Investors with an interest in Broadcast Radio and Television stocks have likely encountered both Fox Corporation (FOX) and Netflix (NFLX) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earn ...

Happy Creek Minerals Ltd. (TSX-V:HPY, OTC:HPYCF) CEO Jason Bahnsen spoke with Proactive about a 10,000-meter exploration drilling program at the Fox Tungsten project in British Columbia. He emphasized that the 139-square-kilometer project hosts one of North America's highest-grade tungsten deposits, with an initial resource estimate from 2018 of approximately one million tons at a combined grade of around 1%. The current drilling campaign aims to expand this resource by targeting several newly identified mi ...

Disney’s 2019 acquisition of most 20th Century Fox assets in a deal worth north of $71 billion enriched the Murdoch family but also swelled Disney’s debt and continues to have a mixed response from Wall Street. On a call with analysts today after quarterly earnings, Bob Iger strongly defended the move as critical to completing Disney’s content and distribution heading into the streaming era. “In late 2017, when we announced initially that we were acquiring assets from 20th Century Fox, we specifically ment ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companie ...

Financial Data and Key Metrics Changes - The company reported EBITDA of over $1 billion, up 21% year-over-year, driven by sustained revenue growth of 11% [6][20] - Total company revenues grew to $3.56 billion, with advertising revenues also increasing by 11% year-over-year [20][22] - Net income attributable to stockholders was $827 million, or $1.78 per share, compared to $407 million, or $0.82 per share in the prior year [22] Business Line Data and Key Metrics Changes - Cable networks revenue grew 15% year-over-year, with advertising revenue up 11%, primarily driven by FOX News Media [23] - Television segment revenues increased by 10%, with advertising revenues up 11%, benefiting from strong political cycles and NFL ratings [25][26] - Tubi experienced a 19% revenue growth during the quarter, with expectations to cross the $1 billion revenue mark this fiscal year [13][20] Market Data and Key Metrics Changes - FOX News total audience grew more than 40% year-over-year, with a significant increase in the key 25-54 demographic [9] - The company achieved record political revenue for both the first quarter and the full fiscal year, benefiting from strong engagement and political advertising [12][20] - Tubi's audience is characterized as younger and diverse, making it a valuable target for advertisers [40] Company Strategy and Development Direction - The company aims to leverage its strong content and brands to drive revenue growth, focusing on both traditional and digital platforms [19] - There is a commitment to returning capital to shareholders through share buybacks, with $300 million repurchased so far this fiscal year [28] - The company is exploring thoughtful M&A opportunities while maintaining a strong balance sheet [19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the advertising marketplace, noting healthy growth across various segments, particularly in sports and news [51] - The company anticipates continued momentum in Tubi and expects to maintain strong advertising revenues post-election [54] - Management believes there is a subscriber floor in the bundled subscriber declines, indicating a stable demand for core packages [34] Other Important Information - The company ended the quarter with approximately $4.1 billion in cash and $7.2 billion in debt, indicating a strong financial position [28] - The company is awaiting the appeal of an injunction related to its venue platform, which it believes is pro-consumer and pro-competition [48] Q&A Session Summary Question: Impact of Comcast's potential separation of cable network business - Management does not foresee any impact on Fox from Comcast's plans, emphasizing the synergies across its platforms [32] Question: Trends in affiliate revenue growth and subscriber declines - Management noted a slight improvement in subscriber trends and expressed optimism about reaching a bottom in bundled subscriber declines [34][35] Question: Political advertising dynamics and Tubi's role - Management highlighted that political spending has shifted back to local and targeted spends, benefiting both local stations and Tubi without cannibalization [39][40] Question: Future of Tubi and its revenue potential - Management is optimistic about Tubi's growth trajectory, expecting it to reach $1 billion in revenue, driven by political advertising and a sustainable business model [44][46] Question: Advertising environment post-election - Management anticipates a healthy advertising environment post-election, with strong pricing and demand across various segments [51][54] Question: Approval process for Flutter and FanDuel - Management expects the licensing process for FanDuel to be completed within a year, with no immediate rush [57] Question: Tubi's accelerating revenue growth - Management attributed Tubi's accelerating revenue growth to improved fill rates and effective pricing strategies [58]

Fox Corp. beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher political advertising ahead of the presidential election on Nov. 5, sending its shares up nearly 3%.Americans are watching more traditional news and television programs for updates on the tightly contested race between Democratic candidate Kamala Harris and Republican Donald Trump, which boosted advertising spend at Fox News.Fox Chief Executive Lachlan Murdoch pointed to record political a ...

Fox Corporation (FOXA) reported first-quarter fiscal 2025 adjusted earnings per share of $1.45, which beat the Zacks Consensus Estimate by 29.5%. The figure increased 33.02% year over year.Revenues increased 11.13% year over year to $3.5 billion, beating the consensus mark by 5.6%.Affiliate fees (51.71% of total revenues) rose 5.92% to $1.84 billion, driven primarily by 10% growth in the Television segment and 3% growth in the Cable Network Programming segment.Advertising revenues (37.29% of total revenues) ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

For the quarter ended September 2024, Fox (FOXA) reported revenue of $3.56 billion, up 11.1% over the same period last year. EPS came in at $1.45, compared to $1.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $3.37 billion, representing a surprise of +5.82%. The company delivered an EPS surprise of +29.46%, with the consensus EPS estimate being $1.12.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expec ...

Revenue Growth - Total revenues increased by $357 million or 11% for the three months ended September 30, 2024, compared to the same period in 2023, reaching $3,564 million[87]. - Affiliate fee revenue rose by $103 million or 6% to $1,843 million, driven by higher average rates per subscriber and increased fees from affiliated television stations[88]. - Advertising revenue grew by $129 million or 11% to $1,329 million, largely due to higher political advertising revenue related to the 2024 elections[88]. - Other revenues surged by $125 million or 47% to $392 million, primarily from increased sports sublicensing revenue[88]. - Cable Network Programming segment revenues increased by $210 million or 15% for the three months ended September 30, 2024, compared to the same period in 2023, reaching $1,597 million[99]. - Television segment revenues increased by $173 million or 10% to $1,953 million, with advertising revenue up by $98 million or 11% due to higher political advertising and NFL ratings[102]. - Adjusted EBITDA for the three months ended September 30, 2024, was $1,048 million, an increase of $179 million or 21% compared to $869 million in the same period of 2023[111]. Operating Expenses - Operating expenses increased by $156 million or 8% to $2,018 million, mainly due to higher sports programming rights amortization and newsgathering costs[89]. - Operating expenses increased by $53 million or 8% in the Cable Network Programming segment, primarily due to higher sports programming rights costs[101]. Net Income and Financial Performance - Net income for the three months ended September 30, 2024, increased by $417 million, reaching $832 million, attributed to an unrealized gain on investments and higher Segment EBITDA[93]. - The Company reported net income of $832 million for the three months ended September 30, 2024, compared to $415 million in the prior year[110]. Cash and Dividends - The Company has approximately $4.1 billion in cash and cash equivalents as of September 30, 2024, along with an unused $1.0 billion revolving credit facility[112]. - Net cash provided by operating activities increased to $158 million for the three months ended September 30, 2024, compared to $1 million in the same period of 2023[115]. - The Company declared a semi-annual dividend of $0.27 per share during the three months ended September 30, 2024[118]. Risks and Uncertainties - The company anticipates potential declines in advertising expenditures due to various economic factors and changes in consumer behavior[124]. - The company faces risks related to the competitive nature of the industry and the popularity of its content, particularly sports programming[125]. - The company is subject to risks from the inability to renew programming rights on favorable terms, especially for sports[125]. - The company acknowledges the potential impact of labor disputes involving professional sports leagues on its operations[125]. - The company has identified risks associated with the degradation or failure of its network and information systems[125]. - The company is exposed to risks from content piracy and the protection of its intellectual property rights[125]. - Forward-looking statements are subject to inherent risks and uncertainties, including economic conditions and regulatory changes[124]. - The company does not undertake any obligation to update forward-looking statements unless required by law[126]. Tax and Interest - The effective tax rate for the three months ended September 30, 2024, was 25%, higher than the statutory rate of 21% due to state taxes[92]. - Interest expense increased by $8 million or 19% to $50 million, reflecting higher weighted-average interest rates on senior notes[91]. Strategic Considerations - The Company is evaluating potential acquisitions and dispositions of certain businesses and assets, which may involve cash or securities[114]. - No material changes to critical accounting policies and estimates were reported in the 2024 Form 10-K[122]. - The company has not reported any material changes in market risks since the 2024 Form 10-K[127].