FOX

FoxD

Nasdaq / Media & Entertainment

At close

2026-07-20

Current thesis

The pre-deal operating backdrop was constructive: FOX's May 11 release showed fiscal Q3 revenue of $3.99 billion, adjusted EPS of $1.32, and adjusted EBITDA of $954 million, with distribution growth, Tubi momentum, and a major World Cup programming window still ahead. If FOX can use Roku to deepen ad-tech and distribution control without overstraining the balance sheet, the combined story could support a higher multiple.

Posture

Defensive

Lead driver

Value

What changed

Value remains the lead driver in the composite, 7D delta -0.6.

What can break

Advertising revenue remains event-sensitive; fiscal Q3 ad revenue fell year over year largely because the prior-year quarter included the Super Bowl, highlighting tough comps and cyclical volatility. [#SEC-8K-2026-05-11]

Momentum

Value

Sentiment

Setup hits (3d)

0 · Net Neutral

AI TargetsBase $57.00 · Bull $66.00 · Bear $42.00

Data freshness

Prices

As of 2026-07-20

Fundamentals

As of 2026-07-20 • Vendor: Data Vendor v1

Scores

As of 2026-07-20 • Model: HYBRID_IC_RP

AI Memo

As of 2026-06-16 • Model: RankAlpha Sentiment Codex

Investment thesis

As of 2026-07-20

Supporting evidence

What

Grade D · Defensive

Confidence Medium · Net Neutral

Target $71.13

Why

Momentum11 · Δ7d +2.6

Value64 · Δ7d -0.6

Sentiment53 · Δ7d -10.6

So what

Weak posture (Net Neutral). Prioritize risk control and patience.

Lead driver: Value · See fundamentals

Momentum

26% active weight

Current posture

7d trendImproving

Δ7d

+2.6

Δ21d

+4.0

Value

39% active weight

Current posture

7d trendFlat

Δ7d

-0.6

Δ21d

-1.5

Sentiment

34% active weight

Current posture

7d trendSoftening

Δ7d

-10.6

Δ21d

-14.9

Why this grade

Composite grade D. Momentum 10.8 / Value 64.3 / Sentiment 52.8

Fundamentals (TTM)

As of 2026-07-20

Market Cap

$22.79B

Beta

0.52

Shares Out

419.9M

P/E (TTM)

17.0

P/S (TTM)

1.93

P/FCF (TTM)

13.33

Rev YoY

-8.6%

EPS YoY

-48.8%

Gross Margin

+34.4%

Op Margin

+17.8%

Net Debt

$2.11B

Current Ratio

2.90

As of 2026-07-20 • Updated nightlySource: Internal modelMethodology