UBS raises Fox Corp Q4 EBITDA estimate to $1.02 billion on World Cup boost
UBS lifted its fiscal fourth-quarter EBITDA forecast for Fox Corp (NASDAQ:FOXA) to $1.02 billion, up 9% year-over-year and above the $975 million consensus, citing World Cup advertising, improving news ratings, and Tubi momentum.
UBS raised its fiscal fourth-quarter earnings estimate for Fox Corp (NASDAQ:), forecasting EBITDA of approximately $1.02 billion, up 9% from a year earlier, ahead of the company's upcoming earnings report [1]. The revised figure exceeds UBS's prior estimate of $1 billion and the Visible Alpha consensus estimate of $975 million [1].
The upgrade reflects three drivers: robust World Cup viewership, improving ratings at Fox's news properties, and continued momentum at streaming platform Tubi [1]. World Cup advertising revenue is expected to provide a material tailwind, while Tubi's subscriber growth and engagement metrics have outpaced UBS's earlier assumptions.
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