Stratrix
Competitors · Fox

Who are Fox’s competitors?

Fox names 23 companies as competitors in its latest annual report, on 5 fronts.

Skip to the field, head to head ↓Fox company profile

Competitors it names2310-K for fiscal 2026
Companies that name it0in their own annual reports
Revenue, FY to Jun 2026$17.1B+5% on a year
Net margin10%Apple 27% · Alphabet (Google) 33%
Stratrix’s Take

Fox names 23 competitors in five groups, and only one group holds the giants

Fox names 23 competitors, and four of the five groups are rivals for the same thing: viewers' hours. Fox says "ABC, NBC and CBS each broadcast a significantly greater number of hours of programming than the FOX Network". Cable sports networks, league-owned networks and conference networks fight over the same sports schedule. These are rivals Fox can measure by the clock.

The fifth group is different. It includes YouTube, Apple TV and Netflix, which sit inside companies with far larger revenue. Fox earned $17.1 billion, grew 5% and kept a 10% net margin. Apple earned $416.2 billion, grew 6% and kept 27%. Alphabet earned $402.8 billion, grew 15% and kept 33%. Netflix earned $45.2 billion, grew 16% and kept 24%. Fox is smaller, slower and thinner-margined than all three.

So the idea to repeat: Fox has two kinds of rivals. One kind competes for the hour, and the other can fund the hour from somewhere else. The first kind is a contest over schedules. The second is a contest over who can afford to keep playing.

The fronts

Where Fox says it competes

Major broadcast networks with greater airtime
ABCNBCCBS
“ABC, NBC and CBS each broadcast a significantly greater number of hours of programming than the FOX Network”
In its own words · 10-K for fiscal 2026
National cable sports networks
ESPNESPN2TNTTBSUSA NetworkCBS Sports NetworkThe CW Network
“national cable networks ESPN, ESPN2, TNT, TBS, USA Network, CBS Sports Network and The CW Network”
In its own words · 10-K for fiscal 2026
League-owned networks
NFL NetworkNHL NetworkNBA TVMLB Network
“league-owned networks such as NFL Network, NHL Network, NBA TV and MLB Network”
In its own words · 10-K for fiscal 2026
Collegiate conference-specific networks
SEC NetworkACC Network
“collegiate conference-specific networks such as the SEC Network and ACC Network”
In its own words · 10-K for fiscal 2026
Direct-to-consumer streaming services
ESPNYouTubePeacockAmazon Prime VideoNetflixApple TVParamount+HBO Max
“direct-to-consumer streaming services such as ESPN, YouTube, Peacock, Amazon Prime Video, Netflix, 7 Apple TV, Paramount+ and HBO Max”
In its own words · 10-K for fiscal 2026
Head to head

The field, from the filings

CompanyFiscal yearRevenueGrowthNet marginEmployees
FoxFY to Jun 2026$17.1B+5%10%10,550
AppleFY to Sep 2025$416.2B+6%27%166,000
Alphabet (Google)2025$402.8B+15%33%190,820
Netflix2025$45.2B+16%24%16,000

Each company’s latest fiscal year as reported to the SEC, in US dollars; fiscal years end in different months. Rivals that report outside the US or in other currencies are not shown.

The moves

What the rivals have done lately

NetflixCut roughly 1,000 jobs (2026-10)

The full layoff history

Decisions that shaped the field

Apple Switched Off Blood-Oxygen on the Apple Watch Rather Than License Masimo's Patents2024Never undone
Everyone Photocopied Netflix's Culture Deck. Almost No One Can Run It.2024Held in part
Questions

Asked about Fox’s competitors

Who are Fox's competitors?

In its annual report for fiscal 2026, Fox names 23 competitors across 5 fronts: major broadcast networks with greater airtime, national cable sports networks, league-owned networks, collegiate conference-specific networks and direct-to-consumer streaming services. 10-K for fiscal 2026

How does Fox compare with its rivals?

Fox reported $17.1B in revenue in its latest fiscal year, +5% on a year, with a 10% net margin. Apple: $416.2B, 27% net margin; Alphabet (Google): $402.8B, 33% net margin.

What are the alternatives to Fox?

The companies Fox itself names as competitors are listed above, front by front, each in its own report’s words. Which matters for a given buyer depends on the job, not the list.

What would it cost a challenger to take your customer?

What would it actually cost a challenger to take your customer?

See the pack →

Sources: Fox’s annual report for fiscal 2026; the annual reports of the companies that name it; each company’s financial data as reported to the SEC; Stratrix Decision Records. Analysis and data, not advice.

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