Latest news with #FoxCorporation
Yahoo
17-07-2025
- Business
- Yahoo
What You Need to Know Ahead of Fox Corporation's Earnings Release
New York-based Fox Corporation (FOXA) is a prominent media company with a market cap of $25 billion. It creates and distributes engaging content across news, sports, and entertainment through its iconic brands, including FOX News, FOX Sports, the FOX Network, and FOX Television Stations. The company is slated to release its Q4 earnings on Tuesday, Aug. 5. Ahead of this event, analysts expect the company to report a profit of $1.01 per share, up 12.2% from $0.90 per share in the year-ago quarter. The company has a solid trajectory of consistently beating Wall Street's earnings estimates in each of the last four quarters. More News from Barchart Dear Google Stock Fans, Mark Your Calendars for July 23 Dear UnitedHealth Stock Fans, Mark Your Calendars for July 29 Peter Thiel Is Betting Big on This Ethereum Treasury Stock. Should You Buy Shares Now? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! For fiscal 2025, analysts expect FOXA to report a profit of $4.52 per share, up 31.8% from $3.43 in fiscal 2024. FOXA has climbed 51.6% over the past 52 weeks, considerably outperforming both the S&P 500 Index's ($SPX) 10.5% gain and the Communication Services Select Sector SPDR Fund's (XLC) 22.4% rise over the same time frame. On May 12, shares of FOXA rose 4.3% following the release of its third-quarter earnings. It reported revenue of $4.4 billion for the quarter, marking a 26.8% increase year-over-year and exceeding Wall Street expectations by 5.3%. The strong top-line performance was fueled by a surge in advertising revenue, boosted by Super Bowl LIX, continued momentum in digital through its Tubi AVOD platform, and improved news ratings and pricing. Adjusted earnings per share came in at $1.10, reflecting a marginal year-over-year increase and beating analyst estimates by a solid 18.3%. Wall Street analysts are moderately optimistic about FOXA's stock, with a "Moderate Buy" rating overall. Among 21 analysts covering the stock, eight recommend "Strong Buy," and 13 indicate 'Hold.' The mean price target for FOXA is $57.11, which indicates a 2.6% potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17-07-2025
- Business
- Yahoo
Fox Corporation Earnings Preview: What to Expect
Fox Corporation (FOX), with a market cap of $22.9 billion, is a leading New York-based media company known for producing and distributing engaging news, sports, and entertainment content. Its portfolio includes prominent brands such as FOX News, FOX Sports, the FOX Network, and FOX Television Stations. The company is slated to report its fiscal Q4 earnings on Tuesday. Aug. 5. Ahead of this event, analysts expect this communication services company to report a profit of $1.03 per share, up 14.4% from $0.90 per share in the year-ago quarter. The company has surpassed Wall Street's earnings estimates in each of the last four quarters. More News from Barchart Dear Nvidia Stock Fans, Mark Your Calendars for July 16 Dear Google Stock Fans, Mark Your Calendars for July 23 Retirement Ready: 3 Dividend Stocks to Set and Forget Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For fiscal 2025, analysts expect FOX to report a profit of $4.53 per share, up 32.1% from $3.43 in fiscal 2024. FOX has rallied 49.3% over the past 52 weeks, considerably outpacing both the S&P 500 Index's ($SPX) 10.5% gain and the Communication Services Select Sector SPDR Fund's (XLC) 22.4% rise over the same time frame. FOX shares rose 4.3% following the release of its Q3 earnings on May 12. Total revenue surged 26.8% year-over-year to $4.4 billion, fueled by solid growth across affiliate fees, advertising, and other revenue streams, exceeding Wall Street expectations. Adjusted earnings rose slightly to $1.09, topping consensus estimates by 14.6%. Despite the top-line strength, adjusted EBITDA declined 3.9% to $856 million, as increased expenses, driven by higher sports programming rights amortization, Super Bowl LIX production costs, and elevated digital content and marketing spend, weighed on profitability. Wall Street analysts are moderately optimistic about FOX's stock, with a "Moderate Buy" rating overall. Among 13 analysts covering the stock, six recommend "Strong Buy," and seven indicate 'Hold.' The mean price target for FOX is $56.25, which indicates a 10.1% potential upside from the current levels. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
23-06-2025
- Business
- Yahoo
Is Fox Stock Outperforming the Nasdaq?
New York-based Fox Corporation (FOX) operates as a news, sports, and entertainment company in the United States. With a market cap of $22.8 billion, the company operates through Cable Network Programming, Television, Credible, and The FOX Studio Lot segments. Companies worth $10 billion or more are generally described as "large-cap stocks." FOX fits right into that category, with its market cap exceeding the threshold, reflecting its substantial size and influence in the competitive industry of entertainment. FOX benefits from being one of the largest cable TV networks in the United States, offering a wide range of content. Robotaxis, Powell and Other Key Things to Watch this Week Make Over a 2.4% One-Month Yield Shorting Nvidia Out-of-the-Money Puts Is Quantum Computing (QUBT) Stock a Buy on This Bold Technological Breakthrough? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! FOX currently trades 7.8% below its all-time high of $55 recorded on Mar. 3. FOX's stock has gained 2.7% over the past three months, notably underperforming the Nasdaq Composite's ($NASX) 9.9% uptick during the same time frame. In the long term, FOX stock has surged 10.9% on a YTD basis, outperforming the Nasdaq's marginal increase. Moreover, shares of FOX soared 59% over the past 52 weeks, also outperforming Nasdaq's 9.7% returns over the same period. To confirm its bullish trend, FOX has been trading above its 200-day moving average for the past year and also above its 50-day moving average since mid-May. FOX shares rose 4.3% following the release of its better-than-expected Q3 earnings on May 12. The company's total revenues increased 26.8% year-over-year to $4.4 billion, mainly driven by a robust growth in the revenue of its affiliate fee, advertising, and other components, and also surpassed the Street's estimates. Its adjusted EBITDA, however, decreased 3.9% to $856 million, caused by an increase in expenses due to higher sports programming rights amortization and production costs driven by the broadcast of Super Bowl LIX and higher digital content and marketing costs. FOX's adjusted earnings increased marginally year-over-year to $1.09 and surpassed the consensus estimates by 14.6%. Its rival, News Corporation (NWSA), has gained 2.9% in 2025 and 5.4% over the past year, underperforming FOX. Among the 13 analysts covering the FOX stock, the consensus rating is a 'Moderate Buy.' Its mean price target of $54.92 suggests an 8.2% upside potential from current price levels. On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
20-06-2025
- Business
- Yahoo
Is Fox Corporation Stock Underperforming the S&P 500?
Valued at a market cap of $24.6 billion, Fox Corporation (FOXA) is a news, sports, and entertainment company, headquartered in New York. It owns well-known brands such as Fox News, Fox Sports, the Fox broadcast network, and Tubi, its growing free streaming platform. Companies valued at $10 billion or more are typically classified as 'large-cap stocks,' and FOXA fits the label perfectly, with its market cap exceeding this threshold, underscoring its size, influence, and dominance within the entertainment industry. The company benefits from delivering real-time, appointment-viewing content that retains high value for advertisers and distributors. Its growing digital platform, Tubi, expands its reach into the ad-supported streaming market, allowing Fox to tap into shifting consumer habits without sacrificing its core live programming strength. 2 Outstanding Stocks Under $50 to Buy and Hold Now 3 ETFs with Dividend Yields of 12% or Higher for Your Income Portfolio Nvidia's Bringing Sovereign AI to Germany. Should You Buy NVDA Stock Here? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. This communication services company has slipped 6.9% from its 52-week high of $58.74, reached on Mar. 3. Shares of FOXA have gained 4.5% over the past three months, underperforming the S&P 500 Index's ($SPX) 5.4% return during the same time frame. Nonetheless, in the longer term, FOXA has rallied 63% over the past 52 weeks, significantly outpacing SPX's 9% rise over the same time frame. Moreover, on a YTD basis, shares of FOXA are up 12.6%, compared to SPX's 1.7% uptick. To confirm its bullish trend, FOXA has been trading above its 200-day and 50-day moving averages over the past year, with slight fluctuations. On May 12, shares of FOXA closed up 4.3% following its better-than-expected Q3 earnings release. The company's revenue came in at $4.4 billion, up 26.8% from the year-ago quarter and 5.3% above Wall Street estimates. Solid growth in advertising revenue, driven by the impact of Super Bowl LIX, continued digital growth led by the Tubi AVOD service, and stronger news ratings and pricing, largely supported its robust top-line rise. Moreover, its adjusted EPS of $1.10 improved marginally year-over-year and topped the consensus estimate by a notable margin of 18.3%. However, its adjusted EBITDA fell 3.9% from the same quarter last year to $856 million as its revenue growth was more than offset by higher expenses. FOXA has also significantly outpaced its rival, News Corporation (NWSA), which gained 3.9% over the past 52 weeks and 1.9% on a YTD basis. Despite FOXA's recent underperformance, analysts remain moderately optimistic about its prospects. The stock has a consensus rating of "Moderate Buy' from the 21 analysts covering it, and the mean price target of $55.42 suggests a 1.3% premium to its current price levels. On the date of publication, Neharika Jain did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
UPI
19-06-2025
- Business
- UPI
Fox buys Mexican sports broadcast platform Caliente TV
On Thursday, Fox Corporation said it had acquired Mexico's Caliente TV. File Photo by tookapic/Pixabay June 19 (UPI) -- Fox Corporation on Thursday said it has acquired Mexico's Caliente TV, a sports broadcasting platform. Fox also said it has appointed Carlos Martinez as executive vice president and managing director to oversee Fox broadcasting strategy in Latin America. "Fox's investment to acquire Caliente TV reflects our commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent," Martinez said in statement. Fox said this deal will lead to development of " a multi-platform business that will include the launch of a new Pay TV channel and an SVOD Platform that will join the existing AVOD platform Tubi, producing and distributing more than 3,000 hours of original sports content." With the Caliente acquisition, Fox now has a premium broadcast rights portfolio that includes 6 Liga MX men's clubs; 10 Liga MX women's clubs; the CONCACAF Champions Cup; the Premier League and the FA Cup; UEFA Champions League; Ligue 1 France; Coppa Italia; the United Football League; Big Ten Conference; World Enduro Championship (WEC) and the NASCAR Mexico Series. Fox said Martinez has over three decades broadcast industry experience in Latin America, including executive roles at Turner, Discovery and Fox. The company said he will oversee operations and strategy for Fox platforms in Mexico and Central America.
