Fox Class B (FOX)
Operates FOX News, FOX Sports, Tubi, and the FOX broadcast network.
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Produces news, live sports, entertainment, local television, and streaming through FOX News Media, FOX Sports, the FOX network, Fox Television Stations, Tubi, and FOX One. Advertising and distribution fees drive revenue, with a predominantly U.S. footprint and continued exposure to pay-TV subscriber declines and sports-rights costs.
Produces and distributes news, sports, and entertainment across the FOX broadcast network, FOX News Media, FOX Sports, Fox Television Stations, Tubi, and FOX One. The portfolio is concentrated in the United States, spanning cable and virtual distributors, local broadcasting, free ad-supported streaming, and subscription streaming.
Builds around live, appointment-viewing programming and a broad domestic distribution footprint. Revenue comes mainly from advertising and distribution fees, including cable affiliate, retransmission, network-affiliation, and streaming subscription fees; Tubi extends advertising reach to viewers outside traditional pay television.
Cash generation remains tied to distributor renewals, audience levels, advertising demand, and costly long-term sports rights, while traditional subscriber counts continue to decline. Broadcast stations also operate under FCC ownership and licensing rules, and the agreed acquisition of Roku remains subject to shareholder and regulatory approvals.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | Fox Advisors | Target | Target: $97 | Target: $95 |
| Sep 14, 2026 | Citigroup | Initiate | Rating: — | |
| Aug 20, 2026 | Wolfe Research | Target | Target: — | Target: $93 |
| Aug 14, 2026 | Wells Fargo | Upgrade | Target: — | Target: $80 |
| Aug 14, 2026 | UBS | Upgrade |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $4.21B · Total debt $7.57B · Total assets $22.48B · Shareholders' equity $11.63B
- Revenue
- $4.21B
- Operating income
- $1.83B
- Net income
- $691.0M
HistoryDividendAnnual yield
| Institutions | 95.68% | 401.51M shares | |
|---|---|---|---|
| 775 holders · as of Jun 30, 2026 | |||
| Insiders | 20.88% | 87.61M shares | |
| 8 holders · as of Sep 16, 2026 | |||
| Strategic holders | 0.00% | 19.0K shares | |
| 1 holder · as of Sep 12, 2025 | |||
| Adds to | 116.56% | ||
419.65M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 116.56%; nothing is left for Other.
This company has 2 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Lachlan K. MurdochInsiderdirector, officer: Executive Chair, CEO | 20.68% | 1.40M A · 85.37M B | filed Sep 16, 2026 |
BlackRock, Inc.Institution | 7.69% | 19.55M A · 12.72M B | as of Jun 30, 2026 |
State Street CorpInstitution | 7.22% | 17.46M A · 12.83M B | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 4.98% | 12.36M A · 8.53M B | as of Jun 30, 2026 |
Goldman Sachs Group IncInstitution | 4.76% | 12.64M A · 7.33M B | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Sep 15, 2026 | Lachlan K. Murdoch | director, officer: Executive Chair, CEO | +149,934 | $68.53 |
| Sep 15, 2026 | Lachlan K. Murdoch | director, officer: Executive Chair, CEO | −149,934 | $68.53 |
| Mar 11, 2026 | John Nallen | officer: President, COO | −242,309 | $57.74 |
| Mar 12, 2026 | John Nallen | officer: President, COO | −216,806 | $57.68 |
| Mar 13, 2026 | Lachlan K. Murdoch | director, officer: Executive Chair, CEO | −637,752 | $58.20 |
- Walt Disney
ESPN and ABC rival Fox Sports and Fox Broadcasting across NFL, college, and DTC.
- Comcast
NBC and Peacock contest NFL, NBA, and Olympics; MSNBC/MS NOW rivals Fox News.
- Paramount Skydance
CBS holds NFL AFC to Fox's NFC; Pluto TV rivals Tubi in free streaming.
- Warner Bros. Discovery
CNN rivals Fox News in cable news; TNT Sports retains conference sports rights.
- Roku
The Roku Channel rivals Tubi as the #2 FAST platform by Nielsen viewing share.
- Newsmax
Conservative cable news challenger targeting Fox News's core audience.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Fox Class B | $56.79 | −0.92% | $25.14B | 15.0 | 9.6 | 1.5 | +28.1% |
| Walt Disney | $103.54 | −0.28% | $180.30B | 21.4 | 13.8 | 1.8 | +7.1% |
| Comcast | $22.68 | +1.15% | $79.56B | 7.3 | 6.5 | 0.6 | −1.2% |
| Paramount Skydance | $9.93 | −1.83% | $11.00B | — | 12.0 | 0.4 | +0.9% |
| Warner Bros. Discovery | $30.72 | −0.37% | $77.30B | — | — | 2.1 | −11.2% |
| Roku | $153.14 | −0.72% | $22.88B | 65.9 | 46.6 | 4.4 | +21.9% |
| Newsmax | $10.86 | −3.12% | $1.01B | — | — | 5.0 | +16.5% |
| Median | 21.4 | 12.9 | 2.0 | +4.0% |