Welcome to our dedicated page for Fox Corporation news (Ticker: FOXA), a resource for investors and traders seeking the latest updates and insights on Fox Corporation stock.
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 (FOX) reported strong Q1 fiscal 2025 results with total revenues of $3.56 billion, up 11% year-over-year. Net income doubled to $832 million ($1.78 per share), while Adjusted EBITDA grew 21% to $1.05 billion. The growth was driven by a 6% increase in affiliate fees, 11% rise in advertising revenues, and 47% jump in other revenues. Key contributors included higher political advertising, growth at Tubi, stronger FOX News Media performance, and successful sports broadcasts. However, expenses increased due to higher programming rights costs at FOX Sports and Tubi operations.
FOX News Channel (FNC) announces the debut of new immersive graphics technology for its FOX News: Democracy 2024 coverage. The enhanced Studio M features augmented reality technology for the 'Bill'-board, virtual set technology, and new touchscreen applications for FOX News Voter Analysis. Key innovations include 3D interaction capabilities, voice-to-text triggers for AR graphics, and sophisticated presentation tools like the 'Path to 270' map and 'Top 5 Closest Races' tracker. The studio improvements include a bespoke 'super desk,' a two-story accent wall, and a 20-foot ultra-HD media wall. FNC remains the most-watched television news channel, attracting nearly 50% of cable news viewers.
Fox (Nasdaq: FOXA, FOX) has announced that it will discuss its first quarter fiscal 2025 financial results via a live audio webcast on November 4, 2024. The webcast will begin at 8:30 a.m. ET / 5:30 a.m. PT. The company will release its financial results approximately 30 minutes earlier, at 8:00 a.m. ET / 5:00 a.m. PT on the same day.
Investors and interested parties can access the live audio webcast of the presentation, as well as the archived version, at investor.foxcorporation.com. This event provides an opportunity for stakeholders to gain insights into Fox 's financial performance for the first quarter of its 2025 fiscal year.
OutKick's Maintaining with Tyrus will feature a sit-down interview with former President Donald Trump on Friday, October 18 at 8 AM/ET on OutKick.com. The interview, taking place at Trump Tower in New York, marks Trump's second appearance on the platform during this election cycle. Host George "Tyrus" Murdoch, a FOX News Channel (FNC) contributor and New York Times best-selling author, will discuss sports, pop culture, and the political landscape with Trump.
OutKick, owned by FOX , has seen continued growth in Q3 with 75 million total multiplatform views (up 6% vs Q2) and 68 total multiplatform minutes (up 9% vs Q2). The platform produces content at the intersection of sports, sports culture, pop culture, and news, reaching tens of millions of fans monthly across various media channels.
OutKick, a national multimedia sports platform owned by FOX , reported significant growth in Q3 2024. The platform achieved 75 million total multiplatform views (up 6% from Q2) and 68 total multiplatform minutes (up 9% from Q2). OutKick's average monthly total digital population reached 11.3 million unique visitors in Q3 2024.
September 2024 saw 23 million total multiplatform views (up 12% year-over-year) and 21 million total multiplatform minutes (up 2% from September 2023). Social media engagement also increased, with 4.1 million social actions in Q3 2024 (up 37% from Q2 and 112% from Q3 2023) and 37 million total video views across Facebook, X, and YouTube.
FOX News Digital led all news brands in multiplatform views and minutes during the third quarter of 2024, marking its 14th consecutive quarter as the leader in multiplatform minutes and 9th in multiplatform views. The platform achieved 10.4 billion total multiplatform minutes, 5.3 billion multiplatform views, and an average of 116 million monthly unique visitors, up 31% year-over-year.
FOX News Digital narrowed the gap with CNN to just 8 million average unique visitors for the quarter. The FOX News Mobile app averaged 6.4 million unique visitors. In September, FOX News Digital maintained its top position for the 43rd consecutive month in multiplatform minutes.
FOX News remained the most engaged brand on social media with 119.1 million total interactions, a 60% increase from Q3 2023. On YouTube, FOX News secured 803.7 million views. FOXBusiness.com outperformed CNN Business for the 10th consecutive quarter with 499 million multiplatform views.
FOX News Channel's Bret Baier will interview Vice President Kamala Harris on October 16th in Pennsylvania, marking her first formal sit-down on the network. The interview will air during Special Report with Bret Baier at 6 PM/ET. Baier, FNC's chief political anchor, has a show averaging 2.3 million viewers, including a significant number of Democrats and Independents. Baier's Common Ground segment features bipartisan discussions. He has extensively covered major political events and interviewed numerous political figures and world leaders. FNC is the leading network in basic cable, with a diverse audience and nearly 70 million homes reached.
FOX News Channel's Harris Faulkner will host a town hall with former President Donald Trump on October 16th at 11 AM/ET on 'The Faulkner Focus'. The event, pre-taped on October 15th in Cumming, Georgia, will feature an all-female audience and focus on women's issues ahead of the election.
Key topics include economy, abortion, immigration, and health care, identified as top concerns for female voters in a September 2024 FOX News poll. Faulkner, a six-time Emmy Award winner, emphasizes the importance of understanding candidates' stances on issues affecting women, who constitute the largest group of registered and active voters in the US.
FOX News Channel has extended a standing invitation to Vice President Harris for a similar townhall event. The network continues to lead in cable news viewership, attracting nearly 50% of the audience and showing strong appeal among Democrat and Independent viewers.
FOX News Media is launching a new Spanish-language program, FOX Noticias, on FOX Deportes starting October 15th. The one-hour daily show, hosted by Rachel Campos-Duffy, will air weekdays at 4 PM/ET and focus on issues impacting the Hispanic community. Additionally, FOX News Digital is introducing a Spanish version of FOXNews.com, available at Noticias.FOXNews.com.
FOX News ranks as the top destination in cable news among Hispanic viewers, with 36% of the Hispanic cable news total viewing share. The network showed significant growth in Hispanic viewership, up 65% in total day viewers and 114% in the 25-54 demographic during the most recent quarter.
FOX Noticias will cover major news in politics, economy, immigration, and cultural trends, featuring interviews and sports highlights. The content will be available across various platforms, including FOX Nation, YouTube, and social media.
FOX Nation has signed a deal to become the exclusive partner for new seasons of the hit series 'God. Family. Football.' The show will premiere on October 11th, with eight new episodes releasing every Friday night throughout the fall. A second season is slated for 2025. The series follows the Evangel Christian Academy football team in Shreveport, Louisiana, under the guidance of legendary coach Pastor Denny Duron.
This launch marks the beginning of FOX Nation's 'FOX Faith' vertical, featuring hundreds of hours of religious content. Notable additions include 'Martin Scorsese Presents: The Saints' premiering on November 17th, and 'Jesus Crown of Thorns', a docudrama retelling the life of Jesus. The initiative aims to provide compelling and inspiring content to viewers throughout the holiday season.
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