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Companies · FOXA

FOXA Reported this cycle

Fox Corporation

New York Founded 2018 Media & Streaming

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Latest analysis

Updated Nov 6, 2026

Fox Corporation completes acquisition of Roku on November 6, 2026, paying $95.30 cash plus 0.9799 FOX shares per Roku share in a transformational CTV platform deal.

Fox Corporation closed its acquisition of Roku on November 6, 2026, creating a combined media and technology entity with reach across more than 100 million households and a portfolio spanning Roku, Tubi, FOX One, FOX News Media, and FOX Sports. FOX funded the transaction with $2.0 billion drawn under an amended term loan and $8.4 billion under a new 364-day bridge facility, with former Roku stockholders now owning approximately 26% of FOX common stock. Management targets approximately $400 million in run-rate cost synergies within two years and expects free cash flow per share accretion by the second full year post-close.

Tone: bullish

Revenue

$17.1B

FOXA 10-K · FY 2026

Employees

10,550

Revenue FY2025

$16.3B

Founded

2018

Profile

FOXA 10-K Item 1 · Aug 6, 2026

Fox Corporation is a news, sports and entertainment company operating cable networks, broadcast television, and digital streaming platforms primarily in the U.S. Its portfolio includes FOX News Media, FOX Sports, the FOX broadcast network, Tubi AVOD service, and 29 owned and operated local television stations. The company derives revenue primarily from distribution fees and advertising sales across traditional and digital platforms.

Read filing description ↓

FOX produces and delivers compelling news, sports and entertainment content through its iconic brands, including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. The Company differentiates itself in a crowded media and entertainment marketplace through the leadership positions of its brands and premium programming that focus on live and 'appointment-based' content, a significant presence in major markets and broad distribution of its content across traditional and digital platforms, including FOX One, the Company's wholly-owned, direct-to-consumer subscription streaming service. The Cable Network Programming segment produces and licenses news and sports content distributed through traditional and virtual MVPDs and other digital platforms, primarily in the U.S. The Television segment produces, acquires, markets and distributes programming through the FOX broadcast network, advertising-supported video-on-demand ('AVOD') service Tubi, 29 full power broadcast television stations, including 11 duopolies, and other digital platforms, primarily in the U.S. Credible operates consumer finance and insurance marketplaces. The FOX Studio Lot in Los Angeles provides television and film production services along with office space and studio operation services. Corporate and Other principally consists of FOX One, Credible, the FOX Studio Lot and corporate overhead costs.

Primary products

  • FOX News
  • FOX Business
  • FS1
  • FS2
  • The Big Ten Network
  • FOX Deportes

Business segments

Cable Network Programming Television

End markets

Cable television subscribers Broadcast television viewers Digital streaming audiences Advertisers Programming distributors (MVPDs) Consumer finance and insurance customers

Geographies

United States Mexico Central America International (select regions via Tubi)

Named competitors

CNN MS NOW CNBC Bloomberg Television NBCNews.com NYTimes.com CNBC.com Bloomberg.com
“FOX enjoys leadership positions across its core news, sports and entertainment businesses. As linear television viewership declines across the industry, 'appointment-based' programming that is the FOX hallmark remains resilient.” Competitive position, as stated in the filing

Revenue commentary · FY 2026

Total revenues increased from $16.3 billion in fiscal 2025 to $17.1 billion in fiscal 2026, driven by growth across distribution, advertising and content and other revenue lines.

The rest of FOXA is for subscribers

Analysis, signals, diligence answers, M&A activity and every quote, each citing the filing it came from.

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