Fox Class A

FOXA

Market cap $32.4B

Fox (FOXA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Main Street Sports Group (MSSG) possess multiple local rights across NBA, NHL and MLB, where missed rights fee payments threaten its collapse. MSSG only have until January 2026 to be acquired by DAZN, which is currently an unprofitable, debt-laden sports streaming service. Acquisition is unlikely to close in time, with existing players in the media industry benefitting from lesser competition.

Radio and television broadcast companies like FOXA, BILI and SIRI benefit from higher content consumption and steady digital viewing despite intense competition for ad revenues.

Fox Corporation remains a Buy as its streaming strategy, led by Fox One and Tubi, shows promising momentum despite lingering structural risks. FOX's dependence on both NFL rights and Fox News creates vulnerability, especially with looming NFL media rights renegotiations that could erode margins. Tubi's profitability is a positive, but general entertainment remains a minor contributor versus sports and news, limiting diversification.

Streaming's rise reshapes entertainment as Sony Group, Fox and Roku leverage owned IP, ads and platforms to capture long-term growth globally.

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Fox is Newsmax's primary rival and should remain much bigger than Newsmax by the end of the decade. Mirum Pharmaceuticals is a small drugmaker that's poised to deliver tremendous growth.

Free streaming platform Tubi, owned by Fox, reached profitability for the first time this year. It boasts 100 million monthly active users and a growing audience of millennial and Gen Z viewers.

Fox (FOXA) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Does Fox (FOXA) have what it takes to be a top stock pick for momentum investors? Let's find out.