Movement Alert|Fox Corporation Class A Rises 5.52% in Regular Trading, Q4 Earnings Crush Estimates as World Cup Drives Ad Revenue Surge

Market Focus08-07 00:13

On August 6, Fox Corporation Class A rose 5.52% in regular trading, trading at $62.0/share, with turnover of $181 million. The rally was driven by a blowout fiscal Q4 earnings report that far exceeded Wall Street expectations.

The company reported adjusted EPS of $1.79, beating the consensus estimate of $1.42 by 26% and rising 41% year-over-year. Revenue reached $4.21 billion, surpassing the $3.64 billion estimate, up 28% year-over-year. The FIFA World Cup was the primary catalyst, propelling advertising revenue 78% higher to $1.92 billion. Streaming platform Tubi delivered record quarterly revenue and viewership, with Q4 revenue growth accelerating to 35% supported by a 17% increase in total viewing hours.

The CFO noted that the World Cup tailwind combined with early-stage midterm political cycle dynamics will continue driving national, local, and digital advertising growth into fiscal Q1 2027. The board also raised the semi-annual dividend to $0.29 per share from $0.28.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment