Fox Corp Details Roku Acquisition's Financial Impact: Pro Forma EPS Plummets to $1.05
FOXA sits 31% above its 52-week low of $48.34.
Summary
Fox Corp filed an amended 8-K detailing the pro forma financial impact of its $23.2 billion Roku acquisition, showing a substantial decrease in pro forma diluted EPS to $1.05 from $3.84.
Updates
· SEC 425 — Pro forma combined revenue for the year ended June 30, 2026 is $22.0 billion and net income attributable to Fox stockholders is $618 million.
Key Events · M&A and Partnerships · FOXA
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Pro Forma Financials Released for Roku Acquisition
This amendment provides the historical financial statements of Roku and the unaudited pro forma condensed combined financial information for the $23.2 billion acquisition, which were previously omitted from the initial 8-K filing on June 15, 2026.
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Significant EPS Dilution Revealed
The pro forma diluted earnings per share for the combined entity for the year ended June 30, 2026, is projected at $1.05, a substantial decrease from Fox Corp's historical diluted EPS of $3.84.
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Increased Share Count Post-Acquisition
The pro forma diluted weighted-average common shares outstanding are projected to increase to 590.4 million from Fox Corp's historical 439.2 million, reflecting the stock component of the merger consideration.
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Acquisition Financing Confirmed
The filing details the financing structure, including a $1 billion Term Loan Facility and plans for permanent financing to cover the $14.6 billion cash portion of the merger consideration, reducing reliance on a $8.8 billion bridge facility.
Analysis · FOXA · Technology
This 8-K/A provides the critical pro forma financial statements for the $23.2 billion Roku acquisition, which were previously omitted. It reveals a significant negative impact on Fox Corp's earnings per share, with pro forma diluted EPS dropping from $3.84 to $1.05. This quantification of the financial consequences is highly material for investors assessing the deal's immediate value and dilution.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 42.7% of the 288 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.53%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, FOXA was trading at $63.50 on NASDAQ in the Technology sector, with a market capitalization of approximately $25.3B. The 52-week trading range was $48.34 to $76.39. This filing was assessed with negative market sentiment and an importance score of 9 out of 10.