Welcome to our dedicated page for Fox news (Ticker: FOX), a resource for investors and traders seeking the latest updates and insights on Fox stock.
Fox Corporation (NASDAQ: FOX) is a media company focused on news, sports, and entertainment content, and its news flow reflects activity across these areas. The company describes its primary domestic brands as FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations, and these operations generate a steady stream of corporate announcements, financial updates, and partnership news.
On this page, readers can follow Fox Corporation news such as quarterly earnings releases, segment performance commentary, and details on advertising, distribution, and content-related revenues. For example, Fox has reported financial results that break out revenues and Adjusted EBITDA by Cable Network Programming, Television, and Corporate and Other, and has discussed how digital growth led by the Tubi AVOD service, news pricing, and sports pricing and ratings affect advertising revenues.
Fox Corporation’s news also covers capital markets activity and shareholder-related developments. Recent press releases have addressed an accelerated share repurchase transaction under the company’s stock repurchase program, as well as secondary offerings of Class B common stock by trusts established for the benefit of certain members of the Murdoch family. The company has emphasized that it is not selling shares in those offerings and does not receive proceeds from them.
In addition, Fox highlights strategic and operational updates tied to its digital and streaming strategy. Tubi Media Group, a division of Fox Corporation, has announced multi-year agreements such as an exclusive distribution and advertising sales partnership with Audiochuck for top-rated true crime podcasts, including the development of a Crime Junkie FAST channel and on-demand video podcast collections across Tubi, FOX One, and third-party platforms.
Investors and observers can also find announcements about Fox executives’ participation in investor conferences and webcasts discussing financial results. Together, these items provide insight into Fox Corporation’s financial performance, digital initiatives, partnerships, and governance-related events.
Tubi, Fox Corporation's ad-supported video-on-demand service, made its debut on Nielsen's The Gauge, achieving 1% of total TV viewing minutes in February 2023. This milestone positions Tubi as the most watched FAST service in the U.S. According to Chief Revenue Officer Mark Rotblat, the achievement validates Tubi's capacity to attract significant viewership through effective personalization. Additionally, Tubi's lightweight ad load and tools for advertisers offer significant advantages as they invest in a fully addressable audience.
Tubi boasts over 50,000 movies and TV shows, including Tubi Originals, and is accessible on various platforms, making it a compelling choice for viewers.
Tubi, an ad-supported video-on-demand service under Fox Corporation (NASDAQ: FOXA, FOX), will host its inaugural Tubi Connect conference for advertisers on March 23, 2023, in New York City. The event aims to provide insights into Tubi's growth trajectory and its strategy to connect diverse audiences with brand partners.
Highlighting record growth, Tubi reported a 44% increase in total viewing time year-over-year, with over 5 billion hours streamed in 2022 and 64 million active users. The conference will feature Tubi executives and discussions on effective advertising strategies.
Fox Corporation (NASDAQ: FOXA) announced that Executive Chair and CEO Lachlan Murdoch will participate in the Morgan Stanley 2023 Technology, Media & Telecom Conference on March 9, scheduled for 9:10 AM Pacific / 12:10 PM Eastern. A live and archived webcast of this presentation will be available on the Fox Corporation investor website. Fox Corporation is known for its prominent brands, including FOX News Media, FOX Sports, and FOX Entertainment, delivering significant content in news, sports, and entertainment while maintaining a robust media presence.
Tubi, Fox Corporation's ad-supported streaming service, reported a significant 44% growth in total viewing time, reaching over 5 billion hours streamed in 2022. The platform now boasts 64 million monthly active users, with notable increases among young and diverse audiences. The annual report indicates that as subscription costs rise, many consumers are shifting to AVOD services. Key trends highlight a growing preference for connected TV advertising, with significant investments from various media budgets shifting to CTV. Tubi offers over 50,000 titles and is well-positioned in an evolving streaming landscape.
Tubi, Fox Corporation's ad-supported video-on-demand service, reported a 44% year-over-year growth in total viewing time, surpassing 5 billion hours streamed in 2022. The platform now boasts over 64 million monthly active users. Key insights from Tubi's annual report indicate a shift towards AVOD as consumers seek to reduce subscription expenses, with 75% of users viewing AVOD as a practical cable alternative. Notable audience demographics include a 50% growth in African American and LGBT viewers. The report also highlights that 51% of streamers prefer limited ad exposure, and advertisers increasingly value streaming TV, with 80% considering it a key investment.
Fox Corporation (Nasdaq: FOXA, FOX) reported a quarterly revenue of $4.61 billion, reflecting a 4% year-over-year increase. The company achieved a net income of $321 million, recovering from a net loss of $73 million in the previous year. Adjusted net income rose to $259 million from $77 million, while adjusted EBITDA surged 71% to $531 million. Fox declared a $0.25 semi-annual dividend and authorized a $3 billion stock repurchase program, raising total authorization to $7 billion. CEO Lachlan Murdoch emphasized confidence in their strategy and assets, particularly following strong sports programming and political advertising results.
Fox Corporation (NASDAQ: FOX, FOXA) announced charitable commitments exceeding $300,000 to support Arizona communities as part of its FOX Forward and FOX Sports Supports initiatives. The funds will benefit organizations like the Pat Tillman Veterans Center for student veterans, Purple Heart Homes for veteran home modifications, and the Boys & Girls Clubs of the Valley to develop career readiness programs. These initiatives tie in with Super Bowl LVII, highlighting corporate social responsibility, and aim to create a lasting impact on military service members, veterans, and underserved youth.
Fox Corporation (NASDAQ: FOX, FOXA) announced charitable commitments exceeding $300,000 as part of its corporate social responsibility initiatives, celebrating Super Bowl LVII in Arizona. Key partnerships include the Pat Tillman Veterans Center, enhancing scholarships and resources for veterans, and the Boys & Girls Clubs of the Valley, focusing on youth career training. The Purple Heart Homes will benefit from home renovations for veterans. These initiatives aim to positively impact military members and underserved youth, showcasing FOX's commitment to community support.
Tubi has announced a significant content partnership with Warner Bros. Discovery, set to enhance its library with 14 new FAST channels and over 225 AVOD titles, totaling more than 2,000 hours of content.
The launch includes three curated channels: WB TV Series, WB TV Reality, and WB TV Family, showcasing popular titles like "Westworld" and "FBoy Island." In addition, 11 genre-specific channels will introduce fan-favorite shows and films, including classics from the Warner Bros. catalog. The rollout begins February 1, expanding Tubi's offerings to include more content from major Hollywood studios.
Fox Corporation (NASDAQ: FOXA, FOX) will announce its second quarter fiscal 2023 financial results on February 8, 2023. The earnings report will be released at 8:00 a.m. ET, followed by a live audio webcast of the discussion at 8:30 a.m. ET. Investors can access the webcast on the company’s investor relations site. Fox Corporation is known for its influential news, sports, and entertainment brands like FOX News Media, FOX Sports, and FOX Entertainment, and delivers engaging content that enhances consumer relationships and advertising effectiveness.