Fox (FOXA) Faces 12.7% Revenue Decline Estimate Ahead of May 14 Earnings

Fox Corp. (NASDAQ: FOXA) is scheduled to report earnings on May 14, 2026, with Wall Street expecting revenue to fall 12.7% year over year, reversing a 26.8% gain in the comparable quarter last year. The company last quarter reported revenue of $5.18 billion, up 2% from a year earlier, beating analyst estimates for revenue, earnings per share and EBITDA. Analysts have largely maintained their forecasts over the past 30 days, indicating limited expectation changes before the report. Broadcasting peers have delivered mixed results. E.W. Scripps posted a 1.4% revenue decline in its latest quarter, in line with estimates, while Paramount reported a 2.2% revenue increase, beating estimates by 1%. Shares of E.W. Scripps fell 3.1% after results, and Paramount declined 4.1%. Fox shares are up 3.2% over the past month, compared with a 5% average gain in the segment, and trade at $62.95 versus an average analyst price target of $71.