Fox Corp stock holds gains after record fiscal 2026 results

Fox Corp Inc. (US35137L2043) stock is consolidating recent gains after fiscal 2026 revenue and EBITDA reached record levels, supported by strong advertising tied to the FIFA World Cup and streaming platform Tubi as of August 18, 2026.

Record fiscal 2026 numbers support valuation

Per an earnings call summary dated August 06, 2026, Fox Corp reported record fiscal 2026 revenue of over $17 billion, reflecting 5 percent growth versus fiscal 2025. In the same period, EBITDA rose to $3.9 billion, up 8 percent year over year, underscoring improving operating leverage in the business.

The company’s fiscal fourth quarter of 2026 was particularly strong, with total revenue rising 28 percent to $4.2 billion and EBITDA increasing 27 percent to $1.2 billion compared with the prior-year quarter. Advertising revenue in fiscal Q4 climbed 78 percent, driven by higher demand around the FIFA World Cup and accelerating momentum at Tubi.

Despite these operational records, net income attributable to stockholders declined to $1.7 billion in fiscal 2026 from $2.3 billion in fiscal 2025 as higher costs and the absence of prior-year Super Bowl and election-related benefits weighed on the bottom line. That translates into earnings per share of $3.84 for fiscal 2026, down from the prior year even as revenue and EBITDA expanded.

Investors have also watched capital returns closely. For fiscal 2026, Fox Corp repurchased $2 billion of its own shares and distributed $243 million in dividends, lifting cumulative capital returned since the company’s spin-off to $10.7 billion. This mix of buybacks and cash dividends provides a tangible shareholder yield alongside the underlying earnings profile.

Consensus view and dividend calendar

In the current analyst backdrop, data compiled on August 18, 2026 indicate that Fox Corp’s Class B shares carry a consensus rating of Buy and a consensus price target of $76.00. With the Class B stock at a closing price of $61.49 on August 17, 2026, that target implies upside of roughly 23 percent if the company can sustain its earnings and cash flow trajectory.

Market data for the Class A shares on August 17, 2026 show a closing price of $69.19, up $0.15 or 0.22 percent on the day, with after-hours trading modestly softer at $69.01. The same dataset notes that the Class A stock began 2026 at $73.07, leaving it down 5.3 percent year to date despite the recent recovery toward the high-$60 range.

For the non-voting Class B shares, the closing price on August 17, 2026 was $61.49, a gain of $0.08 or 0.13 percent in the regular Nasdaq session. The shares have fallen 5.3 percent since the start of the year, mirroring the year-to-date performance pattern of the Class A line and showing that the market has not fully priced in the record fiscal 2026 revenue and EBITDA.

Alongside the fundamental story, investors are tracking the upcoming dividend timetable. A current calendar lists August 18, 2026 as the record date for a dividend payable on September 23, 2026, with September 2, 2026 as the ex-dividend date. This schedule means shareholders of record as of August 18, 2026 will be eligible to receive the late-September payout, adding a defined income component to the Fox Corp investment case.

Looking ahead, the same calendar shows an estimated next earnings date of October 29, 2026. While the exact confirmation will depend on future corporate communication, this timing suggests that the next detailed update on revenue, advertising trends, and streaming performance is expected shortly after the end of the September quarter, a period that will capture the impact of the current sports and news cycle.

Market metrics and recent trading action

Quote information for Fox Corp’s Class A shares as of August 17, 2026 indicates a last regular-session price of $69.19 at 4:00 p.m. Eastern Time. Pre-market indications show $68.99, while after-hours data point to $69.01, a decline of $0.18 or 0.26 percent from the official close. These intraday extensions highlight that trading interest remains active outside core hours.

Complementary quote data confirm the same closing price of $69.19 for the Class A line on August 17, 2026, with the day’s move of 0.22 percent adding to a modest positive trend over the past five trading sessions. The stock has climbed in prior days from levels near $56 to the high-$60s, reflecting a cumulative multi-day advance that brought it closer to the consensus price targets.

For the Class B FOX line, a separate market snapshot for August 17, 2026 shows a closing price of $61.51, up 0.16 percent, with a recorded market capitalization of $27.34 billion in USD terms. With a 12-month low of $44.08 and a 12-month high of $68.18, the current $61 area situates the shares above the midpoint of their one-year range yet below the top, suggesting room for further appreciation if fiscal 2027 results build on the recent revenue and EBITDA records.

Historical price data over the August 11 to August 17, 2026 period underline the recent trend. Fox Corp Class B shares moved from $55.33 with a daily decline of 1.77 percent on August 11, 2026 to $61.49 with a daily increase of 0.15 percent on August 17, 2026. The interim days saw gains of 1.20 percent, 3.80 percent, and 5.65 percent, making the latest level more than $6 above the early-August close and illustrating a short-term rally off the mid-$50 zone.

For context, a separate international quote in EUR for Fox Corp around August 17, 2026 shows the stock at 59.77 EUR on the Tradegate platform, representing a five-day change of 0.15 percent and a year-to-date increase of 7.76 percent in that listing. This confirms that Fox Corp’s performance profile is similar across venues, even as currency translations adjust absolute prices.

Tubi and digital growth as a strategic pillar

Beyond headline numbers, Fox Corp’s recent earnings commentary placed particular emphasis on Tubi, the company’s ad-supported streaming platform. In fiscal Q4 2026, Tubi’s growth was a key contributor to the 78 percent surge in advertising revenue, highlighting how digital streaming is becoming a material driver of the broader media portfolio.

Tubi operates as a free, ad-supported video-on-demand service, offering a mix of movies, TV series, and original content. It monetizes through ad impressions rather than subscription fees, giving Fox Corp a way to reach cord-cutters and younger audiences while leveraging its existing advertising relationships. The strong fiscal Q4 advertising revenue suggests that Tubi’s user engagement and ad inventory utilization have scaled meaningfully compared to prior periods.

Strategically, Tubi complements Fox Corp’s core broadcast assets by extending reach beyond traditional cable and satellite distribution. It provides real-time data on viewing behavior and ad performance, which can inform pricing and placement decisions across the company’s broader ad ecosystem. This data-rich channel is particularly valuable in sports and news programming, where advertisers want measurable impact.

In the context of the FIFA World Cup, Tubi’s streaming coverage and related content amplified Fox Corp’s ability to sell targeted advertising packages across both linear and digital channels. The 78 percent advertising revenue increase in fiscal Q4 2026 reflects this synergy, showing how marquee sporting events and a scaled streaming platform can jointly lift the company’s ad sales.

For investors, Tubi’s trajectory matters because it can diversify revenue streams away from more cyclical or regulated parts of the media business. The platform’s potential to support mid-teens or higher growth in advertising, compared with low-single-digit expansion in legacy channels, provides a structural tailwind that can underpin future revenue and EBITDA growth even when major events like the World Cup are not in season.

Stock level and investor takeaways

As of the close on August 17, 2026, Fox Corp’s Class B shares trade on Nasdaq under the ticker FOX at $61.49 USD. This level sits comfortably above the 12-month low of $44.08 but still below the 12-month high of $68.18, leaving a span of more than $6 between the current price and the top of the recent range. Combined with a consensus Buy rating and a $76.00 price target, the positioning underscores that the market has recognized the record fiscal 2026 results but has not exhausted the potential re-rating implied by analyst expectations.

Fact box

Company: Fox Corp Inc.
ISIN: US35137L2043
Ticker: FOX
Exchange: Nasdaq
Price (as of August 17, 2026, 4:00 p.m. ET): $61.49 USD
Market cap: $27.34 billion (as of August 17, 2026)
Sector / Industry: Communication services / Media and broadcasting
Index membership: Nasdaq 100