Fox Corp Class B
FOX: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| t$t | LOCK|YT! | LOCK|GfQ<t^s |
Fox’s Strategy Is Paying Off Brilliantly in the Near Term, but We Have Some Longer-Term Skepticism
Business Strategy and Outlook
Fox’s strategy differs from its biggest traditional media peers, and its business has been far more resilient as a result. Although it has outperformed in the past few years, we think its dependence on the traditional pay-TV bundle for nearly all its revenue is problematic over the long term.
