On August 15, Fox Corporation Class A rose 5.19% in regular trading, trading at $68.845/share, with turnover of $193 million. The stock continues to rally following a blockbuster fiscal Q4 earnings report and favorable regulatory developments.

Fox reported fiscal Q4 adjusted EPS of $1.79, exceeding the consensus estimate of $1.42 by 26% and representing a 41% year-over-year increase. Revenue reached $4.21 billion, surpassing the $3.64 billion estimate by nearly 16% and growing 28% year-over-year. The company also raised its semi-annual dividend to $0.29 per share. Management highlighted that World Cup benefits will extend into fiscal Q1 2027, while early-stage midterm political cycle advertising demand is driving growth across national, local, and digital platforms.

Additionally, the FCC voted to abolish the 39% national audience cap rule for local broadcast station owners, removing a longstanding barrier to expansion for media companies including Fox. Fox's streaming platform Tubi also posted record quarterly revenue with 35% revenue growth, further reinforcing the bullish outlook.

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