Stock Track | Fox Corporation Class B Soars 7.56% Intraday on Strong Q3 Earnings Beat and Additional NFL Games Acquisition

Stock Track05-12

Fox Corporation Class B (NASDAQ:FOX) shares soared 7.56% during intraday trading on Monday, marking a significant upward movement for the media company's stock.

The surge follows the company's release of its fiscal third-quarter 2026 results, which exceeded analyst expectations. Fox reported adjusted earnings of $1.32 per share, beating the consensus estimate of $1.12 per share. Quarterly revenue reached $3.994 billion, also surpassing Wall Street forecasts of approximately $3.795 billion.

Further bolstering investor sentiment, Fox announced on its earnings call that it has acquired rights to two additional nationally televised NFL games for the 2026-27 season. The company also highlighted strong performance in its streaming segment, with its Tubi AVOD service reportedly achieving break-even or better results for three consecutive quarters, alongside growth in distribution revenue.

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