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Fox Corporation Class A Common Stock (FOXA) represents a leading force in the media industry, delivering a wide range of news, sports, and entertainment content. The company operates under two primary segments: Cable Networks and Television. Cable Networks focus on Fox News, Fox Business, and several sports channels, while Television encompasses the Fox broadcast network, 28 local television stations, and the ad-supported streaming platform, Tubi.
Fox Corporation's core brands include Fox News, Fox Sports, the Fox Network, and Fox Television Stations. These brands are not only culturally significant but also hold substantial value for distributors and advertisers. The company's extensive reach allows it to create content that captivates and informs audiences, fostering strong consumer relationships and offering compelling products.
In recent years, Fox sold a majority of its entertainment assets to Disney, pivoting its focus towards live news and sports. This strategic move emphasized the company’s strength in these areas, which remain integral to its operations primarily through pay-TV bundles.
Financially, Fox Corporation reported total quarterly revenues of $3.45 billion for the three months ended March 31, 2024. This is a decrease from the $4.08 billion reported in the prior year. The Television segment saw a 9% growth in affiliate fee revenues, contributing to the overall 4% increase in this category. Advertising revenues were impacted by the absence of Super Bowl LVII and fewer NFL games, totaling $1.24 billion compared to $1.88 billion in the previous year. Other revenues also declined due to timing issues related to sports sublicensing.
Net income for the quarter was $704 million, significantly up from a net loss of $50 million in the prior year. This improvement reflects the absence of legal settlement costs and gains from asset contributions to the United Football League joint venture. Adjusted EBITDA also saw an increase of 7%, reaching $891 million.
Fox Corporation continues to invest in and capitalize on its core strengths, while also exploring new initiatives. The company actively engages with its audience through its owned and operated television stations and streaming service, Tubi. The Murdoch family maintains control of the corporation, steering its strategic direction.
For more information about Fox Corporation, please visit www.foxcorporation.com.
Fox (Nasdaq: FOXA, FOX) has announced that Chief Financial Officer Steve Tomsic will be participating in the Barclays Communications and Content Symposium on February 25, 2025. The presentation is scheduled for 10:25am Eastern Time (7:25am Pacific Time).
Interested parties can access both live and archived versions of the presentation through the company's investor relations website at investor.foxcorporation.com.
Fox (NASDAQ: FOXA, FOX) announced that Super Bowl LIX generated over $800 Million in gross advertising revenue across all platforms. The event set multiple records, including:
- Average audience of 127.7 million viewers (up 3% from last year)
- Peak viewership of 137.7 million during second quarter
- Pregame coverage averaged 23.4 million viewers
- Halftime show drew 133.5 million viewers (up 3% from last year)
Tubi's streaming performance broke records with:
- 15.5 million peak concurrent streaming viewers
- 13.6 million average minute audience
- 24 million unique viewers across game day programming
- 4K live stream delivery through FOX's Tempe facility
Fox (FOXA, FOX) has announced the acquisition of Red Seat Ventures, a leading creator economy business. Red Seat Ventures will operate as a standalone entity within FOX's Tubi Media Group, with Paul Cheesbrough, CEO of Tubi Media Group, becoming Chairman of Red Seat Ventures.
The company's founding partners, Chris and Kevin Balfe, will continue to lead operations. Red Seat Ventures specializes in powering talent across various genres in building direct-to-consumer media businesses, including podcasts, video, subscription products, and live events like CrimeCon. Their portfolio includes 17 creator-led shows that generated over 200 million monthly active views in November 2024, positioning them as a Top 10 podcast network in the US.
Fox (FOXA) has announced the appointment of John Nallen as President and Chief Operating Officer through June 2028. Previously serving as Chief Operating Officer, Nallen has been a member of the Office of the Chairman and has signed a new long-term employment agreement.
Executive Chair and CEO Lachlan Murdoch highlighted Nallen's instrumental role in FOX's evolution and his contribution to the company's operating momentum and profitability. Before FOX's spinoff from 21st Century Fox in March 2019, Nallen served as Senior Executive Vice President and CFO at 21CF since 2013, managing all financial matters including capital market and M&A transactions. His history with the company dates back to 2001 when he joined as Executive Vice President and Deputy CFO, following his partnership role at Arthur Andersen where he led the Media and Entertainment practice.
FOX News Channel (FNC) has announced the signing of Lara Trump to host a new weekend primetime program, 'My View with Lara Trump', set to premiere on February 22nd in the 9-10 PM/ET Saturday slot. The announcement was made by FOX News Media CEO Suzanne Scott.
The program will focus on bringing common sense perspectives to American life and feature analysis and interviews with thought leaders on national headlines affecting families. Trump, who previously served as the Republican National Committee's co-chair and was an FNC contributor from 2021-2022, brings experience from hosting 'The Right View' web series and her role as senior adviser to the Trump campaign.
FNC continues to dominate cable news as the number one network in basic cable for nine years, attracting nearly 70% of cable news viewers. According to recent studies, FNC is the main source for political news across diverse political affiliations, including Democrat and Independent viewers.
FOX News achieved remarkable success on YouTube in January 2025, garnering 410 million video views and maintaining its position as the top news brand for the third consecutive month. This performance represents the network's second-best month ever on the platform, surpassing its nearest competitor NBC News by 242 million views - the widest gap in its history.
The network demonstrated significant growth with a 74% increase in YouTube views compared to December 2024, outperforming major competitors including MSNBC (153M views), ABC News (140M views), CNN (137M views), CBS News (62M views), and The New York Times (7M views). This digital success accompanies FOX News Channel's achievement of its most-watched January in network history across total day viewing, marking 23 consecutive years as the most-watched cable news network.
Fox (FOX) reported strong Q2 fiscal 2025 results with total revenues of $5.08 billion, up 20% year-over-year. Net income reached $388 million, significantly higher than $115 million in the prior year quarter. Earnings per share increased to $0.81 from $0.23.
The company saw growth across all revenue streams: affiliate fees increased 6%, advertising revenues rose 21%, and other revenues jumped 70%. The growth was driven by higher political advertising, strong MLB postseason ratings, NFL pricing, and digital growth from Tubi AVOD service. Adjusted EBITDA grew 123% to $781 million.
FOX continued its share repurchase program, having bought back $5.1 billion of Class A stock and $1 billion of Class B stock, with $900 million remaining authorization. The company declared a dividend of $0.27 per Class A and Class B share, payable March 26, 2025.
Fox (FOX) has announced a charitable commitment exceeding $400,000 to Boys & Girls Clubs of Metro Louisiana (BGCMLA) through its FOX Forward and FOX Sports Gamechanger Fund initiatives. The investment supports 10 Clubs state-wide and coincides with Super Bowl LIX being hosted in New Orleans.
The commitment includes implementing the CareerLaunch program, upgrading technology infrastructure to support 1,500 youth, and establishing multiple scholarships. Key components include replacing outdated laptops, overhauling wireless systems, updating the New Orleans tech center, and purchasing new sports equipment. The initiative also provides specific support for 400 military-connected youth at the Naval Air Station Joint Reserve Base New Orleans, offering financial literacy education and career readiness programs.
The announcement will be formally presented during Super Bowl LIX week by FOX Sports CEO Eric Shanks and FOX NFL Reporter Kristina Pink to BGCMLA CEO Angel Nelson.
FOX News Channel has announced that chief political anchor Bret Baier will conduct a comprehensive interview with President Donald Trump during the FOX SUPER BOWL LIX PREGAME show on February 9th. The pre-taped interview, set at Mar-a-Lago, will focus on Trump administration changes and his first 100 days in office.
The interview highlights FOX's strong market position, with Special Report with Bret Baier averaging 3.5 million viewers and 422,000 in A25-54 demographic in 2025, outperforming CNN and MSNBC combined. The network maintains its position as the most-watched cable news channel for 23 consecutive years, reaching nearly 200 million people monthly.
Additional segments will air on February 10th's Special Report and FOXNews.com. This marks Baier's first one-on-one interview with Trump since June 2023.
FOX News Channel (FNC) achieved its highest-rated January in cable news history, marking 23 consecutive years as the top network in cable news. The network delivered 2.8 million primetime viewers (8-11 PM/ET) and 1.9 million total day viewers, showing significant year-over-year growth of 40% and 53% respectively.
FNC commanded 67% of total day viewers and 69% of primetime viewers, while competitors CNN and MSNBC hit all-time January lows. Several programs, including 'America's Newsroom', 'The Faulkner Focus', 'Outnumbered', and 'America Reports' achieved their highest-rated months ever. Notably, 'The Faulkner Focus' surpassed ABC's 'The View' in viewership for the first time.
The network's coverage of President Donald Trump's inauguration peaked at 12 million viewers, marking the highest non-primetime cable news telecast in history. FNC continues to lead with key demographics, including Independents, Democrats, Asians, Hispanics, and upscale viewers throughout total day programming.