Fox Reports Q1 Revenue Down 8.6% YoY to $3.99B, Adj EPS $1.32
FOX sits 23% above its 52-week low of $48.375.
Summary
Fox Corporation announced its Q1 2026 financial results, reporting revenue of $3.99 billion and adjusted EPS of $1.32. Revenue saw an 8.6% year-over-year decline, a significant factor for investors to consider. However, the company highlighted strong advertising sales, excluding the prior year's Super Bowl, and growth in distribution and digital platforms. This new quarterly data provides an updated view of the company's performance, distinct from the strong Q3 results reported yesterday. Wells Fargo also raised its price target to $71, maintaining an Equal-Weight rating.
At the time of this announcement, FOX was trading at $59.45 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $26.6B. The 52-week trading range was $48.38 to $68.18. This news item was assessed with neutral market sentiment and an importance score of 7 out of 10. Source: Wiseek News.