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Report published September 23, 2026

Fox Corp. (FOXA) F1Q27 Preview: Goldman Sachs Expects EBITDA Beat Driven by Television

Goldman Sachs · September 23, 2026

Goldman Sachs previews Fox Corp.'s F1Q27 results, forecasting an EBITDA beat of $1.41 bn versus consensus of $1.36 bn driven by strong Television advertising. Goldman Sachs remains Not Rated on FOXA shares.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

  • 1.Goldman Sachs forecasts FOXA F1Q27 EBITDA of $1.41 bn, beating Visible Alpha consensus of $1.36 bn, driven primarily by strength in the Television segment.
  • 2.Television segment EBITDA is projected at $746 mn (vs. $681 mn consensus), supported by a 54% yoy increase in ad revenue driven by FIFA World Cup broadcasts, midterm political ads, and 30% growth at Tubi.
  • 3.Cable Networks EBITDA is expected to meet consensus at $820 mn (vs. $817 mn consensus), with 8% yoy affiliate fee growth offsetting subscriber losses and 7% advertising growth led by Fox News Channel.

Table of Contents

  • Key numbers
  • Television
  • Cable Networks
  • Others
  • GS v. consensus
  • Estimate changes, price target, valuation and key risks
  • Income statement

Report data

Exhibit 1: FOXA F1Q27E current estimates v. prior estimates v. consensus — as of September 22, 2026.

MetricEstimateContext
EBITDA Forecast (GS)1.41 USD BillionGS forecast ahead of Visible Alpha consensus of $1.36 bn
Total Revenue Forecast (GS)4.40 USD BillionGS forecast ahead of consensus of $4.30 bn
Television EBITDA Forecast (GS)746 USD MillionAhead of consensus of $681 mn
Television Advertising Growth Forecast54%Year-over-year growth driven by FIFA World Cup, political ads, and Tubi
FOXA Share Price64.25 USDPrice as of September 22, 2026 close
Source: Goldman Sachs Global Investment Research; FactSet. This is a dated model snapshot, not a live forecast.

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