Fox Corp Q4 earnings expected to rise 9% on World Cup-driven ad surge and streaming growth

Fox Corp is projected to report a 9% increase in fiscal Q4 EBITDA to about $1.02 billion, boosted by strong World Cup viewership, rising news ratings, and growth at its streaming service Tubi. Advertising revenue is expected to jump 31% year-over-year, largely due to World Cup-related demand, with about $500 million in World Cup ad revenue anticipated across Q4 and Q1. Distribution revenue should grow modestly by 3.1%, while cable segment advertising and distribution revenues also show gains. UBS analysts remain positive on Fox's outlook, citing potential earnings growth and benefits from a Roku deal, though a possible NFL rights fee increase could pose a future EBITDA challenge.