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12:30
Aug 06 ◎

FOXA FY2026 Q4 Watch

Fox Corporation (FOXA) FY2026 Q4 Earnings Call

FIFA FOXA DIS CMCSA NFLX ▾

Lachlan Murdoch

Fox's strong World Cup performance strengthens its position for future FIFA rights negotiations.

"The success of the World Cup led Fox to top all networks in live event sports consumption in fiscal 26"

FIFA WATCH

Lachlan Murdoch

Management's tone is strongly positive, citing continued ad momentum, strong upfronts, and record subscriber growth at Fox One.

"The healthy advertising environment we saw throughout fiscal 2026 has carried into the new year culminating in one of the strongest upfronts in our history with double digit growth in volume."

FOXA WATCH

Lachlan Murdoch

Fox's decision to NOT renegotiate NFL rights prices through 2029 indicates stable content costs, which is a positive margin driver for its broadcast segment. — Avoids a major cost increase, potentially protecting Fox's sports margins and signaling a shift in NFL's negotiating power.

"we will not be making any amendments to our existing contractual relationship, which extends to the completion of the 2029 season."

DIS WATCH CMCSA WATCH

Lachlan Murdoch

Fox's decision to maintain NFL rights at current terms through 2029 avoids a costly bidding war in the near term.

"we will not be making any amendments to our existing contractual relationship, which extends to the completion of the 2029 season."

NFLX WATCH

Lachlan Murdoch

The pending acquisition is a major strategic move for both Fox and Roku to combine content with distribution platform.

"The addition of Roku to Fox will expand our digital footprint and offerings even further. Roku brings us streaming at scale"

ROKU WATCH

HIGH

12:30
May 11 ◎

FOXA FY2026 Q3 Watch

Fox Corporation (FOXA) FY2026 Q3 Earnings Call

FLUT FOXA ▾

Lachlan Murdoch

Fox reaffirmed its stake and option in Flutter/FanDuel, expressing continued bullishness on the FanDuel business with no mention of monetization.

"We retain our 2.5% equity stake in Flutter and our 18.6% option in FanDuel. We have over four years to exercise that option."

FLUT WATCH

Lachlan Murdoch

Management expressed strong confidence in the business, citing record EBITDA, robust advertising trends, outperformance at Fox One, and a healthy upfront market.

"We are very pleased with Fox One. And, you know, in almost every way, it has exceeded our expectations."

FOXA WATCH

HIGH

13:30
Feb 04 ◎

FOXA FY2026 Q2 Watch

Fox Corporation (FOXA) FY2026 Q2 Earnings Call

FLUT FOXA FOX GOOGL ▾

Lachlan Murdoch

Management reaffirms its bullish stance on Flutter, highlighting the value of its stake, implying continued growth and strategic alignment.

"we continue to be big fans of Flutter and FanDuel. Our 2.5% of Flutter is worth about $700 million."

FLUT WATCH

Lachlan Murdoch

Management expresses strong confidence in the company's trajectory, driven by robust advertising trends, resilient distribution, and momentum in streaming products like Tubi and Fox One.

"We enter the second half of our fiscal year with strong momentum and with confidence in our strategic direction. Our emphasis on live sports and news, together with the strength of Tubi and increasingly Fox One, has driven exceptional"

FOXA WATCH

Lachlan Murdoch

Fox is seeing a meaningful shift in advertiser demand towards its live sports and news platforms, with 8 of the top 10 advertising categories showing significant growth, while traditional entertainment advertising remains weak. — This reinforces Fox's strategic pivot to live content as a primary driver of ad revenue growth, highlighting a structural advantage over entertainment-focused peers.

"we would expect to be the primary beneficiary of that at Fox News. And why do we expect to be the primary beneficiary? Because Fox News is not only the number one news source for Republicans and conservatives, but it's also the number one,"

FOX WATCH

Lachlan Murdoch

Fox views YouTube's push to retain the core bundle as positive, reinforcing the value of its linear channels in the broader ecosystem.

"we should just say that we are a fan of the bundle, of the core bundle. We think consumers and sort of our consumers want to enjoy all of our content and enjoy all of our brands."

GOOGL WATCH

HIGH

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