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Sentiment · FY2026 Q3
What companies say about each other on earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“it's probably similar to Fox's relationship with the NFL is the anchor of their flywheel is really their reach and the anchor of their reach is really the reach of both CBS and Fox on Sunday afternoons.”
Paramount frames Fox as a fellow NFL Sunday broadcaster relying on regionalized reach, a peer/competitor read-through on Fox's NFL relationship.
“even bundling with others like FOX launching their own sports offering, for instance, is that an opportunity for you to bundle other sports offerings in the market and consolidate streaming more broadly?”
An analyst raised FOX's own sports streaming launch as a potential bundling partner or competitor; Iger acknowledged ongoing discussions with other companies about bundling sports offerings without confirming FOX specifically.
“we had the launch of the new ESPN app, FOX One, as well as Hulu now included for free.”
Fox's FOX One streaming app is now included in Spectrum video packages, a positive programmer partnership read-through for Fox.
“And together with Fox, our inclusion offer will then be essentially complete.”
Fox's programming app is being folded into Charter's seamless entertainment bundle, completing its roster of included streaming partners.
“2 additional media partners, FOX Nation and the CW network”
PBR added FOX Nation (Fox Corporation) as a new media partner for its Camping World Team series.
“we have some large players like Spotify and Fox that are integrating right now”
Fox is named as one of the large publishers integrating with OpenPath, Trade Desk's supply-chain transparency product, signaling growing publisher-side adoption of Trade Desk's tools.
“our option of 18.6% in FanDuel remains worth about $2.1 billion.”
Fox values its option for an 18.6% stake in FanDuel at about $2.1 billion, underscoring FanDuel's valuation and Fox's optionality in US sports wagering.
“Our two and a half percent of Flutter is worth about $700 million.”
Fox holds a ~2.5% stake in Flutter worth about $700 million, signaling the value Fox ascribes to its sports-betting equity holdings.
“YouTube post this football season is offering a discounted bundle for the all traditional channels.”
Fox describes YouTube TV (Alphabet) as a distribution partner rolling out discounted and skinny bundles carrying Fox channels, a read-through on YouTube TV's bundling strategy.
“These will build upon the strong momentum we have achieved with our groundbreaking Amazon Prime channels partnership.”
Fox credits Amazon's Prime channels partnership as a major driver of FOX One subscriber acquisition, praising Amazon's distribution support.
“we launched 2 FOX One bundled partners earlier this month, ESPN and Verizon.”
Verizon is a FOX One bundle distribution partner, expanding the streaming service's reach.
“we launched 2 FOX One bundled partners earlier this month, ESPN and Verizon.”
Fox launched a FOX One streaming bundle partnership with Disney's ESPN, a distribution read-through for ESPN's DTC ambitions.
“So in P2+ in total day, I think we're up to 64% of our cable news audience share versus MSNBC at 21%, CNN at 15%.”
FOX News highlights its cable-news audience share (64%) growing relative to CNN (15%), implying CNN's competitive position weakened as FOX extended its lead.
“So in P2+ in total day, I think we're up to 64% of our cable news audience share versus MSNBC at 21%, CNN at 15%.”
FOX News highlights its cable-news audience share (64%) growing relative to MSNBC (21%), implying MSNBC's competitive position weakened as FOX extended its lead.
“very recently, you would have noticed we acquired Caliente TV, which gives us a running start -- or a really fast start in terms of -- it's already got an SVOD platform there and already has distribution arrangements.”
FOX management notes Caliente TV already has an SVOD platform and distribution arrangements in place, giving FOX a fast start in the LatAm streaming market with expected investment spend before monetization ramps.
“we're very excited about our purchase of Caliente TV, our streaming service in Mexico”
FOX acquired Caliente TV, a Mexican streaming service, to expand its LatAm footprint with a modest incremental investment spend.
“that's higher than Roku, it's higher than Pluto, it's higher than Freebie Max, Paramount Plus or Peacock.”
Fox says Tubi's 65% cord-never audience share exceeds that of streaming competitors including Roku, Pluto TV, Paramount+ and Peacock, framing Tubi as uniquely positioned to reach cordless viewers.
“What Disney has announced they will -- or indicated to us that they will vacate, is there office space on the lock that is not connected to production and that represents less than a third of the office space on the Fox Lot.”
Disney, a tenant on the Fox Lot in Century City, indicated it will vacate non-production office space (under a third of its footprint there); Fox says the highly valuable real estate should backfill easily.
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Mike Morris | Guggenheim | 13 (0%) |
| Mike Ng | Goldman Sachs | 11 (0%) |
| Jessica Reif Ehrlich | Bank of America | 10 (10%) |
| John Hodulik | UBS | 10 (0%) |
| Steve Cahall | Wells Fargo | 6 (17%) |
| Rob Fishman | MoffettNathanson | 6 (0%) |
| Ben Swinburne | Morgan Stanley | 5 (0%) |
| Tom Yeh | Morgan Stanley | 3 (0%) |
| Sean Diffley | Morgan Stanley | 2 (0%) |
| Bryan Kraft | Deutsche Bank | 2 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Guggenheim | 1 | 13 (0%) |
| Goldman Sachs | 1 | 11 (0%) |
| Morgan Stanley | 3 | 10 (0%) |
| UBS | 1 |
| 10 (0%) |
| Bank of America | 1 | 10 (10%) |
| Wells Fargo | 1 | 6 (17%) |
| MoffettNathanson | 1 | 6 (0%) |
| Deutsche Bank | 1 | 2 (0%) |
Fox delivered revenue growth of 4.6% with EPS up 11.4% as the company moved past the political cycle comparisons and Fox One subscriber additions accelerated to 4.8 million. Tubi grew 30% and reached 95 million MAUs while maintaining profitability, and cable affiliate revenue grew 1.5% despite industry trends. Management maintained its record EBITDA guidance and highlighted FIFA World Cup pre-sold advertising as 'significantly exceeding' Super Bowl levels.
Revenue Growth | Competitive Dynamics | Subscriber Growth | Demand | Pricing | Margin | Capital Allocation | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2025Q1 | 4 | 3 | 2 | 2 | 2 | 1 | 1 | |
| 2025Q2 | 1 | 2 | 4 | 2 | 2 | 2 | 2 | |
| 2025Q3 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 1 |
| 2025Q4 | 3 | 3 | 2 | 2 | 2 | 1 | 2 | |
| 2026Q1 | 1 | 1 | 3 | 1 | 2 | 3 | 2 | 2 |
| 2026Q2 | 2 | 2 | 3 | 4 | 2 | 2 | 1 | 1 |
| 2026Q3 | 3 | 4 | 2 | 1 | 1 | 1 | 1 |
| '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | '26Q2 | '26Q3 | |
|---|---|---|---|---|---|---|---|
| Revenue Growth | 4 | 1 | 2 | 3 | 1 | 2 | 3 |
| Competitive Dynamics | 3 | 2 | 1 | 3 | 1 | 2 | 4 |
| Subscriber Growth | 2 | 4 | 1 | 3 | 3 | 2 | |
| Demand | 2 | 2 | 1 | 2 | 1 | 4 | 1 |
| Pricing | 2 | 2 | 2 | 2 | 2 | 2 | 1 |
| Margin | 1 | 2 | 3 | 2 | 3 | 2 | |
| Capital Allocation | 1 | 3 | 1 | 2 | 1 | 1 | |
| Capex Investment | 2 | 1 | 2 | 2 | 1 | 1 |
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
FOX Fox Corporation (Class B) | 5 | -8.6% | |
| DIS The Walt Disney Company | 7 | +6.5% | |
| LYV Live Nation Entertainment | 7 | +12.2% | |
| NFLX Netflix, Inc. | 8 | +16.2% | |
| NWS News Corp (Class B) | 7 | +8.8% | |
| PSKY Paramount Skydance Corp | 6 | +2.2% | |
| TKO TKO Group Holdings | 8 | +25.9% | |
| WBD Warner Bros. Discovery | 4 | -0.8% |