

Fox vs Formula One
US broadcaster with strong sports and news brands vs Diversified media company with sports, broadcasting, and subscriptions. Which is the better buy for your portfolio in November 2026? Plain-English answer below.
Fox Corporation commands must-carry cable news and sports rights that keep pay-TV bundles intact while Formula One has transformed itself into a global entertainment property drawing massive new audiences through the Netflix effect. Both companies monetize passionate fan bases through a combination of advertising, subscription fees, and live event economics. Fox vs Formula One pits a legacy media company's retransmission consent battles and political news ratings against a racing series' race-hosting fees, team economics, and rapidly expanding sponsorship revenue.
Fox Corporation commands must-carry cable news and sports rights that keep pay-TV bundles intact while Formula One has transformed itself into a global entertainment property drawing massive new audie...
Why It’s Moving

Fox Closes $22B Roku Acquisition Ahead of Schedule, Bolstering Streaming Dominance
- The company completed the $22 billion acquisition of Roku, integrating its open distribution platform serving over 100 million households to expand reach and monetization capabilities.
- Fiscal Q1 results beat expectations with revenue jumping 22% to $4.57 billion and EPS reaching $2.54, fueled by a 47% surge in ad sales from FIFA World Cup coverage and midterm elections.
- CEO Lachlan Murdoch addressed recent Fox News viewership declines as 'viewer fatigue' rather than structural issues, while highlighting continued growth at Tubi and new distribution gains.

Liberty Formula One Shares Face Pressure After Q3 Earnings Miss Estimates
- Quarterly earnings came in at $0.43 per share, missing the Zacks Consensus Estimate of $0.59 per share by a significant margin.
- Despite the miss against current estimates, earnings showed year-over-year improvement from $0.24 per share in the same period last year.
- Analysts are closely monitoring the company's performance relative to forecasts, with the shortfall driving negative sentiment and potential price adjustments.

Fox Closes $22B Roku Acquisition Ahead of Schedule, Bolstering Streaming Dominance
- The company completed the $22 billion acquisition of Roku, integrating its open distribution platform serving over 100 million households to expand reach and monetization capabilities.
- Fiscal Q1 results beat expectations with revenue jumping 22% to $4.57 billion and EPS reaching $2.54, fueled by a 47% surge in ad sales from FIFA World Cup coverage and midterm elections.
- CEO Lachlan Murdoch addressed recent Fox News viewership declines as 'viewer fatigue' rather than structural issues, while highlighting continued growth at Tubi and new distribution gains.

Liberty Formula One Shares Face Pressure After Q3 Earnings Miss Estimates
- Quarterly earnings came in at $0.43 per share, missing the Zacks Consensus Estimate of $0.59 per share by a significant margin.
- Despite the miss against current estimates, earnings showed year-over-year improvement from $0.24 per share in the same period last year.
- Analysts are closely monitoring the company's performance relative to forecasts, with the shortfall driving negative sentiment and potential price adjustments.
Investment Analysis

Fox
FOX
Pros
- Fox Corporation has demonstrated strong revenue and earnings growth, with a 16.6% year-on-year increase in revenue and a 50.8% rise in net income.
- The company maintains a robust balance sheet with a current ratio of 2.45 and a quick ratio of 2.26, indicating solid liquidity and financial stability.
- Fox's diversified business segments, including news, sports, entertainment, and digital platforms, provide multiple revenue streams and reduce reliance on any single market.
Considerations
- Fox's business is exposed to ongoing regulatory and political risks, particularly due to its news segment's high-profile nature and associated controversies.
- The company faces significant competition from digital streaming platforms, which could pressure its traditional cable and broadcast advertising revenues.
- Fox's reliance on advertising revenue makes it vulnerable to economic cycles and fluctuations in advertiser spending.

Formula One
FWONK
Pros
- Formula One Group controls exclusive commercial rights to the FIA Formula One World Championship, providing a unique and highly valuable global sports property.
- The Formula One brand has experienced strong international expansion, with races held across five continents and increasing global viewership.
- Liberty Media's ownership structure and strategic investments have supported Formula One's growth and modernisation, including digital and media initiatives.
Considerations
- Formula One's high valuation is reflected in a price-to-earnings ratio above 60, which may limit upside and increase sensitivity to earnings disappointments.
- The business is dependent on a small number of partners and stakeholders, including teams, promoters, and broadcasters, creating execution and negotiation risks.
- Formula One's revenue is exposed to macroeconomic factors, such as changes in sponsorship, advertising, and ticket sales, which can fluctuate with economic conditions.
Fox (FOX) Next Earnings Date
FOX Corporation has a confirmed earnings report scheduled for November 2, 2026, before market opens. This release will cover the company's financial results for the third quarter of fiscal year 2026. Investors should note that this date aligns with FOX's historical pattern of reporting quarterly results in early November.
Formula One (FWONK) Next Earnings Date
FWONK’s next earnings date is currently expected to be November 5, 2026. The report will cover the third quarter of fiscal 2026, ending September 30, 2026. The date remains an estimate until Liberty Media formally confirms its earnings-release schedule.
Fox (FOX) Next Earnings Date
FOX Corporation has a confirmed earnings report scheduled for November 2, 2026, before market opens. This release will cover the company's financial results for the third quarter of fiscal year 2026. Investors should note that this date aligns with FOX's historical pattern of reporting quarterly results in early November.
Formula One (FWONK) Next Earnings Date
FWONK’s next earnings date is currently expected to be November 5, 2026. The report will cover the third quarter of fiscal 2026, ending September 30, 2026. The date remains an estimate until Liberty Media formally confirms its earnings-release schedule.
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