FOXA Gears Up to Report Q2 Earnings

What's in Store for the Stock?

Jan. 30, 2026 at 1:55pm

FOX Corporation is set to report its fiscal second-quarter 2026 results. The company's earnings are expected to decline year-over-year, but its sports and news ratings, rising Tubi ad demand, and expanding streaming distribution are expected to be growth drivers.

Why it matters

FOXA's Q2 earnings report will provide insights into the company's performance and the factors driving its business, which could impact the stock price.

The details

For the upcoming quarter, the Zacks Consensus Estimate for earnings is pegged at 46 cents per share, unchanged over the past 30 days, indicating a 52.08% decline year over year. The consensus mark for revenues is pegged at $5.06 billion, implying a decline of 0.41% from the year-ago quarter's reported figure. FOXA's earnings have beaten the Zacks Consensus Estimate in the trailing four quarters, with an average surprise of 33.54%. FOX Sports, FOX News Media, entertainment programming, and Tubi's performance are expected to be the key drivers for the quarter.

  • FOXA is set to report its fiscal second-quarter 2026 results.
  • The NFL on FOX maintained viewership momentum from the first quarter, with the late November Ohio State versus Michigan rivalry game drawing 18.4 million viewers to become the most-watched college football game of the 2025 season.
  • The Thanksgiving Day partnership with Tubi to stream the Green Bay Packers versus Detroit Lions game expanded audience reach across platforms.
  • The FOX One streaming service added distribution options through the October 2025 launches of the ESPN bundle at $39.99 monthly and Verizon partnership at $15 monthly.
  • The Masked Singer launched its new season in Dec. 2025 with themed episodes, and competition series Next Level Chef, Hell's Kitchen and MasterChef likely contributed to primetime engagement.

The players

FOX Sports

FOX Sports is expected to have been a significant growth driver for FOXA.

FOX News Media

FOX News Media maintained its position as the most-watched cable network entering the quarter, which is expected to have influenced advertising pricing across direct response and national brand categories despite softer linear market conditions.

Tubi

Tubi's performance from the first quarter is expected to have continued into the second quarter, with the October 2025 Audiochuck partnership for Crime Junkie and other podcasts enhancing content offerings and advertiser appeal among specific demographic segments.

FOX Entertainment

Entertainment programming benefited from returning franchises, including The Masked Singer, alongside animated staples The Simpsons, Bob's Burgers, Family Guy and Krapopolis. The Nov. 2025 acquisition of Meet Cute audio drama platform expanded FOX Entertainment's content portfolio, though platform development costs likely affected operating margins.

Zacks Equity Research

Zacks Equity Research provided the analysis and insights for this article.

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The takeaway

FOXA's Q2 earnings report will be closely watched by investors as the company's performance in key areas like sports, news, entertainment, and streaming could impact the stock price. The company's ability to navigate the evolving media landscape and capitalize on growth opportunities will be crucial in determining its future prospects.