Analysts Lift Fox Price Targets After $5.18B Q2 Revenue Beat
Fox Corporation’s Q2 revenue rose to $5.18 billion, topping the $5.03 billion estimate, driven by broad-based advertising outperformance. Evercore raised its price target to $70 from $66 and Morgan Stanley lifted its target to $77 from $74 after strong fiscal Q2 results.
1. Q2 Financial Results
Fox Corporation reported second-quarter revenue of $5.18 billion, exceeding the $5.03 billion consensus estimate. The beat was driven by robust advertising performance, with contributions from news, sports, streaming and entertainment segments.
2. Analyst Price Target Increases
Evercore raised its price target on Fox to $70 from $66 while maintaining an In Line rating, and Morgan Stanley increased its target to $77 from $74 with an Equal Weight rating. Both moves followed a quarter characterised by meaningful advertising outperformance in a challenging pay-TV environment.
3. Strategic Momentum and CEO Commentary
CEO Lachlan Murdoch described the quarter as reflecting continued operating and financial momentum tied to Fox’s strategy across news, sports, streaming and entertainment. He highlighted broad-based portfolio contributions and strong forward commentary as drivers of confidence.