Fox Corporation’s (FOX) Red Seat Ventures Acquires Supercast

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.

​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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