Welcome to our dedicated page for Fox Corporation Class B news (Ticker: FOX), a resource for investors and traders seeking the latest updates and insights on Fox Corporation Class B stock.
Fox Corporation (NASDAQ: FOXA, FOX) is a leading American news, sports, and entertainment company. Operating through two segments—Cable Networks and Television—Fox Corporation's prominent brands include Fox News, Fox Business, Fox Sports, and the Fox Television Stations. The company also boasts the ad-supported streaming platform, Tubi.
The Cable Networks segment features major entities such as Fox News and Fox Business, alongside various pay-TV sports stations. Meanwhile, the Television segment encompasses the Fox broadcast network, which operates 28 owned and operated local television stations, with 18 affiliated to the Fox network. Tubi, known for its vast library of free, ad-supported streaming content, is also part of the Television segment.
Significantly, in 2019, Fox Corporation sold most of its entertainment assets to Disney, pivoting its focus primarily on live news and sports content. The Murdoch family maintains control over Fox.
Recently, Fox Corporation reported total quarterly revenues of $3.45 billion for the three months ended March 31, 2024, compared to $4.08 billion in the prior year quarter. However, the company saw a 4% increase in affiliate fee revenues, driven by a 9% growth in the Television segment and a 1% growth in Cable Network Programming. Advertising revenues were recorded at $1.24 billion, compared to $1.88 billion the previous year, which had included the Super Bowl LVII broadcast.
In terms of profitability, Fox reported a quarterly net income of $704 million, up from a net loss of $50 million in the previous year. This improvement reflects the absence of prior charges related to legal settlements at Fox News Media and a gain on USFL assets contributed to the United Football League joint venture. Adjusted net income attributable to Fox Corporation stockholders was $520 million, or $1.09 per share.
Fox Corporation continues to be a pivotal player in the media landscape, leveraging its strong brand presence and commitment to delivering engaging news and sports content. For more information, visit Fox Corporation's website.
Fox Corporation (Nasdaq: FOXA, FOX) has finalized a multi-year renewal of its distribution agreement with Verizon for its Fios TV platform. The deal ensures continued distribution of FOX's full portfolio, including FOX News Media, FOX Sports, and local TV stations in key markets such as New York and Philadelphia. Additionally, FOX Weather will be added to the Fios lineup, along with Tubi, enhancing content access for Verizon subscribers. This partnership underscores Fox's strategy to expand its content delivery and strengthen its relationship with distributors.
Fox Corporation (NASDAQ: FOXA, FOX) will present its fourth quarter and full year financial results for the fiscal year ending June 30, 2022, on August 10, 2022. The live audio webcast begins at 8:30 a.m. ET, with results released at approximately 8:00 a.m. ET. Fox continues to leverage its brands, including FOX News Media and FOX Sports, to engage audiences and maintain commercial partnerships. The webcast will be available on the investor relations website for those seeking detailed financial data and insights.
On June 28, 2022, FOX Television Stations announced its digital properties achieved significant milestones in May 2022, ranking as the leading O&O station group in Total Minutes, Unique Visitors, and Total Views. The group garnered 1.67B Total Minutes, 403M Total Views, and 54M Unique Visitors, all showing substantial month-on-month and year-on-year growth. This performance marks the 19th consecutive month of top ranking. The stations also led in social media engagement with 17.1M actions, and dominated YouTube with over 531M video views.
Fox Corporation (Nasdaq: FOXA, FOX) announced that Chief Financial Officer Steve Tomsic will participate in the Credit Suisse 24th Annual Communications Conference on June 14 at 9:30 AM Eastern (6:30 AM Pacific).
A live and archived webcast of the presentation will be available at investor.foxcorporation.com.
Fox Corporation produces news, sports, and entertainment content through well-known brands like FOX News Media and FOX Sports, leveraging its cultural relevance and commercial importance.
Fox Corporation (Nasdaq: FOXA, FOX) announces the appointment of Gabrielle Brown as Executive Vice President and Chief Investor Relations Officer, succeeding Joe Dorrego. Brown brings extensive experience from UBS and BBT Capital Management Advisors, focusing on the internet and media sectors. Dorrego will continue as Chief Operating and Chief Financial Officer of FOX News Media. Steve Tomsic, CFO, expressed confidence in Brown's ability to enhance communication with investors during an evolving industry landscape.
On May 12, 2022, Fox Corporation (Nasdaq: FOXA, FOX) announced that CEO Lachlan Murdoch will participate in the 9th Annual MoffettNathanson Media & Communications Summit on May 18 at 8:00 AM Eastern Time. A live and archived webcast of his presentation will be accessible on their investor relations website.
Fox Corporation is known for its wide range of news, sports, and entertainment content through brands like FOX News Media, FOX Sports, and Tubi, which are significant in both consumer engagement and advertising.
Fox Corporation (NASDAQ: FOXA, FOX) reported Q3 2022 revenues of $3.46 billion, reflecting a 7% increase from the previous year. Affiliate revenues rose 5%, and advertising revenues grew by 9%, driven by strong pricing at FOX News Media and growth at Tubi. However, net income fell to $290 million from $582 million year-over-year, mainly due to investment valuation changes. Adjusted EBITDA was $811 million, down from $899 million, as higher costs outpaced revenue gains. A $4 billion stock repurchase program has been authorized.
Fox Corporation (Nasdaq: FOXA, FOX) will present its third quarter fiscal 2022 financial results in a live audio webcast on May 10, 2022, starting at 8:30 a.m. ET. The results will be released earlier that day at 8:00 a.m. ET. Investors can access the live webcast and archived presentation on Fox's investor relations website. Fox Corporation operates through notable brands including FOX News Media and FOX Sports, providing compelling content critical for audience engagement and commercial partnerships.
Fox Corporation (Nasdaq: FOXA, FOX) announced that its Chief Operating Officer, John Nallen, will participate in a keynote session at the Deutsche Bank Annual Media, Internet & Telecom Conference on March 15, 2022, at approximately 8:05 AM Eastern time. A live and archived webcast of the presentation will be available on the investor.foxcorporation.com website. Fox Corporation is known for delivering compelling news, sports, and entertainment content through brands like FOX News Media and FOX Sports.
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