On August 6, Fox Corporation Class A rose 5.52% in regular trading, trading at $62.0/share, with turnover of $181 million. The rally was driven by a blowout fiscal Q4 earnings report that far exceeded Wall Street expectations.

The company reported adjusted EPS of $1.79, beating the consensus estimate of $1.42 by 26% and rising 41% year-over-year. Revenue reached $4.21 billion, surpassing the $3.64 billion estimate, up 28% year-over-year. The FIFA World Cup was the primary catalyst, propelling advertising revenue 78% higher to $1.92 billion. Streaming platform Tubi delivered record quarterly revenue and viewership, with Q4 revenue growth accelerating to 35% supported by a 17% increase in total viewing hours.

The CFO noted that the World Cup tailwind combined with early-stage midterm political cycle dynamics will continue driving national, local, and digital advertising growth into fiscal Q1 2027. The board also raised the semi-annual dividend to $0.29 per share from $0.28.

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