Fox Corporation Outperforms Market Amid Strong Financials and Growth

With a market cap of $23.8 billion, Fox Corporation (FOXA) stands as a prominent media player in the U.S., delivering news, sports, and entertainment through esteemed brands like FOX News, FOX Sports, the FOX Network, and Tubi. The company operates across four primary segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot, catering to audiences through both traditional and digital platforms.

Impressive Stock Performance

Over the last 52 weeks, FOXA shares have greatly outperformed the broader market. The stock has surged 65.2%, while the S&P 500 Index ($SPX) has only rallied 12.8% during the same period. Additionally, year-to-date, Fox Corporation’s shares are up 12.8%, in contrast to the marginal gains of the SPX.

Advertising Boost Fuels Growth

Examining the company’s performance more closely, FOXA has also outpaced the Communication Services Select Sector SPDR ETF Fund’s (XLC) impressive 23% gain over the past year. On May 12, shares of FOXA climbed 4.3% following a strong fiscal Q3 2025 earnings report. The company posted an adjusted EPS of $1.10 and revenues of $4.4 billion, surpassing consensus estimates. This growth was primarily spearheaded by a 64.9% increase in advertising revenue, attributed to events like Super Bowl LIX, robust digital growth from Tubi, and improved news ratings. Furthermore, a strong rise in affiliate fees within both the Television and Cable Network Programming segments bolstered investor confidence.

Future Earnings Expectations

Looking ahead to the fiscal year ending in June 2025, analysts project FOXA’s EPS to grow 29.7% year-over-year, reaching $4.45. The company’s earnings surprise history has been strong, having beaten consensus estimates in the last four quarters.

Analyst Ratings and Price Targets

Among the 21 analysts covering the stock, the consensus rating is a “Moderate Buy,” which includes eight “Strong Buy” ratings, one “Moderate Buy,” 11 “Hold” ratings, and one “Strong Sell.” On May 12, CFRA analyst Kenneth Leon raised FOX Corporation’s price target to $59 while maintaining a “Buy” rating.

As of now, FOXA is trading slightly above the average price target of $53.95. The highest price target of $62 suggests a potential upside of 13.3% from current price levels.

On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are solely for informational purposes. For further details, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.