FOX (FOX) News Today

Fox Corporation (NASDAQ: FOX) is trading higher after reporting fiscal third-quarter results that topped Wall Street expectations, even though revenue declined year over year because Fox did not air the Super Bowl in the period. Investors appear focused on the earnings beat, solid profitability, and management’s outlook for upcoming sports-driven growth.

• Positive Sentiment: Fox reported Q3 EPS of $1.32, beating estimates, while revenue of $3.99 billion also came in above expectations. The company highlighted strength in advertising, sports, news, and continued growth at Tubi, which helped offset the lack of Super Bowl ad revenue. FOX Reports Third Quarter Fiscal 2026 Revenue of $3.99 Billion...
• Positive Sentiment: Fox said it secured rights to two additional NFL games, which could support future ratings and advertising revenue as the company leans into live sports content. Fox Takes Rights To Two More NFL Games
• Neutral Sentiment: Analysts maintained a cautious stance, with TD Cowen reiterating a Hold rating, suggesting the stock’s recent strength may already reflect strong execution and ongoing valuation concerns. Fox Retains Hold Rating as Strong Execution Meets Valuation and Macro Uncertainty
• Neutral Sentiment: Fox’s fiscal third-quarter revenue fell from the prior year because of the missing Super Bowl broadcast, but the decline was partly offset by higher distribution revenue and better-than-expected operating results. Fox Revenue Falls on Lack of Super Bowl Broadcast

Overall, FOX is rising because investors are looking past the temporary Super Bowl-related revenue dip and rewarding the earnings beat, strong sports/streaming performance, and added NFL inventory.