Fox Corporation operates as a news, sports, and entertainment company in the United States (U.S.). The company operates through four segments: Cable Network Programming, Television, Credible, and The FOX Studio Lot. The Cable Network Programming segment produces and licenses news and sports content for distribution through traditional cable television systems, direct broadcast satellite operators and telecommunication companies, virtual multi-channel video programming distributors, and other digital platforms primarily in the U.S. Television segment produces, acquires, markets, and distributes programming through the FOX broadcast network, advertising supported video-on-demand service Tubi, and operates power broadcast television stations including duopolies and other digital platform; and produces content for third parties. The Credible segment engages in the consumer finance marketplace. The FOX Studio Lot segment provides television and film production services along with office space, studio operation services and includes all operations of the facility. The company was incorporated in 2018 and is headquartered in New York, New York.

Fox Corporation выглядит финансово устойчивой, но рынок уже закладывает в цену заметно улучшившееся качество бизнеса. Ликвидность сильная: current ratio 2.54 и quick ratio 2.33 значительно выше отраслевых ориентиров, а cash on hand в 4.32 млрд долларов даёт хороший запас прочности. Долговая нагрузка умеренная: debt/equity 0.61 ниже медианы, хотя абсолютный долг в 6.60 млрд и обязательства в 11.16 млрд требуют внимания. При этом маржинальность операционного уровня выглядит сильной: operating margin 17.73% выше отрасли, net profit margin 10.74% также выше, а operating income и net income остаются прибыльными и стабильными. С другой стороны, gross margin 34.99% ниже отраслевой медианы, что указывает на более слабую валовую экономику и ограничивает потенциал расширения прибыли. По динамике за последние периоды выручка колебалась, но остаётся на приемлемом уровне, а EBITDA и валовая прибыль не демонстрируют устойчивого ускорения. Оценка по прибыли выглядит не дешёвой: P/E 13.28 ниже медианы отрасли, но P/S 1.43, P/B 1.77 и P/FCF 14.01 находятся выше отраслевых ориентиров, что говорит о частичной премии за качество и устойчивость. Дивидендная доходность 0.51% снизилась по сравнению с прошлыми периодами, поэтому дивидендный фактор сейчас не является сильным драйвером переоценки. Собственный капитал вырос до 10.81 млрд долларов, что поддерживает баланс, но ROE, ROA и ROI не раскрыты, поэтому часть эффективности приходится оценивать косвенно. В сумме фундаментал скорее поддерживает умеренно позитивный взгляд, но не оправдывает агрессивного повышения цели, поскольку часть сильных сторон уже отражена в мультипликаторах. Для инвестора это история про качественный, ликвидный и прибыльный бизнес с ограниченным, но не нулевым апсайдом, где справедлива лишь осторожная корректировка прогноза.

Fox Corporation

Сильный индекс, значительно упал. Быки в растерянности.

Strong index, significantly down. The bulls are confused.

Слабый индекс, значительно упал. Рынок не поддерживает быков.

Weak index, significantly down. The market does not support the bulls.

Средний индекс, незначительно упал. Приток средств в лонги снизился, но остается положительным.

Medium index, slightly down. The inflow of funds into longs has decreased, but remains positive.

У Fox сильная ликвидность и прибыльность, но премия в P/S, P/B и P/FCF вместе со слабой валовой маржой ограничивает потенциал переоценки.

In the latest look at the underlying components of the S&P 500 ordered by largest market capitalization, Fox Corp (Symbol: FOX) has taken over the #480 spot from FactSet Research Systems Inc. (Symbol: FDS), according to The Online Investor.
Market capitalization is an important data point for investors to keep an eye on, for various reasons. The most basic reason is that it gives a true comparison of the value attributed by the stock market to a given company's stock. Many beginning investors look at one stock trading at $10 and another trading at $20 and mistakenly think the latter company is worth twice as much — that of course is a completely meaningless comparison without knowing how many shares of each company exist. But comparing market capitalization (factoring in those share counts) creates a true "apples-to-apples" comparison of the value of two stocks. In the case of Fox Corp (Symbol: FOX), the market cap is now $12.63 billion, versus FactSet Research Systems Inc. (Symbol: FDS) at $8.45 billion.
Below is a chart of Fox Corp versus FactSet Research Systems Inc. plotting their respective size rank within the S&P 500 over time (FOX plotted in blue; FDS plotted in green):
Below is a three month price history chart comparing the stock performance of FOX vs. FDS:
Another reason market capitalization is important is where it places a company in terms of its size tier in relation to peers — much like the way a mid-size sedan is typically compared to other mid-size sedans (and not SUV's). This can have a direct impact on which mutual funds and ETFs are willing to own the stock. For instance, a mutual fund that is focused solely on Large Cap stocks may for example only be interested in those companies sized $10 billion or larger. Another illustrative example is the S&P MidCap index which essentially takes the S&P 500 index and "tosses out" the biggest 100 companies so as to focus solely on the 400 smaller "up-and-comers" (which in the right environment can outperform their larger rivals). So a company's market cap, especially in relation to other companies, carries great importance, and for this reason we at The Online Investor find value to putting together these rankings daily.
Examine the full FOX market cap history vs. the full FDS market cap history.
At the closing bell, FOX is up about 1.5%, while FDS is off about 0.3% on the day Tuesday.
Further FOX Research:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fox Moves Up In Market Cap Rank, Passing FactSet Research Systems

Data is currently not available
Edit My Quotes
Add up to 25 symbols
To add symbols:
Type a symbol or company name. When the symbol you want to add appears, add it to My Quotes by selecting it and pressing Enter/Return.
Copy and paste multiple symbols separated by spaces.
These symbols will be available throughout the site during your session.
Save data
Data is currently not available
Edit My European Quotes
Add up to 25 instruments
To add instruments:
Type a instrument or company name. When the instrument you want to add appears, add it to My European Quotes by selecting it and pressing Enter/Return.
Copy and paste multiple instruments separated by spaces.
These instruments will be available throughout the site during your session.
Save data
Data is currently not available
Your symbols have been updated
You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com.
Continue
Data is currently not available
Edit Watchlist
Add up to 20 symbols
To add symbols:
Type a symbol or company name. When the symbol you want to add appears, add it to Watchlist by selecting it and pressing Enter/Return.
Copy and paste multiple symbols separated by spaces.
These symbols will be available throughout the site during your session.
Save data

Fox (FOX) Q3 2026 Earnings Call Transcript

(RTTNews) - Fox Corporation (FOXA) revealed a profit for third quarter that Drops, from the same period last year
The company's bottom line totaled $166 million, or $0.38 per share. This compares with $346 million, or $0.75 per share, last year.
Excluding items, Fox Corporation reported adjusted earnings of $570 million or $1.32 per share for the period.
The company's revenue for the period fell 8.6% to $3.994 billion from $4.371 billion last year.
Fox Corporation earnings at a glance (GAAP) :
-Earnings: $166 Mln. vs. $346 Mln. last year. -EPS: $0.38 vs. $0.75 last year. -Revenue: $3.994 Bln vs. $4.371 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Fox Corporation Bottom Line Drops In Q3

Fox Corp. Q3 26 Earnings Conference Call At 8:30 AM ET

The following companies are expected to report earnings prior to market open on 05/11/2026. Visit our Earnings Calendar for a full list of expected earnings releases.
Constellation Energy Corporation (CEG)is reporting for the quarter ending March 31, 2026. The alternative energy company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.56. This value represents a 19.63% increase compared to the same quarter last year. CEG missed the consensus earnings per share in the 3rd calendar quarter of 2025 by -2.88%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for CEG is 26.63 vs. an industry ratio of 20.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Barrick Mining Corporation (B)is reporting for the quarter ending March 31, 2026. The gold mining company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.74. This value represents a 111.43% increase compared to the same quarter last year. In the past year B has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2026 Price to Earnings ratio for B is 11.75 vs. an industry ratio of -22.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Joint Stock Company Kaspi.kz (KSPI)is reporting for the quarter ending March 31, 2026. The financial transactions company's consensus earnings per share forecast from the 1 analyst that follows the stock is $2.41. This value represents a 6.95% decrease compared to the same quarter last year. Fox Corporation (FOX)is reporting for the quarter ending March 31, 2026. The broadcast (radio/tv) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.04. This value represents a 5.45% decrease compared to the same quarter last year. In the past year FOX has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 60.78%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for FOX is 12.31 vs. an industry ratio of 112.00.
Fox Corporation (FOXA)is reporting for the quarter ending March 31, 2026. The broadcast (radio/tv) company's consensus earnings per share forecast from the 7 analysts that follow the stock is $1.02. This value represents a 7.27% decrease compared to the same quarter last year. In the past year FOXA has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 74.47%. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2026 Price to Earnings ratio for FOXA is 13.63 vs. an industry ratio of 112.00.
Mosaic Company (MOS)is reporting for the quarter ending March 31, 2026. The fertilizers company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.20. This value represents a 59.18% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MOS is 14.69 vs. an industry ratio of 14.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Kodiak Gas Services, Inc. (KGS)is reporting for the quarter ending March 31, 2026. The oil field machinery & equipment company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.54. This value represents a 28.57% increase compared to the same quarter last year. The last two quarters KGS had negative earnings surprises; the latest report they missed by -24.53%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for KGS is 30.16 vs. an industry ratio of 19.60, implying that they will have a higher earnings growth than their competitors in the same industry.
RadNet, Inc. (RDNT)is reporting for the quarter ending March 31, 2026. The medical (outpatient/home care) company's consensus earnings per share forecast from the 3 analysts that follow the stock is $-0.14. This value represents a 60.00% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2026 Price to Earnings ratio for RDNT is 92.74 vs. an industry ratio of 27.50, implying that they will have a higher earnings growth than their competitors in the same industry.
monday.com Ltd. (MNDY)is reporting for the quarter ending March 31, 2026. The internet software company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.34. This value represents a 34.62% decrease compared to the same quarter last year. MNDY missed the consensus earnings per share in the 2nd calendar quarter of 2025 by -82.35%. Zacks Investment Research reports that the 2026 Price to Earnings ratio for MNDY is 41.74 vs. an industry ratio of 29.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Liquidia Corporation (LQDA)is reporting for the quarter ending March 31, 2026. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.34. This value represents a 175.56% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 11 days. Zacks Investment Research reports that the 2026 Price to Earnings ratio for LQDA is 24.16 vs. an industry ratio of -7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
FS KKR Capital Corp. (FSK)is reporting for the quarter ending March 31, 2026. The financial services company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.44. This value represents a 32.31% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for FSK is 6.44 vs. an industry ratio of 8.80.
Seadrill Limited (SDRL)is reporting for the quarter ending March 31, 2026. The oil & gas drilling company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.10. This value represents a 56.52% increase compared to the same quarter last year. Zacks Investment Research reports that the 2026 Price to Earnings ratio for SDRL is 62.78 vs. an industry ratio of 39.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Earnings Report for May 11, 2026 : CEG, B, KSPI, FOX, FOXA, MOS, KGS, RDNT, MNDY, LQDA, FSK, SDRL

Expedia Group EXPE reported first-quarter 2026 adjusted earnings of $1.96 per share, up 386% year over year, and surpassed the Zacks Consensus Estimate by 39.01%.
Revenues rose 15% from the year-ago quarter to $3.43 billion and beat the consensus mark by 2.47%. Management highlighted that results exceeded the company’s outlook.
Expedia Group’s Segment Mix Tilts to B2B Strength
By segment, B2B remained the primary growth engine. B2B gross bookings grew 22% year over year to $10.75 billion, outpacing B2C gross bookings growth of 10% to $24.78 billion. The differential suggests Expedia Group’s partner-facing business continued to scale faster than its consumer segment.
Expedia Group, Inc. Price, Consensus and EPS Surprise
That mix also showed up in revenue performance. B2B revenues rose 25% year over year to $1.18 billion, while B2C revenues increased 8% to $2.12 billion.
Within advertising and media, Expedia Group's advertising revenues rose 13% to $197 million, and trivago’s advertising revenues jumped 47% to $125 million, adding a higher-growth layer to the overall revenue profile.
EXPE’s Booking Growth Shows Broad-Based Demand
Total gross bookings increased 13% year over year to $35.53 billion, reflecting strength across both lodging and non-lodging categories.
Lodging gross bookings climbed 13% to $25.98 billion, while non-lodging gross bookings also improved 13% to $9.55 billion, indicating healthy demand across the platform’s key travel products.
Pricing trends were supportive as well. Average daily rate booked rose 7% year over year to $228.10, and booked air tickets increased 6% to 15.7 million, helping round out a quarter that featured gains across multiple demand indicators.
Momentum in core travel demand remained intact, with booked room nights increasing 6% year over year to 113.9 million.
EXPE’s Q1 Operating Details
Profitability improved sharply in the quarter. Operating income swung to $251 million from an operating loss of $70 million in the year-ago period, supported by expense leverage and better operating efficiency.
On an adjusted basis, EBITDA increased 83% year over year to $542 million, and adjusted EBITDA margin expanded 591 basis points to 15.8%.
Direct sales and marketing expenses were $1.86 billion, representing 54.2% of revenues, up 6% year over year. However, B2C direct marketing expenses declined 7% year over year to $1.04 billion and leveraged 75 bps as a percentage of B2C gross bookings to 4.2% from 4.9%.
Overhead expenses were $627 million, representing 18.3% of revenues, up 4% year over year, while leveraging 190 bps as a percentage of revenues from 20.2% in the prior-year quarter.
Adjusted cost of revenues was $373 million, up 5% year over year, representing 10.9% of revenues, leveraging 98 bps year over year.
EXPE’s Balance Sheet & Cash Flow Details
As of March 31, 2026, cash and cash equivalents and short-term investments were $5.79 billion, up from $5.73 billion as of Dec. 31, 2025.
Long-term debt was unchanged at $4.47 billion as of March 31, 2026, compared with Dec. 31, 2025.
Cash generation was another bright spot. Net cash provided by operating activities increased 33% year over year to $3.93 billion, reflecting the company’s improved operating performance and favorable working-capital dynamics typical of the travel marketplace model.
Free cash flow climbed 36% year over year to $3.75 billion after $184 million of capital expenditures.
Capital returns accelerated. Expedia Group repurchased roughly 3.3 million shares for $700 million in the quarter and announced a new $5 billion share repurchase authorization. The board also declared a quarterly cash dividend of 48 cents per share.
EXPE’s Q2 & 2026 Guidance
Looking ahead, EXPE maintained its full-year 2026 framework while providing a solid second-quarter outlook.
The company expects gross bookings to be in the range of $32.5-$33.1 billion for the second quarter of 2026, representing growth of 7-9% year over year.
Revenues are expected to be in the band of $4.11-$4.19 billion, suggesting growth of 9-11% year over year.
Expedia Group expects second-quarter adjusted EBITDA margin expansion of 50-100 bps year over year.
For full-year 2026, Expedia Group continues to project gross bookings of $127-$129 billion, implying growth of 6-8% year over year. Revenues are still expected in the range of $15.6-$16.0 billion, indicating growth of 6-9% year over year.
Expedia Group expects adjusted EBITDA margin to expand 100-125 bps year over year for the year 2026.
EXPE’s Zacks Rank & Stocks to Consider
Expedia Group currently carries a Zacks Rank #3 (Hold).
American Public Education APEI, Fox FOX and Hasbro HAS are some better-ranked stocks that investors can consider in the broader Consumer Discretionary sector.
American Public Education sports a Zacks Rank #1 (Strong Buy) at present, while Fox and Hasbro carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Public Education is slated to announce first-quarter 2026 results on May 11. Meanwhile, Fox will report on May 11, and Hasbro is scheduled to release results on May 20.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Expedia Group Q1 Earnings & Revenues Beat Estimates, Both Increase Y/Y

Electronic Arts EA reported fourth-quarter fiscal 2026 earnings of $1.59 per share, increasing 3.2% year over year but missing the Zacks Consensus Estimate of $2.25 by 29.3%.
Revenues increased 12% year over year to $2.12 billion and beat the consensus mark of $2.00 billion.
For the fourth quarter of fiscal 2026, EA’s net bookings were $1.86 billion, up 3.6% year over year. Management highlighted Battlefield 6’s record fiscal-year performance and noted Apex Legends delivered its strongest net bookings in the fourth quarter of fiscal 2026, alongside growth across Global Football properties.
Electronic Arts Inc. Price, Consensus and EPS Surprise
Q4 Details of EA
EA’s full-game revenues (28.7% of total revenues) increased 39.4% year over year to $609 million. Full-game download revenues rose 43.9% year over year to $528 million. Packaged goods increased 15.7% year over year to $81 million.
Electronic Arts Inc. Price, Consensus and EPS Surprise
Live services and other revenues (71.3% of total revenues) increased 3.6% year over year to $1.51 billion.
By platform, console revenues increased 9.4% year over year to $1.29 billion. PC & Other revenues jumped 30.3% to $555 million (from $426 million). Mobile revenues declined 5.2% to $272 million.
EA Expands Profit Despite Higher Operating Costs
EA’s cost discipline showed up in margins even as spending increased. GAAP gross profit increased 15% year over year to $1.76 billion. Gross margin expanded 220 basis points on a year-over-year basis to 82.8%.
Operating expenses increased 5.3% year over year to $1.19 billion. As a percentage of revenues, operating expenses contracted from 59.7% in the year-ago quarter to 56.2%. Research and development climbed to $732 million, while marketing and sales rose to $254 million.
Even with these increases, operating income on a GAAP basis improved to $564 million, increased 42.8% year over year, lifting the operating margin to 26.6%.
Electronic Arts' Balance Sheet & Cash Flow
As of March 31, 2026, EA had $2.98 billion in cash and short-term investments compared with $2.9 billion as of Dec. 31, 2025.
Net cash provided by operating activities was $580 million for the quarter and $2.55 billion for the trailing 12 months. Likewise, free cash flow was $519 million for the quarter and $2.32 billion for the trailing 12 months.
Deferred net revenues tied to online-enabled games rose to $2.23 billion, reflecting the company’s ongoing exposure to live services and digitally delivered content recognition timing.
EA declared a quarterly cash dividend of 19 cents per share, payable June 17, 2026, to shareholders of record as of May 27.
Electronic Arts’ Zacks Rank & Stocks to Consider
EA currently carries a Zacks Rank #3 (Hold).
American Public Education APEI, Fox FOX and Hasbro HAS are some better-ranked stocks that investors can consider in the broader Consumer Discretionary sector.
American Public Education sports a Zacks Rank #1 (Strong Buy) at present, while Fox and Hasbro carry a Zacks Rank #2 (Buy) each at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
American Public Education is slated to announce first-quarter 2026 results on May 11. Meanwhile, Fox will report on May 11, while Hasbro is scheduled to release results on May 20.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Electronic Arts Q4 Earnings Miss Estimates, Revenues Increase Y/Y

Sirius XM Holdings SIRI stock edged up 1% after its April 30, 2026, earnings announcement, modestly outpacing the 1% drop seen across the Zacks Broadcast Radio and Television industry.
The company reported first-quarter 2026 earnings of 72 cents per share, beating the Zacks Consensus Estimate of 70 cents by 2.86%. It reported earnings of 59 cents per share in the year-ago quarter.
The company reported total revenues of $2.09 billion, up 1.1% from $2.07 billion in the year-ago quarter and beat the Zacks Consensus Estimate by 0.89%.
Subscriber revenues (77% of total revenues) increased 0.62% from the year-ago quarter’s reported figure to $1.61 billion. The figure surpassed the Zacks Consensus Estimate by 0.39%.
Sirius XM Holdings Inc. Price, Consensus and EPS Surprise
Advertisement revenues (19.5% of total revenues) increased 3.3% year over year to $407 million, surpassing the Zacks Consensus Estimate by 2.71%.
Equipment revenues (2.0% of total revenues) were flat year over year at $41 million, missing the Zacks Consensus Estimate by 3.59%.
Other revenues (1.5% of total revenues) were flat year over year at $31 million, surpassing the Zacks Consensus Estimate by 4.58%.
Sirius XM Standalone Segment’s Details
Sirius XM’s Standalone segment revenues (76.0% of total revenues) were $1.59 billion, up 1% year over year, driven by higher subscriber revenues from pricing actions.
Subscriber revenues increased 0.9% year over year to $1.48 billion, reflecting the impact of recent pricing actions, partially offset by a slightly lower average subscriber base.
Total subscriber base declined 0.3% year over year to 32.78 million.
Advertising revenues were $35 million, down 10% year over year, primarily due to softness in news channels.
Self-pay subscribers decreased 0.3% year over year to 31.23 million. Self-pay net subscriber loss in the reported quarter was 111K compared with a loss of 303K in the year-ago period. Average revenue per user amounted to $14.99, up from $14.86 year over year. Self-pay monthly churn improved to 1.5% from 1.6% in the year-ago period.
Net subscriber loss in the reported quarter was 148K compared with a net loss of 362K in the year-ago period.
Pandora & Off-Platform Details
The Pandora and Off-Platform segment continued to shoulder most of the company’s advertising mix. Segment revenues increased 3% year over year to $501 million, with advertising revenues rising 5% to $372 million, partially offset by a 2% decline in subscriber revenues to $129 million amid a smaller subscriber base.
Self-pay subscribers of Pandora ended the quarter at 5.6 million. Ad-supported listener hours were 2.22 billion in the first quarter, down 6% year over year. Advertising revenue per thousand listener hours decreased 4% year over year to $84.11.
SIRI's Q1 Operating Details
In the first quarter, total operating expenses decreased 3% year over year to $1.64 billion, primarily backed by impairment, restructuring and other costs of $6 million compared with $48 million in the prior-year period.
Profitability improved on a combination of modest top-line growth and cost control. Adjusted EBITDA increased 6% year over year to $666 million, and adjusted EBITDA margin expanded 140 basis points to 32.0%, reflecting lower customer service, product and technology, and general and administrative expenses.
Management also reiterated its 2026 focus on efficiency, noting $45 million of progress toward a targeted $100 million in incremental gross cost savings for the year. The cost program included $27 million in operating expense run-rate savings and $18 million in capital expenditure savings.
Balance Sheet & Cash Flow of SIRI
As of March 31, 2026, cash and cash equivalents were $75 million compared with $94 million as of Dec. 31, 2025, according to the company's consolidated balance sheet.
Long-term debt as of March 31, 2026, was $9.69 billion compared with $8.65 billion as of Dec. 31, 2025.
During the quarter, Sirius XM completed a $1.25 billion refinancing, retired all 2026 notes and redeemed $250 million of 2027 notes, while returning $113 million to its shareholders through $91 million in dividends and $22 million in share repurchases.
For the first quarter, cash flow from operations was $271 million compared with $242 million in the year-ago quarter.
Free cash flow totaled $171 million, more than tripling from $56 million in the prior-year period, driven by higher adjusted EBITDA and lower capital expenditures.
SIRI Reaffirms 2026 Guidance
SIRI reaffirmed its full-year 2026 outlook, projecting revenues of approximately $8.5 billion, adjusted EBITDA of approximately $2.6 billion and free cash flow of approximately $1.35 billion.
The company also reiterated its longer-term target of $1.5 billion in free cash flow in 2027, reflecting a continued focus on operational efficiency and cash flow conversion.
SIRI’s Zacks Rank & Other Stocks to Consider
SIRI currently carries a Zacks Rank #2 (Buy).
Alto Ingredients ALTO, Central Garden & Pet CENT and Fox FOX are some other top-ranked stocks that investors can consider in the broader Consumer Discretionary sector. While Alto Ingredients currently sports a Zacks Rank #1 (Strong Buy), Central Garden & Pet and Fox carry a Zacks Rank #2 each. You can see the complete list of today’s Zacks #1 Rank stocks here.
Alto Ingredients shares have surged 88.6% year to date. ALTO is set to report its first-quarter 2026 results on May 6.
Central Garden & Pet shares have gained 14.3% year to date. CENT is set to report its second-quarter fiscal 2026 results on May 6.
Fox shares have declined 12.3% year to date. FOX is set to report its third-quarter fiscal 2026 results on May 11.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Sirius XM Q1 Earnings Beat Estimates, Revenues Rise Y/Y, Stock Up

Key Points
Roku stock has recovered nicely over the past year, as the streaming pioneer has returned to profitability.
The company is expanding beyond its namesake streaming device, and a recent strategy is beginning to pay off.
We'll know more soon as Roku is scheduled to report its quarterly financial results after the market close on Thursday.
In many ways, Roku (NASDAQ: ROKU) could be described as the Rodney Dangerfield of streaming; it doesn't get any respect. However, while investors weren't looking, the growth stock got its mojo back, soaring 65% over the past year (as of this writing).
Perhaps more importantly, the company has expanded beyond its industry-leading streaming platform and implemented new growth strategies that are beginning to pay off.
Will AI create the world's first trillionaire? Our team just released a report on the one little-known company, called an "Indispensable Monopoly" providing the critical technology Nvidia and Intel both need. Continue »
Howdy, y'all
Late last year, the streaming pioneer made a calculated decision to launch a paid streaming channel, dubbed "Howdy." This subscription video-on-demand (SVOD) service debuted in August for just $2.99 per month, catering to price-sensitive customers. At the time, Roku noted that the service's library featured thousands of titles and 10,000 hours of entertainment, including programs and movies from Lionsgate, Warner Bros. Discovery, and FilmRise, as well as select Roku originals.
Skeptics immediately panned the service as just another subscription to manage and lacking in first-run movies. Now, just eight months later, that relatively modest bet appears to be paying off. Estimates suggest that Howdy has surpassed 1 million subscribers, according to a report by analytics company Antenna.
The data suggests Roku's platform was a significant driver of growth, as 23% of subscribers came via The Roku Channel, the company's ad-supported offering. Retention is also respectable, with 51% of initial viewers still subscribed after six months. For context, only 47% of premium SVOD services survive the six-month threshold. While it might not seem like much, this adds to Roku's growing advantage.
Then there's The Roku Channel -- the company's free, ad-supported streaming service. It ended 2025 with a 3% share of all TV viewership, according to Nielsen, placing it in the Top 10 among media companies and ahead of other streaming providers, including Paramount+, Comcast's Peacock, Fox's Tubi, and Warner Bros. Discovery. The Roku Channel was also ranked No. 2 on the company's platform in terms of engagement.
Just last week, Roku announced that it had surpassed 100 million streaming households worldwide. The company also commands a 55% market share of streaming devices in the U.S.
Taken together, the growth of Howdy, the ongoing success of The Roku Channel, and the company's expanding worldwide influence suggest Roku has taken all the right steps to position itself for future growth.
What the future could hold
Roku is scheduled to report its first-quarter financial results after the market close on Thursday, and the future looks bright. Management's forecast calls for revenue to grow 18% year over year to $1.2 billion, while swinging from a net loss of $27 million to a profit of $50 million. If the company delivers, this will mark the fourth consecutive quarter of profitability, a significant milestone in the company's recovery.
Wall Street is equally bullish, as analysts' consensus estimates call for revenue of $1.2 billion and adjusted earnings per share (EPS) of $0.35.
At 35 times next year's expected earnings, the stock commands a premium. However, if the company continues to deliver on its promise, Roku's current valuation could turn out to be a bargain.
For my money, Roku stock is a buy.
Should you buy stock in Roku right now?
Before you buy stock in Roku, consider this:
The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Roku wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years.
Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $497,606!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,306,846!*
Now, it’s worth noting Stock Advisor’s total average return is 985% — a market-crushing outperformance compared to 200% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors.
Danny Vena, CPA has positions in Roku. The Motley Fool has positions in and recommends Roku and Warner Bros. Discovery. The Motley Fool recommends Comcast. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Roku's Secret Weapon Is Gaining Traction and Could Be a Big Growth Driver

Investors might want to bet on Fox Corporation (FOX), as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Fox is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Fox imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .
Earnings Estimate Revisions for Fox
For the fiscal year ending June 2026, this company is expected to earn $4.59 per share, which is unchanged compared with the year-ago reported number.
Analysts have been steadily raising their estimates for Fox. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.8%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Fox to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Periodand min./max. price, $	Price change, %		Volatility, %		Volume, $
Periodand min./max. price, $	FOX	Industry	FOX	Industry	Volume, $
Yesterday 57.2 - 61.5	5.18	0.89	5.52	1.75	57.74M
Week 55.2 - 61.5	8.74	3.47	4.20	3.21	191.94M
Month 54.4 - 61.5	9.28	2.65	7.22	8.64	705.43M
3 Months 48.8 - 61.5	9.84	4.37	14.07	15.23	3.20B
6 Months 48.8 - 68.2	2.26	9.51	19.55	22.36	6.66B
Year 48.4 - 68.2	24.61	32.01	27.88	35.22	12.97B
3 years 25.8 - 68.2	117.36	4.94	44.22	72.35	22.78B
5 years 25.8 - 68.2	62.98	15.97	58.93	96.83	33.27B
All time 5.6 - 51.9	59.46	6.29	—	—	27.42B

Fox Corporation

Price and volatility history

Risk ratios