%
Fox Corporation's strong Q4 results, particularly in advertising revenue and Tubi's performance, led to a positive stock reaction, rising 6.07%. The company is optimistic about continued growth into FY2027, especially with the upcoming midterm elections. This suggests a robust outlook for advertising revenue, which could benefit the company in the near term.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $1.79 | N/A | +55.65% |
| Revenue (Q4) | $4.2 billion | N/A | N/A |
| Net Income | $691 million | N/A | N/A |
| Advertising Revenue Growth | 78% | N/A | N/A |
| Tubi Revenue Growth | 35% | N/A | N/A |
Management expressed confidence in the company's performance, highlighting strong advertising revenue driven by major events like the FIFA Men's World Cup. They noted Tubi's record revenue and user growth as key contributors to overall success.
The company expects continued advertising strength into FY2027.
Tubi achieved its highest revenue quarter ever with significant user growth.
—
Est. EPS
$0.67
Est. Rev
$396M
Impl. Move
±10.3%
Fox Corporation (FOX) operates in the Communication Services sector, primarily focusing on broadcasting. The company is known for its television networks and content production, which are significant in shaping media consumption trends and advertising revenue.
Last quarter
In Q3-2026, Fox reported an EPS of $1.32, exceeding estimates by 27.29%. The stock reacted positively, gaining 8.09% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+40.16%
Avg 1-day reaction
+3.34%
Investors are optimistic about Fox's upcoming earnings, given its strong track record of beating EPS estimates. However, concerns about advertising revenue and viewership trends linger.
Bull case
If Fox continues its trend of exceeding EPS estimates, it could see a significant stock price increase, driven by strong advertising revenue and viewer engagement.
Bear case
If the company fails to meet expectations for advertising revenue or viewership, it could lead to a negative market reaction, especially given the competitive landscape.
Key metrics to watch
Earnings Per Share (EPS)
Expected to be around $1.32EPS is a key indicator of the company's profitability and is closely watched by investors to gauge financial health.
Advertising Revenue
N/AAs a broadcasting company, advertising revenue is critical for Fox's financial performance and reflects market demand for its content.
The print will turn on these.
Q1
What will be the advertising revenue growth rate this quarter?
Advertising revenue is crucial for Fox's profitability and can significantly impact investor sentiment.
Q2
How are viewership ratings trending compared to last quarter?
Viewership ratings directly influence advertising revenue, making this a key metric for assessing future performance.
Why consensus could be wrong
The Street may be underestimating the impact of Fox's recent content investments, which could lead to stronger-than-expected advertising revenue.
Supporting evidence
Fox has consistently beaten EPS estimates, indicating stronger underlying performance.
Recent trends in streaming and digital content consumption may favor Fox's diversified offerings.
Options pricing suggests higher volatility, indicating that traders expect significant news.
Key risk
If advertising revenue comes in below expectations, it could undermine the bullish sentiment.
Pre-commit to what would confirm each case.
The market is weighing Fox's ability to maintain strong advertising revenue against potential declines in viewership, which could impact future earnings.
Bull confirmed if
Advertising revenue growth of 10% or more compared to the previous quarter.
Bear confirmed if
A decline in viewership ratings by more than 5% compared to last quarter.
What the market is pricing for the move.
Implied Move
±7.51%
Historical Avg
±5.2%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±7.5% while FOX has averaged ±5.2% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
31.8%
Smart-money positioning from the most recent 13F filings.
Institutional
64.92%
of float
Insider
39.87%
of float
Holders
784
institutions
Top Holders· as of Jun 2026
State Street Corporation
12,828,063 sh · $718.1M
5.82%
-12.5%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If Fox beats expectations, history suggests the stock could rise by around 3.37%, confirming the bullish outlook.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
If Fox misses expectations, the stock could drop, with historical data indicating an average decline of around 3.37%.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
1
0 buys·1 sell
Members
1
House only
Est. Notional
$1,001.00–$15,000.00
disclosed dollar ranges
Most Active Members
1 trade
The lines on the call that would change the story.
Viewership Ratings
N/AHigher viewership can lead to increased advertising revenue, making this a vital metric for assessing the company's performance.
Blackrock Inc.
12,717,346 sh · $711.9M
5.77%
1.8%
Vanguard Capital Management LLC
8,529,559 sh · $477.5M
3.87%
0.1%
State Of Wisconsin Investment Board
7,982,174 sh · $446.8M
3.62%
2.1%
Goldman Sachs Group Inc
7,334,015 sh · $410.6M
3.33%
-1.1%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Net selling
Recent Transactions
Traded Jun 16, 2026 · disclosed Jul 2, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.