Fox (FOXA) is set to report second-quarter fiscal 2024 results on Feb 7.For the quarter, the Zacks Consensus Estimate for earnings is pegged at 9 cents per share, up 80% in the past 30 days. The figure indicates an 81.25% decline from the year-ago reported figure.The consensus mark for revenues is pegged at $4.18 billion, implying a 9.29% decline from the year-ago quarter’s reported figure.The company’s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise be ...

Core Viewpoint - Analysts forecast a significant decline in Fox's quarterly earnings and revenues, indicating a challenging financial period ahead for the company [1]. Revenue Estimates - Total revenues are expected to be $4.18 billion, reflecting a year-over-year decline of 9.3% [1]. - Advertising revenues are projected to be $2.01 billion, down 19.9% year-over-year [2]. - Affiliate fee revenues are estimated at $1.80 billion, showing an increase of 5.3% from the previous year [2]. - Television segment revenues are anticipated to reach $2.53 billion, down 13.6% year-over-year [2]. - Cable Network Programming revenues are expected to be $1.61 billion, indicating a decrease of 1.6% from the prior year [3]. - Other revenues are projected at $40.48 million, up 3.8% year-over-year [3]. - Revenues from Television - Other are expected to be $150.43 million, down 23.3% year-over-year [3]. - Revenues from Television - Affiliate fee are estimated at $769.41 million, reflecting a 12.2% increase from the previous year [3]. - Revenues from Television - Advertising are forecasted to be $1.60 billion, down 22.2% year-over-year [4]. - Cable Network Programming - Advertising revenues are expected to be $386.82 million, down 14.2% from the prior year [4]. - Cable Network Programming - Affiliate fee revenues are projected at $1.05 billion, up 2.1% year-over-year [4]. - Cable Network Programming - Other revenues are estimated at $176.50 million, reflecting a 13.9% increase from the previous year [4]. Stock Performance - Fox shares have increased by 7.8% over the past month, outperforming the S&P 500 composite, which rose by 2.9% [5]. - The company holds a Zacks Rank of 3 (Hold), suggesting it is expected to perform in line with the overall market in the near future [5].

Fox (FOXA) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2023. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 7. On the ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Fox (FOXA) , which belongs to the Zacks Broadcast Radio and Television industry, could be a great candidate to consider.This TV broadcasting company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 18.74%.For the last reporte ...

NEW YORK and LOS ANGELES, Jan. 24, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) will discuss second quarter fiscal 2024 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m. PT on February 7, 2024. Results will be released at approximately 8:00 a.m. ET / 5:00 a.m. PT on February 7, 2024. A live audio webcast of the presentation, and the archived webcast, will be available at investor.foxcorporation.com. About Fox CorporationFox Corporation produces and distributes comp ...

NEW YORK and LOS ANGELES, Jan. 22, 2024 /PRNewswire/ -- Lachlan Murdoch, Executive Chair and Chief Executive Officer of Fox Corporation (Nasdaq: FOXA, FOX), today announced that Jeff Collins has been appointed President of Advertising Sales, Marketing and Brand Partnerships for Fox Corporation. He will succeed Marianne Gambelli, who retires after more than forty years as a leading ad sales executive in the media and entertainment space. Collins, who most recently served as Executive Vice President, Advertis ...

Fox Corporation (FOXA) -owned Fox News Digital and FOXBusiness.com had a successful year in 2023, outperforming some of their key competitors in terms of multiplatform views, minutes and engagement on social media.FOX News Digital ended the year as the top-performing news brand in terms of multiplatform views and minutes, experiencing growth of 9% in views and 6% in minutes year over year. The company secured 20.2 billion multiplatform views, more than 36.9 billion minutes and averaged 93.7 million monthly ...

Financial Data and Key Metrics Changes - Fox Corporation reported total revenues of $3.21 billion for Q1 2024, slightly above the prior year quarter, driven by a 2% increase in affiliate fee revenues [15][16] - Adjusted EBITDA for the quarter was $869 million, down from $1.09 billion in the prior year quarter [16] - Net income attributable to stockholders was $407 million, or $0.82 per share, compared to $605 million, or $1.10 per share, in the prior year period [16] Business Line Data and Key Metrics Changes - Television segment revenues increased by 4% year-over-year to $1.78 billion, with an 8% increase in TV affiliate revenues [17] - Cable segment revenues decreased by 3% year-over-year to $1.39 billion, with cable affiliate revenues down 2% due to industry subscriber declines [19][20] - Tubi achieved 30% revenue growth, driven by a 65% increase in total view time, surpassing 70 million monthly active users [9][16] Market Data and Key Metrics Changes - Advertising revenues decreased by around 2%, primarily due to a comparative quarter last year that had higher political ad revenues [7][15] - Fox News maintained its position as the most-watched cable news network, with viewership increasing over 20% from the first quarter [11][12] - The local station group is expected to benefit from increased political spending in the coming quarters [12] Company Strategy and Development Direction - The company is focused on maintaining strong partnerships with distributors and has successfully renewed several distribution contracts, achieving rate increases [46][48] - Fox Corporation aims to leverage its core brands, particularly in sports and news, to drive advertising revenue and viewership [31][36] - Tubi is positioned as a key part of the company's strategy, focusing on organic growth and enhancing user engagement [32][41] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the mixed advertising market but noted strong demand for sports and news advertising, with pricing above upfront levels [36][52] - The company is optimistic about the future of linear advertising, particularly in sports and news, despite challenges in the direct response advertising market [52] - The upcoming election cycle is expected to provide a boost to local station revenues due to increased political ad spending [12][40] Other Important Information - The company has repurchased $300 million in shares year-to-date, with a total of $4.9 billion repurchased since the buyback program began in 2019 [21][22] - Fox Corporation ended the quarter with approximately $3.8 billion in cash and $7.2 billion in debt [22] Q&A Session Summary Question: Evaluation of WWE renewal and impact on future sports rights negotiations - Management explained that the decision to pass on WWE renewal was based on insufficient advertising and retransmission revenue, indicating a disciplined approach to ROI [24][26] Question: Maximizing returns on college football rights and Tubi's value - Management acknowledged the high demand for college football advertising and emphasized the importance of building value through core brands, while Tubi's growth is seen as a key part of the strategy [29][31] Question: Outlook for political advertising and Tubi's long-term vision - Management provided a mixed outlook for the advertising market but noted strong demand in sports and news, with Tubi positioned for continued growth as a free AVOD service [35][41] Question: Update on affiliate renewal process and implications of Charter Disney renewal - Management reported successful affiliate renewals with rate increases, emphasizing the importance of maintaining premium content within the cable bundle [44][46] Question: Future of linear video advertising and direct response challenges - Management expressed confidence in the future of linear advertising, particularly in sports and news, while expecting improvements in direct response pricing in the coming quarters [52]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission File Number 001-38776 FOX CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended June 30, 2023 or o TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _________ to _________ Commission file number 001-38776 FOX CORPORATION (Exact name of registrant as specified in its charter) Delaware 83-1825597 (State or other juri ...