Core Viewpoint - Fox Corp. is positioned to benefit from upcoming political and sports events, which are expected to drive ad revenue and improve financial performance despite recent revenue declines [1][15]. Financial Performance - Fox reported a higher net income for fiscal 2023-24 compared to 2022-23, although revenue decreased by 6% due to a drop in advertising revenue, which fell by 18% due to the absence of major events [3][5]. - The company has a current ratio of 2.54, indicating strong liquidity, and holds $4.30 billion in cash, which is two-thirds of its long-term debt [5][6]. - The stock has shown low volatility, with a 52-week range of $28.29 to $40.12, making it attractive for capital preservation [9][10]. Strategic Initiatives - Fox has secured broadcasting rights for significant upcoming events, including the 2024 presidential election, Euro '24, Copa America '24, and the FIFA World Cup in 2026, which are expected to enhance ad revenue [11][12][15]. - The company is collaborating with Disney and Warner Bros. Discovery to launch the Venu Sports Streaming Service, which aims to capture a share of the growing streaming market [13][14]. Leadership and Management - Rupert Murdoch has stepped down as CEO, with his son Lachlan taking over, which may influence the company's strategic direction and management of potential conflicts of interest [2][15]. Stock Valuation - Fox's stock is valued at a price-earnings ratio of 11.72, which is competitive compared to its peers, indicating that the stock may be fairly valued given its earnings growth [8][16]. - The company has implemented a significant share buyback program, purchasing $4.6 billion worth of shares, which has contributed to the increase in earnings per share [9][16].

DULUTH, Ga., Aug. 27, 2024 (GLOBE NEWSWIRE) -- Fox Factory Holding Corp. (Nasdaq: FOXF) (the “Company”), a global leader in performance and adventure products, released its third annual sustainability report, detailing progress made over the last year. Rooted in a commitment to innovation and pushing potential further, Fox Factory is making advancements across all four of its strategic frontiers: Planet, People, Product, and Business Fundamentals. The report provides a comprehensive overview of accomplishme ...

By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email.Access your favorite topics in a personalized feed while you're on the go. download the appThanks for signing up! Go to newsletter preferencesSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewThe cable bundle's decline is rapidly accelerating, and ...

Key TakeawaysFuboTV shares took off following a judge's ruling blocking launch of a new sports streaming service from Walt Disney, Fox, and Warner Bros. Discovery.The judge said FuboTV likely would win it argument that the partnership violated antitrust laws.The three companies disagree and plan to appeal. Shares of FuboTV (FUBO) surged further Monday after a judge ruled in favor of the company in its antitrust challenge to a planned joint sports streaming service by The Walt Disney Co. (DIS), Fox Corp. (FO ...

A federal judge on Friday put on pause a plan by Walt Disney, Fox and Warner Bros Discovery to launch a new sports streaming platform, saying that FuboTV is likely to be successful in proving its claim that the partnership would be anti-competitive.US District Judge Margaret Garnett in New York said in the ruling that a temporary injunction blocking the new streaming venture was appropriate.Fubo said in its Feb. 20 lawsuit that the proposed venture would “destroy competition and inflate prices for consumers ...

The Zacks Broadcast Radio and Television industry has been grappling with an escalation in cord-cutting despite a surge in demand for streaming content. However, industry players such as Netflix (NFLX) , Fox (FOXA) , Roku (ROKU) and TEGNA (TGNA) are reaping the benefits of a massive spike in digital content consumption. These companies are thriving due to their diverse content offerings, which include original, regional, and short-form content tailored for small screens like smartphones and tablets. Improve ...

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, 2024 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) (State or other jurisdiction of incorpor ...

Key TakeawaysFox Corporation reported a better-than-anticipated profit and higher revenue, with growth in its affiliate fees and its Tubi free TV and movie streaming service.Affiliate fees rose 5% from a year ago, while advertising revenue was little changed.CEO Lachlan Murdoch said Fox's momentum could carry into the new fiscal year, with “another major event cycle" including the presidential election and Super Bowl. Fox Corporation (FOXA) shares jumped more than 5% in early trading Tuesday after the media ...

Fox Corporation (FOXA) reported fourth-quarter fiscal 2024 adjusted earnings per share of 90 cents, which beat the Zacks Consensus Estimate by 8.43%. The figure increased 2.3% year over year.Revenues increased 2% year over year to $3.09 billion. The figure missed the consensus mark by 0.29%.Affiliate fees (60.1% of total revenues) rose 5% to $1.86 billion, driven primarily by 9% growth in the Television segment.Advertising revenues (32.6% of total revenues) decreased 0.1% year over year to $1 billion, prima ...

Fox (FOXA) reported $3.09 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 2%. EPS of $0.90 for the same period compares to $0.88 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.1 billion, representing a surprise of -0.29%. The company delivered an EPS surprise of +8.43%, with the consensus EPS estimate being $0.83.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compar ...