Goldman Sachs sets a price target of $80 for NASDAQ:FOXA, indicating an 18.12% potential upside.Fox Corporation reports a total revenue of $5.18 billion for the second quarter, a 2% increase year-over-year.Tubi, Fox's streaming service, achieves record quarterly revenue growth of 19% and reaches EBITDA profitability for the second consecutive quarter.Fox Corporation (NASDAQ:FOXA) is a prominent player in the media industry, known for its diverse portfolio that includes cable, broadcast television, and strea ...

Goldman Sachs maintains a "Buy" rating for NASDAQ:FOXA, adjusting the price target from $87 to $80.Fox Corporation reports quarterly earnings of $0.82 per share, surpassing the Zacks Consensus Estimate by 74.47%.Revenues reached $5.18 billion for the quarter, a 2.47% increase from the previous year, driven by growth in distribution and advertising revenues.Fox Corporation (NASDAQ: FOXA) is a prominent player in the media industry, known for its extensive portfolio of news, sports, and entertainment content. ...

Core Insights - Fox Corporation exceeded earnings forecasts in Q2 of the fiscal year, driven by increased ad revenue from news networks and sports programs [1] - Total revenue reached $5.18 billion, marking a 2% year-over-year increase, with companywide ad revenue rising 1% and cable advertising increasing by 7% [1] Revenue and Advertising Performance - Tubi, Fox's ad-supported streaming service, achieved record quarterly revenue growth of 19% and maintained EBITDA profitability for the second consecutive quarter [2] - Fox News added approximately 200 new advertisers in the first half of the year, building on 350 new advertisers from the previous year, indicating strong demand for its content [5] - The advertising market for Fox News has been robust, with scatter pricing for the channel increasing by 46% to 47% [9] Viewership and Ratings - Fox News was the most-watched cable network in total day, producing the top 11 cable news programs [7] - Nielsen data shows Fox News outperforming competitors like MSNBC and CNN, and in some markets, it attracted larger audiences than major broadcast networks [8] - Fox Television's ratings were bolstered by live sports, with significant viewership for marquee events, including over 27 million viewers for a Game 7 of the World Series [10] Financial Metrics and Challenges - Despite revenue growth, net income fell to $229 million from $373 million year-over-year, and adjusted EBITDA decreased to $692 million from $781 million [15] - The decline in profit margins was attributed to higher amortization of sports programming rights, increased production costs, and elevated digital and marketing expenditures [15] - Following the earnings release, shares of Fox Corp dropped nearly 4%, although the stock has risen nearly 25% over the past year [16] Capital Management - Fox Corp repurchased $1.8 billion of stock in the fiscal year to date, bringing cumulative repurchases since 2019 to $8.4 billion, which is about 35% of shares outstanding [4]

Fox Corporation on Wednesday reported its second-quarter earnings that beat analysts' estimates amid growth in advertising revenue from the company's news networks and sports programming. The company reported $5.18 billion in revenue for the second quarter of its 2026 fiscal year, an increase of 2% from the prior year quarter and above the LSEG estimate of $5.06 billion. Distribution revenues were up 4% in the quarter, driven mainly by 5% growth in Fox's cable network programming segment.Advertising revenue ...

The Television segment reported revenue of $2.94 billion . Television advertising revenue was unchanged, as growth at Tubi, additional MLB postseason games, and pricing strength across sports were offset mainly by the absence of prior-year political advertising. Television distribution revenue increased 1% on healthy growth in fees across Fox-owned and affiliated stations, while television content and other revenue declined 19% due to lower entertainment production studio revenue tied to the timing of deliv ...

Fox (NasdaqGS:FOX) Q2 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsGabrielle Brown - Head of Investor RelationsJessica Reif Ehrlich - Managing DirectorLachlan Murdoch - Executive Chair and CEORobert Fishman - CFASteve Tomsic - CFOThomas Yeh - Equity ResearchNone - Company RepresentativeConference Call ParticipantsJohn Hodulik - AnalystMichael Morris - Senior Managing Director and Senior Equity Research AnalystMichael Ng - AnalystOperatorAs a reminder, this conference is being recorde ...

Fox (NasdaqGS:FOX) Q2 2026 Earnings call February 04, 2026 08:30 AM ET Company ParticipantsGabrielle Brown - Head of Investor RelationsJessica Reif Ehrlich - Managing DirectorLachlan Murdoch - Executive Chair and CEORobert Fishman - CFASteve Tomsic - CFOThomas Yeh - Equity ResearchNone - Company RepresentativeConference Call ParticipantsJohn Hodulik - AnalystMichael Morris - Senior Managing Director and Senior Equity Research AnalystMichael Ng - AnalystOperatorAs a reminder, this conference is being recorde ...

Financial Data and Key Metrics Changes - Total revenues for the second quarter reached $5.18 billion, a 2% increase from the prior year quarter [14] - Adjusted EBITDA was $692 million, down from $781 million in the prior year quarter, due to higher expenses [15] - Net income attributable to stockholders was $229 million or $0.52 per share, compared to $373 million or $0.81 per share in the prior year [15] Business Line Data and Key Metrics Changes - Cable segment revenues were $2.28 billion with an Adjusted EBITDA of $687 million, both representing a 5% growth year-over-year [16] - Television segment reported revenues of $2.94 billion, with advertising revenues unchanged due to the absence of last year's political advertising [17] - Distribution revenue grew 4% during the quarter, with subscriber declines improving sequentially [6] Market Data and Key Metrics Changes - Advertising revenue grew 1% despite tough comparisons to last year's political cycle, driven by strong linear pricing and robust revenue growth at Tubi [14] - FOX News Digital saw a 170% increase in social media views over the prior year, indicating strong audience engagement [9] - Tubi achieved its most streamed quarter ever, with total view time growing 27% year-over-year [11] Company Strategy and Development Direction - The company emphasizes a strategy focused on live sports and news, alongside the growth of Tubi and FOX One, to reinforce its leadership position [12] - FOX One is positioned as a premier destination for live sports and news streaming, with targeted marketing to cord-cutters [6] - The company is committed to maintaining a strong balance sheet and delivering sustained growth and shareholder value through share buybacks and dividends [19][20] Management's Comments on Operating Environment and Future Outlook - Management noted a robust advertising market and expects continued strength in political advertising as the midterm elections approach [25] - The company anticipates profitability from the upcoming FIFA Men's World Cup, driven by strong advertiser interest [26] - Management expressed confidence in the strategic direction and the ability to connect with audiences across various platforms [12] Other Important Information - The company repurchased an additional $1.8 billion in shares, bringing the total repurchased to $8.4 billion since the buyback program began [19] - A semiannual dividend of $0.28 per share was announced, contributing to a total cumulative cash return to shareholders of approximately $10.4 billion [19] Q&A Session Questions and Answers Question: Can you discuss cable advertising performance and expectations for the political cycle? - The advertising market for Fox News has been robust, with 200 new advertisers added this half, reflecting strong demand [24] - The company expects to benefit from a robust political advertising cycle, particularly at local stations [25] Question: How does the company plan to offset increased costs associated with the NFL? - The company is confident in its ability to offset costs by balancing its sports portfolio and leveraging its strong content [30] Question: What is the performance of FOX One and its impact on the P&L? - FOX One has exceeded expectations, with a significant portion of its audience being sports fans, and the platform's costs are recorded in the corporate segment [38][40] Question: Can you elaborate on the improvement in subscriber declines and the drivers behind it? - The subscriber decline improved to 6.3%, driven by the emergence of skinny bundles in the cable universe [45] - The company is optimistic about the impact of skinny bundles on subscriber retention [46] Question: What are the growth drivers for Tubi's advertising revenue? - Tubi's revenue growth of 19% was driven by a 27% increase in total view time and strong advertiser demand [48]

格隆汇2月4日｜福克斯公司公布2026财年第二季度业绩，营收同比增长约2%至51.8亿美元，超过分析 师预期的50.6亿美元；调整后每股收益为0.82美元，亦超过分析师预期的0.51美元，主要得益于新闻和 体育网络强劲的广告需求以及广告支持的流媒体业务Tubi的增长。 ...

A seven-game World Series last October and continued strength at Fox News and streaming service Tubi helped Fox Corp. top revenue expectations in the October-to-December quarter. The company said Wednesday that total revenue in the fiscal second quarter inched up 2% from the year-ago period, reaching $5.18 billion. Earnings per share came in at 52 cents, and 81 cents when adjusted for one-time gains and expenses. Wall Street analysts had expected earnings per share of 52 cents and revenue of $5.03 billion. ...