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Fox: Strong Q2 Earnings Provides Some Optimism
Seeking Alpha· 2025-02-05 22:53
With over three years of finance and consulting experience, Nikola is laser focused on finding value in North American public equities that don't have a ton of hype. His professional experience includes corporate credit risk analysis, consulting for government entities, and venture capital analysis in the med-tech space. An avid golf fan, Nikola enjoys picking stocks that need a "mulligan"; a sluggish quarter that sees market sentiment trend downward doesn't scare Nikola. Nikola is not a licensed financial ...
Fox to launch subscription streaming service as shares jump on election ad surge
New York Post· 2025-02-04 17:26
Fox is planning to launch a subscription-based streaming service by the end of 2025, the media company said on Tuesday, entering the Netflix-dominated arena to tap audiences outside its mainstay cable television business.Shares of the Murdoch family-controlled company rose more than 4%, as it also reported second-quarter sales and profit above Wall Street expectations thanks to a surge in election-driven advertising on its news network.The owner of Fox News has largely sat out the streaming race between leg ...
FOX Stock Rises on Stronger-Than-Expected Results, News of Streaming Service
Investopedia· 2025-02-04 17:16
Key TakeawaysFOX shares surged Tuesday after the media giant reported better-than-expected quarterly results and announced on its earnings call that it plans to launch a streaming service by the end of the year.FOX will be televising Super Bowl LIX on its flagship channel Sunday, as well as streaming it on its ad-supported, free Tubi service.CEO Lachlan Murdoch said the company is planning to launch a direct-to-consumer streaming service by the end of 2025. FOX (FOX) shares surged Tuesday after the media gi ...
Fox (FOXA) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-02-04 16:00
Fox (FOXA) reported $5.08 billion in revenue for the quarter ended December 2024, representing a year-over-year increase of 19.9%. EPS of $0.96 for the same period compares to $0.34 a year ago.The reported revenue represents a surprise of +3.92% over the Zacks Consensus Estimate of $4.89 billion. With the consensus EPS estimate being $0.65, the EPS surprise was +47.69%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...
Fox (FOXA) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-02-04 15:11
Fox (FOXA) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 47.69%. A quarter ago, it was expected that this TV broadcasting company would post earnings of $1.12 per share when it actually produced earnings of $1.45, delivering a surprise of 29.46%.Over the last four quarters, the comp ...
Fox(FOX) - 2025 Q2 - Quarterly Report
2025-02-04 14:19
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 For the quarterly period ended December 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38776 FOX CORPORATION FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (I.R.S. Employer Identification No.) 1211 Avenue of the Americas New York, New York ...
Fox reveals plans to launch subscription streaming service this year
CNBC· 2025-02-04 14:08
A Fox Sports television camera during a game between the Utah Utes and the USC Trojans at the Los Angeles Memorial Coliseum in Los Angeles on Oct. 21, 2023.Fox Corp. is finally getting into the direct-to-consumer streaming game.The company known for its news and sports TV content said Tuesday it's aiming to launch a subscription streaming service by the end of the year.The streaming service is not meant to upend Fox's place in the traditional bundle, said CEO Lachlan Murdoch on the company's quarterly earni ...
Fox(FOX) - 2025 Q2 - Quarterly Results
2025-02-04 13:04
Exhibit 99.1 EARNINGS RELEASE FOR THE QUARTER ENDED DECEMBER 31, 2024 FOX REPORTS SECOND QUARTER FISCAL 2025 REVENUES OF $5.08 BILLION, NET INCOME OF $388 MILLION, AND ADJUSTED EBITDA OF $781 MILLION NEW YORK, NY, February 4, 2025 – Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended December 31, 2024. The Company reported total quarterly revenues of $5.08 billion, an increase of $844 million or 20% from the amount reported in the prior yea ...
FOX REPORTS SECOND QUARTER FISCAL 2025 REVENUES OF $5.08 BILLION, NET INCOME OF $388 MILLION, AND ADJUSTED EBITDA OF $781 MILLION
Prnewswire· 2025-02-04 13:00
NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended December 31, 2024.The Company reported total quarterly revenues of $5.08 billion, an increase of $844 million or 20% from the amount reported in the prior year quarter. Affiliate fee revenues increased 6%, driven by 9% growth at the Television segment and 4% growth at the Cable Network Programming segment. Advertising revenues increased 21%, primarily ...
The Super Bowl will stream for free on Tubi, a big move for Fox's streaming strategy
CNBC· 2025-02-04 11:00
In this articleFOXFFOXAGetty ImagesThe last time Fox Corp. aired the Super Bowl, it featured buzzy commercials about its streaming service, Tubi.This year, the broadcaster is taking a bigger leap with the free, ad-supported streamer. It's offering football's biggest game on the service, too."This time it's less about shocking viewers and more about being in our credibility era — being a streamer that has the chops to stream the Super Bowl," said Nicole Parlapiano, Tubi's chief marketing officer.Tubi will of ...