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 ...

Fox (FOXA) came out with quarterly earnings of $0.90 per share, beating the Zacks Consensus Estimate of $0.83 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 8.43%. A quarter ago, it was expected that this TV broadcasting company would post earnings of $0.98 per share when it actually produced earnings of $1.09, delivering a surprise of 11.22%.Over the last four quarters, the compa ...

Group 1: Financial Performance - Fox reported total sales of $3.09 billion for the fiscal fourth quarter, a 2% increase from the previous year, aligning with Wall Street estimates [1] - Net income decreased to $320 million from $369 million year-over-year, with EPS at 68 cents compared to 74 cents, while adjusted EPS rose to 90 cents from 88 cents, exceeding expectations [1][2] - Affiliate fee revenues increased by 5%, driven by 9% growth in the Television segment and 2% growth in the Cable Network Programming segment [2] Group 2: Advertising and Revenue Insights - Advertising revenues remained flat compared to the prior year, with gains from Fox Sports and Tubi offset by lower ratings and pricing at the Fox Network [2] - "Other" revenues were reported at $226 million, down from $253 million in the prior year, primarily due to lower third-party content sales [2] Group 3: Strategic Outlook - The company anticipates a boost in political advertising and ratings due to the upcoming Presidential Election and Super Bowl in fiscal 2025 [3] - Fox's strategy and financial strength are highlighted as key factors for future shareholder value [3] Group 4: Corporate Developments - A family succession battle is ongoing, with Rupert Murdoch attempting to settle control of the family business, which could impact the future of Fox News [4] - Fox is set to launch a new sports streaming joint venture, Venu Sports, priced at $43.99 a month, amidst competition from Fubo [4]

Exhibit 99.1 EARNINGS RELEASE FOR THE QUARTER AND FISCAL YEAR ENDED JUNE 30, 2024 FOX REPORTS FOURTH QUARTER FISCAL 2024 REVENUES OF $3.09 BILLION NET INCOME OF $320 MILLION, AND ADJUSTED EBITDA OF $773 MILLION FOX REPORTS FULL YEAR FISCAL 2024 REVENUES OF $13.98 BILLION NET INCOME OF $1.55 BILLION, AND ADJUSTED EBITDA OF $2.88 BILLION NEW YORK, NY, August 6, 2024 – Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three and twelve months ended June 30, 202 ...