Fox(FOX)
Search documents
Fox Corp. Keeps Rolling In Fall Quarter Despite Lack Of Political Ads, Delivering Better-Than-Expected Revenue
Deadline· 2026-02-04 13:32
Core Insights - Fox Corp. exceeded revenue expectations for the October-to-December quarter, reporting total revenue of $5.18 billion, a 2% increase from the previous year [1] - Earnings per share were reported at 52 cents, matching Wall Street expectations, with an adjusted figure of 81 cents [1] Revenue Breakdown - Advertising revenue increased by 1%, supported by higher pricing in sports and news, despite challenges from the upcoming presidential cycle [2] - Distribution revenue rose by 4%, primarily due to a 5% growth in the Cable Network Programming unit [2] - Television division revenue slightly decreased to $2.937 billion, a notable decline given the typical strength of the fall quarter [3] Expense and Profitability Analysis - EBITDA in the Television division fell to $143 million from $205 million in the prior year, attributed to higher expenses related to sports programming rights and production costs [5] - Distribution revenues saw a modest increase of 1%, driven by higher average rates at owned television stations and increased fees from third-party affiliates [4] Management Commentary - CEO Lachlan Murdoch emphasized that the results reflect a differentiated strategy and high-quality execution, showcasing the strength of the company's leadership brands across various sectors [6]
Pinnacle Hires San Diego Torrey Hills Capital for Investor Relations and Grants Incentive Stock Options
Thenewswire· 2026-02-04 13:30
Core Insights - Pinnacle Silver and Gold Corp. has signed a one-year contract with San Diego Torrey Hills Capital for investor relations services, effective February 1, 2026 [1] - The company will pay SDTHC US$2,000 per month and grant 300,000 three-year incentive stock options, which will vest over a year [1] - Additionally, Pinnacle is granting 2,170,000 incentive stock options to directors, officers, and consultants, with an exercise price of $0.20 [2] Company Overview - Pinnacle is focused on developing precious metals projects in the Americas, including the Potrero gold-silver project in Mexico and the Argosy Gold Mine in Ontario [3] - The Potrero project features an underexplored low-sulphidation epithermal vein system, indicating potential for near-term production [3] - The company is committed to building long-term, sustainable value for shareholders through its quality projects and experienced management team [3]
Fox Revenue Climbs on Growth in Cable, Advertising
WSJ· 2026-02-04 13:09
Group 1 - The company recorded higher revenue in the fiscal second quarter [1] - Growth in the cable segment contributed positively to revenue [1] - Higher advertising revenue offset a slight decline in the television segment [1]
Fox beats estimates for quarterly revenue
Reuters· 2026-02-04 13:05
Core Insights - Fox Corp exceeded Wall Street revenue expectations for the quarter, driven by strong advertising demand in its news and sports networks, as well as growth in its ad-supported streaming service Tubi [1] Group 1 - The company reported higher quarterly revenue, indicating robust performance in its advertising segments [1] - Advertising demand at Fox's news and sports networks contributed significantly to the revenue growth [1] - The ad-supported streaming service Tubi also experienced growth, further enhancing the company's overall revenue performance [1]
Fox(FOX) - 2026 Q2 - Quarterly Results
2026-02-04 13:03
Financial Performance - Total quarterly revenues were $5.18 billion, an increase of $104 million or 2% from the prior year quarter[3]. - Quarterly net income was $247 million, down from $388 million in the prior year quarter, with adjusted net income of $360 million compared to $442 million a year ago[4]. - Adjusted EBITDA for the quarter was $692 million, a decrease of $89 million or 11% from $781 million reported in the prior year quarter[4]. - Revenues for the three months ended December 31, 2025, were $5,182 million, a slight increase from $5,078 million in the same period of 2024, representing a growth of 2%[21]. - Net income attributable to Fox Corporation stockholders for the six months ended December 31, 2025, was $828 million, down from $1,200 million in 2024, reflecting a decrease of 31%[21]. - Adjusted EBITDA for the three months ended December 31, 2025, was $692 million, compared to $781 million in the same period of 2024, indicating a decline of 11%[34]. Revenue Breakdown - Distribution revenues increased by 4% to $2.00 billion, driven by a 5% growth in the Cable Network Programming segment[3]. - Advertising revenues rose by 1% to $2.46 billion, supported by higher sports and news pricing, and digital growth from the Tubi AVOD service[3]. - Cable Network Programming segment revenues were $2.28 billion, an increase of $110 million or 5% from the prior year quarter[8]. - Television segment revenues were $2.94 billion, slightly down from $2.96 billion in the prior year quarter[12]. Shareholder Returns - The company declared a dividend of $0.28 per Class A and Class B share, payable on March 25, 2026[15]. - As of December 31, 2025, the company repurchased approximately $6.6 billion of Class A common stock and $1.8 billion of Class B common stock, with a remaining authorization of $3.6 billion[16]. - The company repurchased shares worth $1,800 million during the six months ended December 31, 2025, compared to $500 million in the same period of 2024, indicating a significant increase in share buybacks[25]. Cash Flow and Assets - Cash and cash equivalents decreased to $2,017 million at the end of December 2025, from $5,351 million at the beginning of the year, a decline of 62%[25]. - Net cash used in operating activities for the six months ended December 31, 2025, was $(799) million, compared to $(204) million in 2024, showing a worsening cash flow situation[25]. - Total assets as of December 31, 2025, were $21,471 million, down from $23,195 million as of June 30, 2025, a decrease of 7%[23]. - Operating expenses for the six months ended December 31, 2025, were $5,979 million, an increase from $5,794 million in 2024, reflecting a rise of 3%[21]. Restructuring and Impairment - The company reported a restructuring and impairment expense of $14 million for the three months ended December 31, 2025, significantly lower than $170 million in the same period of 2024[29]. Strategic Focus - The company continues to focus on digital growth and enhancing its content offerings to drive future revenue growth[3]. Share Count - The weighted average shares outstanding for the three months ended December 31, 2025, were 441 million, down from 462 million in 2024, a decrease of 5%[21].
BUILD-A-BEAR "AFTER DARK" TURNS UP THE RIZZ THIS VALENTINE'S DAY WITH DEBUT OF SILVER FOX
Prnewswire· 2026-02-03 16:39
Continue Reading Explore the new plush collection gift sets on the brand's 18+ Bear Cave microsite, tapping into BookTok romantasy and modern charm culture ST. LOUIS, Feb. 3, 2026 /PRNewswire/ -- This Valentine's Day, age isn't just a number — it's an asset, especially when it comes with silver fur. Build-A-Bear Workshop, the iconic retail brand known for "adding a little more heart to life," is debuting the Silver Fox plush as the newest addition to its After Dark collection, available exclusively online t ...
Unveiling Fox (FOXA) Q2 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2026-02-03 15:21
Core Viewpoint - Analysts forecast that Fox (FOXA) will report quarterly earnings of $0.47 per share, indicating a year-over-year decline of 51% and revenues of $5.06 billion, a decrease of 0.4% compared to the previous year [1] Revenue Estimates - Analysts predict 'Revenues by Component- Advertising' to reach $2.30 billion, reflecting a year-over-year change of -5.1% [3] - 'Revenues by Component- Distribution' is expected to be $1.95 billion, indicating a year-over-year increase of +2.5% [4] - 'Segment Revenues- Television' is projected at $2.87 billion, showing a decline of -3.1% year over year [4] - 'Segment Revenues- Cable Network Programming' is estimated to reach $2.18 billion, with a year-over-year change of +0.8% [4] - 'Revenues by Component- Other' is expected to be $816.35 million, indicating a year-over-year increase of +8% [5] - 'Revenues- Television- Advertising' is forecasted at $1.88 billion, reflecting a decrease of -4.3% from the previous year [6] - 'Revenues- Cable Network Programming- Distribution' is projected to reach $1.13 billion, suggesting a year-over-year increase of +4.8% [7] EBITDA Estimates - Analysts suggest that 'Segment EBITDA- Cable Network Programming' will likely reach $555.18 million, down from $657.00 million reported in the same quarter last year [8] Stock Performance - Fox shares have decreased by -4.4% over the past month, contrasting with the Zacks S&P 500 composite's increase of +1.8% [8] - Fox has a Zacks Rank 2 (Buy), indicating expectations to outperform the overall market in the near term [8]
Fox Corporation Executives to Discuss Second Quarter Fiscal 2026 Financial Results Via Webcast
Prnewswire· 2026-01-21 17:00
Group 1 - Fox Corporation will discuss its second quarter fiscal 2026 financial results via a live audio webcast on February 4, 2026, at 8:30 a.m. ET / 5:30 a.m. PT [1] - The financial results will be released at approximately 8:00 a.m. ET / 5:00 a.m. PT on the same day [1] - An archived version of the webcast will be available on the company's investor relations website [1] Group 2 - Fox Corporation produces and distributes news, sports, and entertainment content through brands such as FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment, and FOX Television Stations [2] - The company holds cultural significance with consumers and commercial importance for distributors and advertisers [2] - Fox Corporation aims to leverage its strengths and invest in new initiatives to enhance its offerings and consumer relationships [2]
California American Water Invests $6 Million in Antelope Community Water Quality with Fox Park Well Treatment Plant
Prnewswire· 2026-01-21 14:45
Core Insights - California American Water is investing $6 million to construct a new treatment plant for the Fox Park Well in Antelope, California, to meet updated state drinking water standards for hexavalent chromium (CrVI) [1][2] - The new facility will utilize advanced treatment technology to ensure compliance with California's drinking water standard of 10 micrograms of CrVI per liter [1][2] - The project is part of a broader initiative to improve water quality across Northern California, with upgrades also planned for other treatment plants [3] Company Commitment - The investment reflects California American Water's commitment to providing safe, clean, and reliable water to the communities it serves [2][4] - The Fox Park Well Treatment Project is aimed at protecting community health and building trust with customers [4] - Construction is expected to continue through 2027, ensuring long-term reliability for Antelope customers [4] Company Overview - American Water is the largest regulated water and wastewater utility company in the United States, serving over 14 million people across 14 states [5] - California American Water, a subsidiary of American Water, provides services to approximately 750,000 people [7]
Fox Went All In on Live Programming. It's Paying Off.
WSJ· 2026-01-16 22:37
Core Insights - Major brands are returning to Fox News, which has positively impacted the stock prices of its parent company, indicating a validation of contrarian investment strategies in the entertainment sector [1] Group 1 - The return of big brands to Fox News is contributing to a significant increase in the shares of its parent company [1] - This trend suggests a shift in market sentiment towards the future of entertainment, countering previous skepticism [1]