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Research Alert: Fox Corporation Reports Earnings And Revenue Beat

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CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

FOXA delivered solid Q3 FY 26 (Jun.) results with adjusted EPS of $1.32 vs. $1.10 prior year, beating consensus by $0.35. Revenue of $3.99B beat the $3.81B consensus estimate. Adjusted EBITDA rose to $954M from $856M, led by operational discipline and cost management across segments. We continue to see strong sports and news franchises providing pricing power and audience engagement, with NFL content delivering higher ratings and advertising demand, indicating margin expansion potential. FOXA will deliver the FIFA World Cup in the U.S. with an expanded 104-match schedule over five weeks, providing significant exposure opportunity. Tubi revenue grew a healthy 23% in Q3, building on nearly 100M monthly active users who will engage with World Cup content. We think operating leverage opportunities demonstrate EBITDA growth outpacing revenue growth in both segments. FOXA repurchased $100M in shares in Q3 and maintains a strong balance sheet with $3.6B cash and $6.61B in total debt outstanding as of March 31, 2026.

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