Fox Corp (FOXA)

Fox Corporation is a news, sports and entertainment company that produces and distributes content through brands including FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. It focuses on live and "appointment-based" programming and distributes it across traditional and digital platforms, including FOX One, its wholly-owned direct-to-consumer subscription streaming service. It became a standalone public company on March 19, 2019, when Twenty-First Century Fox spun it off ahead of Disney's acquisition of the remaining 21CF assets. In June 2026 it agreed to acquire Roku for $96.00 in cash and 0.9693 shares of FOX Class A Common Stock per Roku share, subject to stockholder and regulatory approvals.

The company manages four operating segments and reports two: Cable Network Programming and Television. Cable Network Programming produces and licenses news, business news and sports content. Its businesses include FOX News Media (FOX News and a business news channel), FS1, FS2, the Big Ten Network (about 61% owned), FOX Deportes, FOX Sports Racing, FOX Soccer Plus, Outkick Media and FOX Latin America. The Television segment covers the FOX broadcast network, the ad-supported streaming service Tubi, 29 full power broadcast stations and production companies that make content for FOX and third parties. Of the stations, 18 are affiliated with FOX and 11 with MyNetworkTV, and 11 markets are duopolies. Tubi offers over 350,000 movies and episodes. The two other operating segments are Credible, a U.S. consumer finance marketplace, and the FOX Studio Lot in Los Angeles. The lot spans over 50 acres with 15 sound stages and provides production services, office space and studio operations. FOX also owns an equity stake in Flutter Entertainment and holds an option to acquire 18.6% of FanDuel.

Cable networks are distributed to traditional and virtual MVPDs, such as cable, satellite and telecommunications providers, and to digital platforms, primarily in the U.S. Revenue comes from affiliate fees and advertising sales. FOX News reaches about 55 million subscribing households, and FOX Sports and FOX Entertainment programming on the FOX Network is available in virtually every U.S. market. The owned stations cover 18 Nielsen DMAs, including 15 of the 16 largest, and produce over 1,500 hours of local news weekly. Sports rights include the NFL, MLB, college football, NASCAR, INDYCAR, the Super Bowl and the FIFA Men's World Cup. FOX Entertainment Studios also produces original content for third-party streaming services such as Netflix, Amazon Prime Video and Apple TV.

The company produces much of its programming in-house and through co-production arrangements, and secures a significant portion of its marquee sports rights under long-term contracts. It competes for content, distribution, viewers and advertisers with broadcast and cable networks, direct-to-consumer streaming and on-demand services, mobile, gaming and social media platforms, audio programming, and print and other media. Fox is incorporated in Delaware, has a fiscal year ending June 30, and has its principal executive offices at 1211 Avenue of the Americas, New York. Its Class A and Class B common stock trade on the Nasdaq Global Select Market.