Fox Corporation trades at a forward multiple of roughly 9.5 times with four consecutive earnings beats averaging roughly 40% above consensus, but a 9% revenue decline and failed momentum gate signal that the valuation discount reflects real fundamental headwinds that must reverse before the stock can re-rate meaningfully.
Thesis pillars
- Consistent Earnings Outperformance↓Deteriorating
- Attractive Valuation With Analyst Upside→Stable
- Gap Down Within Rising Trend↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Fox Corporation (FOXA) Stock Analysis
Range Bound setup
Communication Services · Entertainment
Sell if holding. Analyst target reached at $67.71 — A.R:R 0.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: 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, the Big Ten Network, FOX Deportes) and Television (the FOX broadcast network, Tubi AVOD service, and 29 owned-and-operated... Read more
Sell if holding. Analyst target reached at $67.71 — A.R:R 0.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Communication Services): -0.8. Chart setup: RSI 46 mid-range, Bollinger mid-band. Score 6.2/10, moderate confidence.
Passes 6/8 gates (clean insider activity, no SEC red flags, news events none recent, earnings proximity 55d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
About Fox Corporation
About Fox Corporation
FOX News reached approximately 61 million U.S. households and FS1 reached 61 million as of June 30, 2025, both down from 67 million a year earlier, while Tubi streamed approximately 11 billion hours of content during fiscal 2025 and held about 2.2% share of all U.S. television viewing. The company's 29 owned-and-operated television stations cover 18 Nielsen-designated market areas, including 14 of the 15 largest, with duopolies in 11 DMAs including New York, Los Angeles, and Chicago. FOX generates revenue primarily through affiliate fees paid by distributors and advertising sales across its cable, broadcast, and digital platforms.
FOX earns revenue mainly through affiliate fees paid by traditional and virtual MVPDs for carriage of its cable and broadcast networks, and through advertising sales tied to live sports and news programming; the FOX Network's NFL, MLB, and college football rights are secured under long-term contracts whose costs have risen as competition for sports rights intensifies. Tubi, the company's advertising-supported streaming service, expanded to over 320 sports, entertainment, and local news channels and nearly 300,000 movies and television episodes in fiscal 2025, giving FOX a wholly owned digital audience outside traditional linear distribution; the company also plans to launch FOX One, a direct-to-consumer subscription service, by fall 2025. FOX owns approximately 61% of the Big Ten Network and holds an equity stake in Flutter Entertainment along with an option to acquire 18.6% of FanDuel Group, a majority-owned Flutter subsidiary. The FOX Studio Lot in Los Angeles spans more than 50 acres and nearly 2 million square feet, generating production-services and office-space revenue separate from the company's media segments.
Show full overview
FOX's affiliate-fee model is directly exposed to MVPD subscriber attrition: the 10-K states industry-wide MVPD subscriber declines are expected to continue and possibly accelerate, and because most affiliation agreements pay FOX in part based on subscriber counts, a decline not fully offset by rate increases would hit affiliate revenue while simultaneously shrinking the audience advertisers pay to reach. The company also flags a related risk: if contract renewal negotiations with an MVPD reach an impasse, FOX's networks could 'go dark' on that distributor's platform, a self-inflicted subscriber loss layered on top of secular cord-cutting. FOX's response -- Tubi, FOX Nation, FOX Weather, and the planned FOX One direct-to-consumer service -- aims to rebuild viewership outside the MVPD bundle, though the filing does not guarantee these platforms will fully offset linear declines.
See also: Communication Services · Entertainment
From Fox Corporation's most recent 10-K filing, extracted August 23, 2026.
Recent developments
updated 2026-09-04Recent 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 Are Investors Undervaluing Fox (FOXA) Right Now? - Yahoo Finance — Yahoo Finance neutral
Generated 2026-09-04T13:27:38Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- MEDIUMCustomerlimited number of distributors (MVPDs)10-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 floor-breaker
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $67.71 — A.R:R 0.0:1 is below the 1.5:1 minimum. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Sector modifier (Communication Services): -0.8. Chart setup: RSI 46 mid-range, Bollinger mid-band. Prior stop was $64.41. Score 6.2/10, moderate confidence.
Take-profit target: $67.80 (+0.1% upside). Prior stop was $64.41. Stop-loss: $64.41.
Analyst target reached - limited upside remaining; Sector modifier (Communication Services): -0.8; Negative momentum.
Fox Corporation trades at a P/E of 17.6 (forward 11.6). TrendMatrix value score: 7.3/10. Verdict: Sell.
27 analysts cover FOXA with a consensus score of 3.7/5. Average price target: $75.
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, the Big Ten Network, FOX Deportes) and Television (the FOX broadcast network, Tubi AVOD service, and 29 owned-and-operated stations), plus the Credible consumer finance marketplace and the FOX Studio Lot production facility in Los Angeles. FOX News and FS1 each reached about 61 million U.S. households as of June 30, 2025, and Tubi streamed approximately 11 billion hours of content during fiscal 2025. The company ended fiscal 2025 with appr