For in-depth and deep dive research on the casino and gmaing sector, subscribe to The House Edge . New: Free excerpts from our book in progress "The Smartest ever Guide to Gaming Stocks" - free to existing members and new subscribers.Fox (NASDAQ: FOXA ) is much under the radar when its overall its IP is strong, its linear business sagging but still profitable, and its Tubi streamer surging - allHoward Jay Klein has 30 years of experience as an executive and consultant in major casino operations. His backgro ...

Assay Highlights: 24GF-1471: 4.9 g/t Au over 6.4 m (0.16 oz/t Au over 23.0 ft) 24GF-1474: 13.8 g/t Au over 2.4 m (0.44 oz/t Au over 9.8 ft) 24GF-1452: 9.8 g/t Au over 2.8 m (0.31 oz/t Au over 11.2 ft) See Figure 5. All assay value intervals are true widths unless otherwise noted; TW=True Width, CW=Core Width TORONTO, Sept. 11, 2024 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to provide new assay results from its Grey Fox deposit, part of the Fox Complex located in the Timmins re ...

Core Viewpoint - Fox Corporation reported a mixed performance in its fourth-quarter fiscal 2024 earnings, with adjusted earnings per share beating estimates but revenues slightly missing consensus expectations [2][3]. Financial Performance - Adjusted earnings per share for Q4 fiscal 2024 were 90 cents, exceeding the Zacks Consensus Estimate by 8.43% and reflecting a year-over-year increase of 2.3% [2]. - Total revenues for the quarter were $3.09 billion, a 2% increase year-over-year, but fell short of the consensus mark by 0.29% [2]. - Affiliate fees, which constitute 60.1% of total revenues, rose 5% to $1.86 billion, primarily driven by a 9% growth in the Television segment [2]. - Advertising revenues, accounting for 32.6% of total revenues, decreased by 0.1% year-over-year to $1 billion, largely due to the absence of major events like the Super Bowl and FIFA Men's World Cup [2]. - Other revenues, making up 7.3% of total revenues, declined 10.7% year-over-year to $226 million [2]. Segment Performance - Cable Network Programming revenues increased by 2% year-over-year to $1.44 billion, with advertising revenues and affiliate fees rising by 2.5% and 2%, respectively [3]. - Television revenues grew by 1.8% year-over-year to $1.6 billion, with affiliate fees increasing by 9% year-over-year, while advertising revenues declined by 1.3% [3]. Operating Metrics - Operating expenses rose by 0.3% year-over-year to $1.78 billion, with operating expenses as a percentage of revenues contracting by 90 basis points to 57.7% [4]. - Total adjusted EBITDA increased by 5.2% year-over-year to $773 million, with an adjusted EBITDA margin expanding by 80 basis points to 25% [4]. - Cable Network Programming EBITDA rose by 20.2% year-over-year to $703 million, while Television reported an adjusted EBITDA of $148 million, down 34.8% year-over-year [4]. Balance Sheet - As of June 30, 2024, Fox had $4.32 billion in cash and cash equivalents, up from $3.79 billion as of March 31, 2024 [5]. - Long-term debt stood at $7.2 billion as of June 30, 2024 [5]. Market Outlook - Estimates for Fox have trended downward, with a consensus estimate shift of -12.6% over the past month [7]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [9]. - Fox's overall VGM Score is C, with a subpar Growth Score of D and a Momentum Score of F, but a value grade of B, placing it in the top 40% for this investment strategy [8]. Industry Comparison - Fox is part of the Zacks Broadcast Radio and Television industry, where Roku has gained 20.3% over the past month, reporting revenues of $968.18 million for the quarter ended June 2024, reflecting a year-over-year change of +14.3% [10].

NEW YORK and LOS ANGELES, Sept. 3, 2024 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX) today announced that Executive Chair and Chief Executive Officer Lachlan Murdoch will participate in the Goldman Sachs Communacopia & Technology Conference on Tuesday, September 10, at approximately 10:50am (Pacific), 1:50pm (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, a ...

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 ...