Fox Corp Class B stock rose 2.3% in pre-open trading after the company reported fiscal fourth-quarter results that outperformed Wall Street estimates. The company reported earnings per share of $1.79, versus consensus expectations of roughly $1.41. Total revenue came in at $4.21 billion, exceeding the forecast of about $3.62 billion.
The Television division was the clear standout, producing quarterly revenue of $2.48 billion. That figure represents a 45% increase from the same quarter a year earlier, with World Cup-related advertising spending cited as the primary contributor to the outsized gain.
This latest beat continues a recent pattern for the company. Fox has exceeded Wall Street EPS estimates in each of the four prior quarters, with the average upside across those quarters being more than 40%. Ahead of the release, some analysts had expressed skepticism about a further upside surprise, pointing to a negative Earnings ESP reading, which made the magnitude of the company’s outperformance notable.
Market conditions provided little support for the move. The S&P 500 was up approximately 0.1% in early pre-market activity while the NASDAQ dipped about 0.6%, highlighting that Fox’s price increase was largely driven by company-specific news rather than broader market momentum. Other large media and broadcasting companies such as Walt Disney and Comcast were not reporting earnings on the same day, leaving Fox’s results as the primary sector-specific event during the morning session.
Taken together, the robust revenue report anchored by World Cup advertising, a decisive EPS beat, and a strong showing from the Television business combined to push Fox Corp Class B higher in pre-market trading. The move rewarded holders after a period in which the stock had pulled back notably from its 52-week high of $68.18.
Readouts and market context:
- Reported EPS: $1.79 vs. estimate of about $1.41
- Total revenue: $4.21 billion vs. estimate of roughly $3.62 billion
- Television revenue: $2.48 billion, up 45% year-over-year, driven by World Cup ad spending
- Pre-open Fox share move: +2.3%
- Broad market in early pre-market session: S&P 500 +0.1%, NASDAQ -0.6%
This report underscores a quarter in which advertising demand tied to a major sporting event materially lifted results for Fox’s Television operations and translated into meaningful upside versus consensus estimates.