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Fox Corp Class B (FOX) Stock

Fox Corp Class B Stock Details, Movements and Public Alerts

Fox Corporation (FOX): The $22B Conservative Media Empire Dominating News and Sports

When Americans tune in for breaking news, NFL Sundays, or the World Series, Fox Corporation dominates. Fox News has maintained #1 cable news ratings for 22 consecutive years—a streak unmatched in television history—while Fox Sports' NFL, MLB, and NASCAR rights command premium advertising rates. CEO Lachlan Murdoch oversees a post-Disney asset portfolio (Fox sold entertainment assets for $71B in 2019) laser-focused on live content: news and sports that audiences watch in real-time rather than streaming later. The result is a $14B revenue business generating 20%+ operating margins and $2B+ annual free cash flow. Trading at 11x forward earnings with growing sports rights and political advertising tailwinds, Fox offers value investors media exposure without streaming losses. The 2024 election cycle drove record political advertising, while retransmission fee increases and sports rights renewals support affiliate revenue growth. The Murdoch family's 40%+ voting control provides stability—or limits governance depending on perspective.

52-Week Range

$64.22 - $42.96

-1.57% from high · +47.14% from low

Avg Daily Volume

1,274,949

Latest volume

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

14.26

Below market average

Forward P/E

14.33

Earnings expected to decline

PEG Ratio

1.08

Reasonably valued

Price to Book

2.31

EV/EBITDA

9.31

EPS (TTM)

$4.45

Price to Sales

1.81

Beta

0.51

Less volatile than market

How is FOX valued relative to its earnings and growth?
Fox Corp Class B trades at a P/E ratio of 14.26, which is below the market average of approximately 20. This lower valuation could indicate the market has modest growth expectations, or it might represent an undervalued opportunity if the fundamentals are strong. Looking ahead, the forward P/E of 14.33 is higher than the current P/E, indicating analysts expect earnings to decline over the next year. The PEG ratio of 1.08 indicates reasonable value when growth is considered.
What is FOX's risk profile compared to the market?
With a beta of 0.51, Fox Corp Class B is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 2.31 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

12.30%

Operating Margin

26.30%

EBITDA

$3.56B

Return on Equity

17.30%

Return on Assets

8.73%

Revenue Growth (YoY)

4.90%

Earnings Growth (YoY)

-25.80%

How profitable and efficient is FOX's business model?
Fox Corp Class B achieves a profit margin of 12.30%, meaning it retains $12.30 from every $100 in revenue after all expenses. This represents a solid margin typical of well-run businesses, showing the company can effectively balance revenue generation with cost control. The operating margin of 26.30% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 17.30% and ROA at 8.73%, the company generates strong returns on invested capital.
What are FOX's recent growth trends?
Fox Corp Class B's revenue grew by 4.90% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings decreased by 25.80% year-over-year, reflecting the bottom-line impact of business performance. These growth metrics should be evaluated against ENTERTAINMENT industry averages for proper context.

Dividend Information

Dividend Per Share

$0.55

Dividend Yield

0.87%

Ex-Dividend Date

Sep 3, 2025

Dividend Date

Sep 24, 2025

What dividend income can investors expect from FOX?
Fox Corp Class B offers a dividend yield of 0.87%, paying $0.55 per share annually. This modest yield below 2% suggests the company prioritizes growth investments over current income. While the dividend provides some return, investors are likely attracted more by capital appreciation potential than income generation. To receive the next dividend, shares must be purchased before the ex-dividend date of Sep 3, 2025.
How reliable is FOX's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Fox Corp Class B pays $0.55 per share in dividends against earnings of $4.45 per share, resulting in a payout ratio of 12.36%. This conservative payout below 30% indicates excellent dividend safety with substantial room for future increases. The company retains most earnings for growth while still rewarding shareholders. The next dividend payment is scheduled for Sep 24, 2025.

Company Size & Market

Market Cap

$29.9B

Revenue (TTM)

$16.47B

Revenue/Share (TTM)

$36.49

Shares Outstanding

235.58M

Book Value/Share

$27.45

Asset Type

Common Stock

What is FOX's market capitalization and position?
Fox Corp Class B has a market capitalization of $29.9B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 235.58M shares outstanding, the company's ownership is relatively concentrated. As a participant in the ENTERTAINMENT industry, it competes with other firms in this sector.
How does FOX's price compare to its book value?
Fox Corp Class B's book value per share is $27.45, while the current stock price is $63.21, resulting in a price-to-book (P/B) ratio of 2.30. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$51.50

18.53% downside potential

Analyst Recommendations

No analyst ratings available

How reliable are analyst predictions for FOX?
0 analysts cover FOX with 0% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The bearish sentiment could create opportunity if analysts are wrong. The consensus target of $51.50 implies -18.5% downside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on FOX?
Current analyst recommendations:The neutral stance suggests uncertainty or fair valuation at current levels.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Dec 13, 2025, 08:27 AM

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Fox Corporation (FOX) Stock Analysis 2025: Media Investment Guide

The Live Content Empire

Fox Corporation emerged from the Disney asset sale as a focused live content company—a strategic bet that news and sports would prove more valuable than scripted entertainment in the streaming era. CEO Lachlan Murdoch has been proven largely correct: while traditional media companies bleed money on streaming services, Fox generates $2B+ annual free cash flow from businesses where live viewing still matters. Fox News' 22-year ratings dominance and Fox Sports' premium rights create advertising inventory that brands cannot replicate elsewhere.

The post-Disney portfolio includes three segments: Cable Networks (Fox News, Fox Business, FS1/FS2), Television (Fox broadcast network, owned stations), and Tubi (free ad-supported streaming). Fox News alone generates $4B+ annual revenue with 50%+ margins—perhaps the most profitable news operation ever created. The combination with Fox Sports' NFL, MLB, and NASCAR rights creates a programming day that keeps affiliates paying increasing retransmission fees despite cord-cutting.

Business Model & Competitive Position

Fox generates revenue through affiliate fees (cable/satellite/streaming distributors paying per subscriber), advertising (national and local spots), and sports betting partnerships. The affiliate fee model provides recurring revenue regardless of ratings, while advertising captures upside during election cycles and major sporting events. Tubi, acquired for $440M in 2020, provides streaming distribution for Fox's library without the content investment burden plaguing competitors.

Competitive moats include Fox News' audience loyalty (viewers skew older and more engaged than competitors), sports rights exclusivity, and broadcast network reach. However, cord-cutting threatens cable distribution, younger demographics prefer streaming news alternatives, and sports rights inflation pressures margins. The Murdoch family's 40%+ voting control provides strategic stability but limits shareholder activism and governance improvements.

Financial Performance

  • •Revenue: $14B+ annually with Cable Networks (45%), Television (40%), and Tubi (15%)
  • •Profitability: 20%+ operating margins led by Fox News' exceptional 50%+ profitability
  • •Cash Flow: $2B+ annual free cash flow with low capital requirements outside sports rights
  • •Capital Allocation: $1B+ annual returns through dividends (1.5% yield) and buybacks
  • •Balance Sheet: Modest leverage with investment-grade rating; clean post-Disney structure
  • •Political Advertising: Election cycles add $500M+ to advertising revenue in presidential years

Growth Catalysts

  • •Sports Rights Renewals: NFL, MLB, NASCAR extensions lock in premium content through decade-end
  • •Affiliate Fee Increases: Retransmission and cable fees growing mid-single digits despite cord-cutting
  • •Tubi Expansion: Free streaming service growing 50%+ reaching 80M+ monthly active users
  • •Sports Betting Integration: Fox Bet partnerships and odds integration monetize sports audiences
  • •Election Cycles: 2026 midterms and 2028 presidential campaign provide advertising tailwinds

Risks & Challenges

  • •Cord-Cutting Acceleration: Cable subscriber losses of 5%+ annually pressure affiliate revenue base
  • •Talent/Legal Costs: Fox News talent contracts and settlement costs (Dominion $787M) impact margins
  • •Demographic Challenge: Fox News audience median age 65+ creates long-term succession risk
  • •Sports Rights Inflation: Renewal costs outpacing advertising growth compress sports margins
  • •Murdoch Control: Dual-class structure limits governance; succession uncertainty post-Rupert

Competitive Landscape

Fox News competes with CNN (Warner Bros. Discovery), MSNBC (Comcast), and digital news sources. The network's conservative positioning has created a loyal audience that competitors cannot easily capture—CNN's attempt at centrist repositioning has struggled while MSNBC serves the opposing political niche. Fox Sports competes with ESPN (Disney), NBC Sports (Comcast), and CBS Sports (Paramount) for rights and advertising dollars.

Lachlan Murdoch's strategy emphasizes live content moats while building Tubi as a streaming hedge. The company has avoided the streaming wars that have destroyed value at Warner Bros. Discovery, Paramount, and Disney's direct-to-consumer segment. Fox's discipline in monetizing existing businesses rather than chasing streaming subscribers has been rewarded with consistent profitability. However, the long-term question remains whether live news and sports audiences will sustain as cord-cutting accelerates and younger generations consume media differently.

Who Is This Stock Suitable For?

Perfect For

  • ✓Value investors seeking profitable media at 11x P/E versus money-losing streamers
  • ✓Income investors with 1.5% dividend yield and aggressive buyback program
  • ✓Contrarian media exposure betting live content retains value
  • ✓Political advertising beneficiaries during election cycles

Less Suitable For

  • ✗ESG investors (Fox News editorial positions create controversy)
  • ✗Growth investors (cord-cutting limits upside)
  • ✗Governance-focused investors (Murdoch dual-class control)
  • ✗Risk-averse investors uncomfortable with litigation/settlement exposure

Investment Thesis

Fox Corporation offers a contrarian bet that live content retains value in the streaming era. The 11x forward P/E and $2B+ free cash flow generation compare favorably to money-losing streaming competitors. Fox News' 22-year ratings dominance and Fox Sports' premium rights create moats that, while challenged by cord-cutting, generate exceptional near-term profitability. Lachlan Murdoch's capital discipline—avoiding streaming losses while growing Tubi profitably—differentiates Fox from peers.

The investment requires comfort with political polarization (Fox News' positioning creates both loyalty and controversy), Murdoch family control, and secular cord-cutting pressures. For investors who believe live news and sports will remain valuable for the coming decade, Fox offers disciplined media ownership at a fraction of the multiple paid for streaming exposure. The stock suits value-oriented investors seeking media exposure without the losses and uncertainty plaguing traditional media companies chasing streaming.

Conclusion

Fox Corporation is a HOLD/BUY for value investors seeking profitable media exposure. The 11x P/E and $2B+ FCF provide margin of safety, while Fox News dominance and sports rights create durable cash flows. Lachlan Murdoch's capital discipline differentiates Fox from streaming-chasing peers. Best suited for investors comfortable with political positioning and Murdoch family control seeking media value without streaming losses.
Bull Case
$75 (15% upside) - Sports renewals lock in value, Tubi scales profitably, 13x multiple
Base Case
$68 (4% upside) - Steady execution, affiliate growth offsets cord-cutting, 11.5x multiple
Bear Case
$52 (20% downside) - Cord-cutting accelerates, litigation costs mount, 9x multiple

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