[REVISION HISTORY]

Fox-Roku deal advances amid strong earnings and scrutiny

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2026-08-13 19:55 UTC → 2026-08-18 08:16 UTC · added ~~removed~~

The Fox-Roku acquisition continues to progress toward a projected close in the first half of 2027, though it faces intensifying antitrust scrutiny. Regulators are investigating whether a combined entity owning both content and a distribution platform could engage in self-preferencing to disadvantage competitors. Roku’s operating system currently holds a significant market position, accounting for 28% of primary connected-TV usage in U.S. broadband households. Financially, both companies have shown recent strength. Fox reported quarterly earnings of $1.32 per share on $3.99 billion in revenue, beating expectations and prompting stock upgrades from analysts at Zacks Research and Citigroup. Fox’s fourth-quarter 2026 revenue rose 28% year-over-year to $4.21 billion, driven by a 78% surge in advertising revenue linked to the FIFA World Cup. This event also helped Fox’s Tubi service reach 110 million monthly users. Roku reported strong Q2 2026 results, with revenue increasing 22% year-over-year to $1.35 billion, exceeding analyst forecasts. Both advertising and subscription revenues grew, benefiting from high demand during the World Cup. The merger aims to leverage these trends by combining Fox’s news, sports, and entertainment assets with Roku’s platform, which serves over 100 million streaming households globally. The deal positions Fox as the third-largest television company in the U.S., trailing only Disney and YouTube. Following the news of the $22 billion acquisition, Roku shares reached a 52-week high of $158.51. Amidst this market activity, Roku CFO Dan Jedda sold 7,000 shares of company stock on August 17, 2026, at an average price of $157.11. The sale, totaling approximately $1.1 million, was conducted under a pre-arranged Rule 10b5-1 trading plan.

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