Fox Corp Q4 2026 Forecast: Slipping Earnings, Streaming Surge

Fox Corporation is projecting a $1.15 EPS decline for Q4 of fiscal 2026, yet signals a strategic pivot toward its streaming arm, Tubi.

Fiscal 2026: Earnings Slide

■Q4 EPS: $1.15 (YoY -9.5%)

■Full‑Year EPS: $4.78 (steady outlook)

■2027 Projection: $5.69 (YoY +19%)

Market Response: Lagging the Index

■S&P 500: +18.4% (52‑week)

■Fox Shares: -0.2% (52‑week)

■XLC ETF: +3.7% (52‑week)

■Fox has slipped 1.5% amid intensifying media competition.

Digital Revolution: Tubi’s Role

■Tubi: +25% subscription growth, +12% ad revenue increase

■Fox aims for a 15% profitability lift by 2025 through digital expansion.

■Online content creation balances traditional broadcast earnings and creates new revenue streams.

Leadership & Strategic Direction

■CEO: David Zaslav (since 2024)

■Fox is building a bridge between legacy media and cutting‑edge tech, targeting 5G and AI‑enhanced distribution platforms.

■Investor Interest: The firm remains a focal point for investors post‑Q4, with expectations of a potential beat.

The modest earnings dip underscores a rapid digital shift in media, positioning Fox for a long‑term competitive advantage through strategic transformation.