Investors interested in Broadcast Radio and Television stocks are likely familiar with Fox (FOXA) and Netflix (NFLX) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revi ...

NEW YORK and LOS ANGELES, April 3, 2024 /PRNewswire/ --  FOX Corporation ("FOX" or the "Company") (Nasdaq: FOXA, FOX) today announced the launch of its expanded audience network and ad tech platform, AdRise.Acquired as part of the Tubi deal in 2020, AdRise is an advanced, integrated technology platform for CTV and linear inventory that has evolved into an enterprise-wide platform for FOX. AdRise will now power OneFOX, FOX's cross portfolio inventory product which includes FOX Sports, FOX Entertainment, FOX ...

Group 1: Company Developments - Fox Nation has expanded its distribution to EchoStar's DISH Network and SLING TV, allowing customers to subscribe for $5.99 per month starting in mid-March [1] - DISH Network customers can access FOX Nation through the MyDISH app, online, or by phone, and can watch on channel 296 or via the DISH Anywhere app [1] - SLING TV users, including both regular and Sling Freestream users, will also have access to FOX Nation for the same subscription price [1] Group 2: Content Offering - FOX Nation offers over 10,000 hours of content, including exclusive series like "Yellowstone: One-Fifty," "The History of the World in Six Glasses," and "Liberty or Death: The Boston Tea Party" [2] - Popular shows such as "COPS" and "Crime Cam 24/7" will be available, along with documentaries like "The Fall of the House of Murdaugh" and "Jussie Smollett: Anatomy of a Hoax" [2] Group 3: Financial Outlook - The Zacks Consensus Estimate for FOXA's fiscal 2024 revenues is $14.04 billion, reflecting a year-over-year decline of 5.85% [2] - The earnings estimate is pegged at $3.23 per share, indicating a year-over-year decline of 7.98% [2] Group 4: Industry Trends - An Ernst & Young report highlights consumer dissatisfaction with paying for unwanted TV channels, leading to a rise in streaming service popularity [3] - Media companies are balancing traditional TV and streaming platforms to monetize subscriptions and ads effectively [3] - The demand for streaming content is increasing, resulting in more cable subscription cancellations [3] Group 5: Competitive Landscape - Companies like Paramount Global and Comcast are performing well due to the growing viewership of digital content [3] - Comcast's Peacock offers a variety of NBC shows, movies, and original programs, while Paramount's Pluto TV features live channels and on-demand content [4] - FOXA has renewed its partnership with Sinclair Broadcast Group, covering all Fox-affiliated channels in 41 markets, reaching approximately 19 million households [4]

Group 1 - Fox Corporation's COO John Nallen will participate in Deutsche Bank's 32nd Annual Media, Internet & Telecom Conference on March 11, 2024, at 9:40am Eastern / 6:40am Pacific [1] - A live and archived webcast of the presentation will be available on Fox Corporation's investor website [1] Group 2 - Fox Corporation produces and distributes news, sports, and entertainment content through brands like FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi Media Group [2] - The company's brands hold cultural significance and commercial importance, allowing for engaging content delivery and deeper consumer relationships [2] - Fox Corporation has a strong track record in the news, sports, and entertainment industry, shaping its strategy to leverage existing strengths and invest in new initiatives [2]

The Zacks Broadcast Radio and Television industry has been suffering from increased cord-cutting despite a spurt in demand for streaming content. However, industry participants like Netflix (NFLX) , Warner Bros. Discovery (WBD) , Fox (FOXA) and Roku (ROKU) are benefiting from a massive spike in digital content consumption. Diversified content offerings, which are original, regional, short and suitable for small screens (smartphones and tablets); improved Internet speed and penetration and technological adva ...

NEW YORK and LOS ANGELES, Feb. 28, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Executive Chair and Chief Executive Officer Lachlan Murdoch will participate in the Morgan Stanley Technology, Media & Telecom Conference on Monday, March 4, at approximately 9:30am (Pacific), 12:30pm (Eastern). A live and archived webcast of the presentation will be available at investor.foxcorporation.com. About Fox CorporationFox Corporation produces and distributes compelling news, sports, an ...

NEW YORK, Feb. 14, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the "Company") announced today its live, in-person 2024 Upfront event on Monday, May 13, in a return to The Hammerstein Ballroom at The Manhattan Center. Hosted by FOX's President of Advertising Sales, Marketing and Brand Partnerships, Jeff Collins, the event will highlight how the company's leadership position in Sports, Entertainment, News and Streaming delivers real, measurable results for its valued partners. FOX is pr ...

Core Insights - Fox Corporation reported second-quarter fiscal 2024 adjusted earnings per share (EPS) of 34 cents, exceeding the Zacks Consensus Estimate by 240%, but down 29.2% year over year [1] - Revenues decreased 8.1% year over year to $4.23 billion, slightly surpassing the consensus mark by 1.28% [1] Revenue Breakdown - Affiliate fees, accounting for 42.2% of revenues, increased by 4.4% to $1.78 billion, driven by a 10% growth in the Television segment [1] - Advertising revenues, making up 47.3% of revenues, fell 20% year over year to $2 billion, primarily due to the absence of the FIFA Men's World Cup and lower political advertising revenues [1] - Other revenues, which represent 10.5% of total revenues, surged 14.1% year over year to $445 million [2] Segment Performance - Cable Network Programming revenues, comprising 39.2% of total revenues, rose 1.6% year over year to $1.65 billion, despite a 22.8% drop in advertising revenues [2] - Television revenues, which account for 60% of total revenues, declined 13.4% year over year to $2.54 billion, with advertising revenues down 19.4% [2] Operating Expenses and EBITDA - Operating expenses decreased 3.8% year over year to $3.39 billion, but as a percentage of revenues, they increased by 350 basis points to 80.1% [3] - Total adjusted EBITDA fell 34.1% year over year to $350 million, with the adjusted EBITDA margin contracting 330 basis points to 8.3% [3] - Cable Network Programming EBITDA increased 59.8% year over year to $564 million, while Television reported a negative adjusted EBITDA of $138 million [3] Balance Sheet - As of December 31, 2023, Fox had $4.12 billion in cash and cash equivalents, down from $4.82 billion as of September 30, 2023 [4] - Long-term debt decreased to $7.19 billion as of December 31, 2023, from $7.44 billion as of September 30, 2023 [4]

Fox Corporation (NASDAQ:FOX) Q2 2024 Earnings Conference Call February 7, 2024 8:30 AM ET Company Participants Gabrielle Brown - Chief IRO Lachlan Murdoch - Executive Chair & CEO Steve Tomsic - CFO John Nallen - COO Conference Call Participants Ben Swinburne - Morgan Stanley Robert Fishman - MoffettNathanson John Hodulik - UBS Jessica Reif Ehrlich - Bank of America Securities Michael Morris - Guggenheim Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation's Second Quarter ...

Fox (FOXA) reported $4.23 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 8.1%. EPS of $0.34 for the same period compares to $0.48 a year ago.The reported revenue represents a surprise of +1.28% over the Zacks Consensus Estimate of $4.18 billion. With the consensus EPS estimate being $0.10, the EPS surprise was +240.00%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their ...