Fox Corporation (NASDAQ:FOX) is one of the Cheap NASDAQ Stocks To Buy in 2026. On February 10, Fox Corporation (NASDAQ:FOX) announced that Red Seat Ventures, which is a division of the company, acquired Supercast. Supercast is an online platform that helps podcast creators earn money through paid subscriptions.
Management noted that the company was launched in 2019 and its top 10 users have been pulling in roughly $26 million in annual recurring revenue. Fox Corporation (NASDAQ:FOX) noted that the acquisition is expected to enhance its creator economy play as the company targets the fast-growing podcast market. The financial details of the transaction were not disclosed, and Supercast is expected to stay independent, led by its founder/CEO, Jason Sew Hoy.
That said, Fox Corporation (NASDAQ:FOX) released its fiscal Q2 2026 earnings on February 4. The company grew its quarterly revenue by 2.05% year-over-year to $5.18 billion, and surpassed expectations by $156.19 million. The EPS of $0.82 topped consensus by $0.28. Management noted the performance was driven by distribution revenue, which grew 4% year-over-year, led by a 5% increase in Cable Network Programming revenue.
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Fox Corporation (NASDAQ:FOX) operates as a news, sports, and entertainment company in the United States across its Cable Network Programming, Television, Credible, and The FOX Studio Lot segments.
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