What move does the options market price into Fox's report?

Implied ±5.5%, either direction.

How often does Fox move more than the options market prices?

4 of the last 8 reports moved at least as far as the implied move.

FOXANasdaqTelevision Broadcasting Stations

Fox Corp (FOXA) earnings date, market-implied expected move, and options open interest by expiry

63.26

−1.25 · −1.94%

post 63.26 0.00%

Closed16:00 ET

Open64.60Volume8.5MMkt cap$26.5BP/E16.18EPS3.91Div yield0.90%

Day62.86 – 64.8720%52-wk48.13 – 75.6855%

FOXA

Fox Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±5.5%implied · report alone

8Q avg ±5.0%·×1.10·fair

59.7566.73

straddle ±7.7%

spot 63.24exp Nov 20ATM strike 65ATM straddle 5.73IV 45%

Oct 30 closereport share · term structure

Expected move

Inputs

Next report

Nov 2

before open · in 1 day

confirmedQ1 FY27

Calendar

Next report

Last report

+5.30%

vs ±5.9% implied · ×0.90

shaded = implied · ▲▼ = realized

Aug 6 '26 · confirmed

Implied vs realized

Largest filed tie

—

13F top-10 QoQ

+8.54%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

750 managers

Top fund weight

2.04%

FOXA weight · XLC

N-PORTJun 30 '26

10 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Fox (FOXA) reports on Nov 2 before open (confirmed date).

Implied vs realized

8 reports

4 of 8≥ implied

avg implied: ±4.7%
avg realized: ±5.0%

Nov 4 '24Nov 4 '24confirmed±4.9%▲+2.67%×0.55

Feb 4 '25Feb 4 '25confirmed±4.0%▲+5.18%×1.28

May 12 '25May 12 '25confirmed±4.3%▲+4.34%×1.01

Aug 5 '25Aug 5 '25confirmed±4.5%▼−3.67%×0.82

Oct 30 '25Oct 30 '25confirmed±3.9%▲+7.73%×1.97

Q2 FY26Feb 4 '26confirmed±5.4%▼−3.61%×0.67

Q3 FY26May 11 '26confirmed±5.0%▲+7.59%×1.51

Q4 FY26Aug 6 '26confirmed±5.9%▲+5.30%×0.90

quarterimplied−10%0+10%realized×

Q4 FY26±5.9%▲+5.30%×0.90

Q3 FY26±5.0%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 5 expiries · Oct 30 close

0.21OI · 5 expiries · Oct 30 closeP/C open interest · Nov 20 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

2,580+1%Nov 2019d12,068+4%

3,7450%Dec 1847d0.725,2180%0.72

7,5110%Jan 1575d0.839,082+46%0.83

2,103+1%Mar 19138d1.671,2630%1.67

37+28%Apr 16166d0.35105+18%0.35

ExpiryPutsCallsP/C

Nov 2019d2,580+1%12,068+4%0.21

Dec 1847d3,7450%5,2180%0.72

Jan 1575d7,5110%9,082+46%0.83

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±7.7%

Funds 4

XLC±0.2%

RSP±0.0%

REVS±0.0%

VTV±0.0%

Dashed = straddleMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

derived from FYQ4 FY26

16.52%derived from FYnet margin · revenue +5.46% QoQ · +28.14% YoY

Revenue$4.2B+5.46%

Gross profit$4.2B100.00%+5.46%

Operating income$971M23.05%+18.27%

Pre-tax income$921M+290.25%

Net income$696M16.52%+297.71%

Operating expenses$3.2B+2.14%

Tax$225M+268.85%

Other expense−$50M+91.45%

Derived: FY − Q1–Q3 · QE Jun 30 '26 · bars = % of revenue

Revenue flow

Intraday

15m bars

Long dash = implied range · Oct 30 close · Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mVolume ×1.63 · 20d avgSource: market data · 16:00 ET

Intraday

Event sensitivity

NFP ×2.05· ±2.6% vs ±1.3% · 9 releases

eventrelease day|move|up · n×base

NFPjobs report±2.6%5 of 9×2.05

PPIproducer prices±1.4%7 of 10×1.10

CPIconsumer prices±1.2%3 of 10×0.96

FOMCrate decision±1.2%14 of 24×0.96

CPROFcorporate profits±1.1%6 of 12×0.87

GDPgross domestic product±0.8%9 of 19×0.63

PCEpersonal income & outlays±0.8%13 of 19×0.61

Bar = avg |move| to ±3% · tick = ±1.3% avg day · ×base = |move| ÷ ±1.3% · min 6 releases

Earnings history

EPS 1.62 · consensus —

Quarter	Reported	EPS	Consensus
Q4 FY26	Aug 6 '26 · confirmed	1.62	—
Q3 FY26	May 11 '26 · confirmed	0.38	—
Q2 FY26	Feb 4 '26 · confirmed	0.52	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod