Fox Corporation reports strong earnings and Roku deal progress

Fox Corporation has reported quarterly financial results that exceeded analyst expectations. The company achieved an adjusted earnings per share (EPS) of $1.79, which was 24.3 percent higher than the consensus estimate of $1.44. Revenue for the quarter reached $4.21 billion, surpassing the $3.64 billion projected by analysts.

Separately, Fox Corporation is moving forward with its $22 billion acquisition of Roku, a deal involving both cash and stock. The Chief Operating Officer of Fox Corporation confirmed that the transaction remains on track to close in the first half of 2027. The merger aims to combine Fox’s live sports channels and its streaming service, Tubi, with Roku’s reach across 100 million households.