Pomegra
Fox Stock Jumps 5.5% After Earnings Beat, Then Fades
Why did Fox stock jump 5% on earnings?
Fox Corp (FOXA) stock jumped 5.5% to $66.72 at its Monday high after an earnings beat driven by World Cup ads, but closed down 0.8% at $62.76.
Key numbers
| Revenue | $4.57B+22% YoY |
|---|---|
| Adjusted EPS | $2.54vs ~$2.06 expected (per [2]); +68% YoY |
| Advertising revenue | $2.08B+47% YoY |
| Adjusted EBITDA | $1.64B+54% YoY |
| Tubi revenue | +35%viewing time +23% (per [3]) |
| FOXA close, Nov 2 | $62.76-0.8% after early gain to $66.72 |
What happened
Fox Corp (FOXA) stock jumped 5.5% to $66.72 at its Monday high after an earnings beat driven by World Cup ads, but closed down 0.8% at $62.76. Revenue rose 22% to $4.57 billion, ahead of the $4.32 billion analysts expected. Advertising sales jumped 47% to $2.08 billion on the World Cup, midterm political ads and Tubi, Fox's free streaming service, where revenue grew 35%. Adjusted profit per share was $2.54, versus about $2.06 expected.
Why it matters
Fox Corp's results show how much money big live events can bring to TV companies. The World Cup and election season lifted ad sales sharply, but boosts like these do not repeat every quarter. Shares that rose early ended the day lower, so investors may be looking past a one-time lift.
Who this affects
- MarketneutralLow impact
- Early gains faded; investors showed little lasting enthusiasm.
- CompanybullishMedium impact
- Record first-quarter revenue and profit are good for Fox shareholders.
- CompetitorsneutralLow impact
- Comcast and Disney rose Monday while Fox slipped.
- IndustrybullishMedium impact
- Live sports and free streaming ads are paying off for broadcasters.
Fox Corp vs Comcast, Disney
How we got here
Fox's first fiscal quarter ends, covering the World Cup and early election ad season.
FOXA closes at $63.24 ahead of the earnings report.
Fox reports results; shares rise about 4% before the market opens.
FOXA peaks at $66.72, then closes down 0.8% at $62.76.
What to watch
- Midterm election ad spending, a key driver of Fox's political advertising revenue.2026-11-03
- Fox One streaming subscriber growth and Tubi viewing time after the World Cup ends.Q4 2026
Educational content only. Not investment advice.
More briefsAll briefs →
Marriott Stock Rises 4.3% to Record After Earnings Beat
Marriott (MAR) raised its 2026 outlook as US and Canada room revenue per available room rose 7.4% in Q3.
Taiex Index Drops 3.6% as AI Tech Selloff Deepens
Taiwan's Taiex (^TWII) lost 1,613 points to 43,307, its seventh-biggest point drop on record, on AI worries.
Nasdaq 100 Falls 10.4% Into Correction on AI Spending Fears
Nasdaq 100 (NDX) ended at 27,989.82, its third correction of 2026, as Big Tech earnings stoked AI doubts