Fox (FOXA) Goldman Sachs Communacopia + Technology Conference 2026 summary
Event summary combining transcript, slides, and related documents.
Goldman Sachs Communacopia + Technology Conference 2026 summary
9 Sep, 2026Strategic priorities and growth outlook
Achieved record FY 2026 with 8% EBITDA growth to $3.9B, driven by FOX One launch, Tubi profitability, and strong Fox News and World Cup performance.
Fiscal 2027 outlook remains positive, with continued momentum in ad sales, subscriber trends, and digital growth.
Closing the $22B Roku acquisition is the top strategic priority, expected to deliver significant cost and revenue synergies.
FOX One, Tubi, and Latin America remain key focus areas for expansion and integration.
Management is confident in delivering on growth plans and leveraging momentum across businesses.
Sports rights and content portfolio
NFL partnership extended through 2029-2030, with new broadcast windows and expanded presence in Mexico.
Core sports rights include NFL, College Football, MLB (through 2028), IndyCar, and NASCAR, with renewals a strategic focus.
Disciplined approach to acquiring and renewing sports rights, with interest in future World Cup cycles.
FOX One and distribution strategy
FOX One targets cord cutters, with 97% of subscribers new to pay TV; minimal cannibalization of traditional ecosystem.
Subscriber trends exceed expectations, with sports events driving acquisition and retention.
Most acquisitions come from digital channel stores (Amazon, Roku), not bundles; self-bundling is common among users.
Distribution revenue grew 5% in Q4; multi-year renewal with Nexstar completed smoothly.
Latest events from Fox
- Board recommends against simple majority vote proposal, citing minority shareholder protections.FOXA
Proxy filing - Director elections, auditor ratification, and executive pay up for vote at the 2026 annual meeting.FOXA
Proxy filing - Record revenue and EBITDA, strong digital and sports-driven growth, Roku acquisition pending.FOXA
Q4 2026 - $25B deal forms a top-three U.S. TV and streaming platform, targeting $400M in synergies.FOXA
M&A announcement - Momentum in news, sports, and AVOD, with Tubi and FOX One fueling digital and revenue growth.FOXA
MoffettNathanson's 2026 Media, Internet & Communications Conference - Adjusted EBITDA up 11% to $954M despite lower revenue, driven by cost controls and digital growth.FOXA
Q3 2026 - Tubi's profitability, FOX One's growth, and robust ad trends highlight strong momentum.FOXA
34th Annual Media, Internet & Telecom Conference - Strong growth in news, sports, and digital platforms drives record results and future confidence.FOXA
Morgan Stanley Technology, Media & Telecom Conference 2026 - Revenue up 2% to $5.18B, net income down, Tubi surges, $1.8B buybacks, $0.28 dividend.FOXA
Q2 2026