TacticScaleWhat Fox Does & How It Makes Money (FOX)
Updated October 2026 · reflects Fox's latest reported financials
U.S. news, sports and entertainment media company behind FOX and Tubi. It earns fees from cable, satellite, telecom and streaming TV distributors that carry its news and sports channels, and sells advertising on its broadcast network, local stations and Tubi.
How Fox makes money
It earns fees from cable, satellite, telecom and streaming TV distributors that carry its news and sports channels, and sells advertising on its broadcast network, local stations and Tubi. Smaller revenue comes from licensing content to third parties, a consumer finance marketplace, and studio and office rentals.
What Fox does
Fox Corporation is a U.S. media company focused on news, sports and entertainment, incorporated in 2018 and headquartered in New York. It reports two segments. Cable Network Programming produces news and sports content and licenses it to cable and satellite operators, telecom companies, virtual pay-TV services and digital platforms. Television covers the FOX broadcast network, the free ad-supported streaming service Tubi, and a group of full-power local TV stations, some of them duopolies (two stations owned in the same market). This segment also produces content for other companies. Most of its money comes from two sources: fees paid by distributors to carry its channels, and advertising across its network, stations and Tubi. Outside those segments, it runs a consumer finance marketplace and provides TV and film production services, office space and studio facilities.
Products & services
- FOX broadcast network
- Fox News cable news
- FOX Sports
- Tubi free ad-supported streaming
- FOX-owned local TV stations
- Studio and production services
What is Fox worth?
On an owner-earnings DCF, Fox's most-likely value is about $102 versus a recent price near $56 (83% below fair value). But TacticScale only calls a stock undervalued when the price sits below its conservative no-growth floor (~$64) with a margin of safety — so the honest verdict here is “Deeply discounted.” Fair value earns its keep only at the extremes, not in the wide middle.
On the financials alone, $56 is below even the no-growth floor ($64); the market's discount — expectations and sentiment beyond the numbers — is pricing in ≈ -1.4%/yr. A bargain only if that pessimism is overdone.
Analysis, not advice. Fair value is a margin-of-safety estimate from a deterministic owner-earnings DCF, not a price target or recommendation. See the full breakdown →
Related companies
Fox (FOXA) · Fox Factory Holding (FOXF) · Nexstar Media (NXST) · Roku (ROKU) · Comcast (CMCSA)