Shares of Fox Corporation (NASDAQ: FOX )(NASDAQ: FOXA ) have done pretty well over the last twelve months. Shares are up 38% thanks to higher viewership, the rapid rise of its Tubi service (its free streaming platform), andI'm an insurance Case Manager with a deep interest in investing. My investment philosophy is all about buying high quality stocks and great businesses. My favorite businesses are those led by disciplined capital allocators, earn exceptional returns on capital, and can compound their inves ...

Oct 2, 2025 9:30 AM Eastern Daylight Time Share Viant continues to invest in outcome-driven CTV advertising, highlighted by its acquisition of IRIS.TV, a leading provider of contextual and emotional data for streaming. In addition to the integration with Viant, Tubi's vast collection of content is now enabled with the IRIS_ID, giving advertisers buying programmatically precise contextual and emotional targeting, activation and measurement of video-level contextual and emotional data. These capabilities enab ...

We came across a bullish thesis on Fox Corporation on Accrued Interest’s Substack by Simeon McMillan. In this article, we will summarize the bulls’ thesis on FOX. Fox Corporation's share was trading at $55.43 as of September 23rd. FOX’s trailing and forward P/E were 11.29 and 13.50 respectively according to Yahoo Finance. Copyright: wihtgod / 123RF Stock Photo Tubi, Fox Corporation’s wholly owned free, ad-supported streaming service (FAST), has demonstrated notable growth, with its viewership share reac ...

The Fox News studios and headquarters in New York City on Tuesday, March 21, 2023. (AP Photo/Ted Shaffrey)Copyright 2023 The Associated Press. All rights reserved.Streaming dominates the headlines, but little else grabs viewers’ attention like live sports and events. These events’ massive audiences give advertisers one of the most powerful platforms in media. Just think about the hype around ads during the Super Bowl or the number of ads during a regular season NFL.This legendary broadcaster consistently ai ...

Company Overview - Fox Corporation (FOXA) has a market cap of $27 billion and is a leading U.S.-based media company delivering news, sports, and entertainment through brands like FOX News, FOX Sports, the FOX Network, and Tubi [1] - The company operates across four segments: Cable Network Programming, Television, Credible, and FOX Studio Lot, reaching audiences through broadcast, cable, digital platforms, and production services [1][2] Stock Performance - FOXA shares have declined marginally from a 52-week high of $62.69, but the stock has increased nearly 13% over the past three months, underperforming the Nasdaq Composite's 17.2% return [3] - Year-to-date, FOXA stock is up 28.5%, surpassing the Nasdaq's over 18% gain, and has climbed 55.2% over the past 52 weeks compared to the Nasdaq's over 28% surge [4] Financial Results - In Q4 2025, FOXA reported adjusted EPS of $1.27 and revenue of $3.29 billion, but shares fell 3.7% due to rising SG&A expenses, which increased 9.5% year-over-year, impacting margins [5] - Advertising growth is viewed as less durable due to tough year-over-year comparisons linked to the absence of UEFA and Copa América broadcasts [5] Analyst Sentiment - Analysts remain cautiously optimistic about FOXA, with a consensus rating of "Moderate Buy" from 20 analysts, and the stock is trading above the mean price target of $60.29 [6]

Core Insights - Fox Corp. is considering an investment in TikTok, which has 170 million users in the US, providing a platform to promote various TV programming and potentially redeem past investment failures like MySpace [1][5] - The investment is part of a consortium that includes Oracle Corp., Andreessen Horowitz, and Silver Lake Management, and is being facilitated by the US government [2] - The Trump administration is advocating for the sale of TikTok's US operations due to concerns over data privacy, requiring its Chinese owner, ByteDance, to divest or face a ban [3] Group 1 - A partnership with TikTok would enable Fox to engage younger audiences and promote its broadcast and streaming services, including Tubi and Fox One [4] - Rupert Murdoch's previous acquisition of MySpace for $580 million in 2005 ended in a significant loss, selling it for $35 million six years later, highlighting the risks of social media investments [5] - The Murdoch family controls both Fox and News Corp., with a history of successful minority investments, such as a 2.4% stake in Flutter Entertainment and an option for a 19% stake in FanDuel [6] Group 2 - Rupert Murdoch, despite retiring as chairman in 2023, remains influential in major decisions, potentially gaining a voice in a significant social media platform [7] - The proposed TikTok investment follows Elon Musk's acquisition of Twitter, which has faced challenges in maintaining revenue growth [8]

Core Insights - Lachlan Murdoch's recent financial maneuvers indicate a significant consolidation of power within Fox Corp. and News Corp., controlling approximately one-third of the voting shares in both companies [1][2] - The establishment of a new holding company, LGC HoldCo, involved a $1 billion loan from JPMorgan Chase to facilitate the buyout of his siblings' stakes, with a total transaction value of $3.3 billion [2][3] - The resolution of the family trust dispute allows Lachlan to solidify his leadership role, following a court ruling that favored his siblings in a challenge against their father's attempts to concentrate power [4][5] Company Performance - Fox Corp. reported a 7% increase in advertising revenue to $1.1 billion in the latest quarter, contributing to an overall revenue of $3.3 billion and a net income of $720 million, which doubled year-over-year [15] - The growth in Fox's revenue is attributed to its streaming service Tubi and Fox News, with projections indicating significant future revenue from non-cable TV sources [16] - News Corp. exceeded analyst expectations with $2.1 billion in revenue, driven by a 6.7% increase in quarterly revenue at Dow Jones and a 9% rise in digital-only subscriptions [18] Strategic Moves - Lachlan's leadership has seen successful acquisitions, such as the majority stake in fintech Credible and the ad-supported streaming service Tubi, which has grown to over 100 million monthly users [12][13] - The digital real estate unit, including REA Group, reported a 4% year-over-year revenue increase, indicating a stable performance in a mature media environment [19] - Discussions around a potential merger between News Corp. and Fox Corp. were deemed "not optimal" for shareholders, reflecting ongoing concerns about asset valuation and market performance [20][21]

Group 1 - The company is experiencing strong momentum across all brands, with significant growth in advertising and distribution revenues [1] - The strategic decision made in 2019 to sell the majority of entertainment assets to Disney has proven successful, positioning the company favorably in the media ecosystem [1] - The interplay between FOX One and Tubi enhances distribution opportunities, allowing the company to reach consumers and viewers more effectively [1] Group 2 - Tubi has a substantial audience, reaching 60 million cordless customers in the United States, indicating its potential for growth and engagement [2]

Group 1 - The company is experiencing strong momentum across all brands, with significant growth in advertising and distribution revenues [1] - The strategic decision made in 2019 to sell the majority of entertainment assets to Disney has proven to be successful and well-timed [1] - The interplay between FOX One and Tubi enhances distribution opportunities, allowing the company to reach consumers and viewers more effectively [1] Group 2 - Tubi has a substantial audience, reaching 60 million cordless customers in the United States, indicating its significant market presence [2]

Summary of Fox (NasdaqGS:FOX) 2025 Conference Company Overview - **Company**: Fox Corporation - **Event**: Fireside Chat at the Goldman Sachs Communicopia Technology Conference - **Date**: September 10, 2025 Key Points Industry and Business Strategy - **Overall Performance**: Fox's businesses are performing well, with strong momentum in advertising and distribution revenue [5][6] - **Strategic Shift**: The strategy initiated in 2019, following the sale of entertainment assets to The Walt Disney Company, has been successful, resulting in nearly $5 billion increase in revenue since then [7] - **Revenue Breakdown**: Approximately $2 billion of the revenue increase is attributed to advertising, and another $2 billion from distribution [7] - **EBITDA Growth**: EBITDA has increased by nearly $1 billion, with $8.5 billion returned to investors [7] Tubi and Direct-to-Consumer Strategy - **Tubi's Audience**: Tubi targets 60 million cord-cutters in the U.S., which is a significant market opportunity [5] - **Path to Profitability**: Tubi is on track to profitability, with reinvestment of capital into Fox One, the company's direct-to-consumer business [6] - **Fox One Launch**: Launched on August 21, 2025, at $19.99 per month, Fox One has exceeded initial expectations in terms of consumer demand [14] - **Bundling Strategy**: Plans to bundle Fox One with other providers, including an ESPN bundle launching on October 2 at $39.99 per month [15] Advertising Market Insights - **Strong Upfronts**: Fox experienced double-digit volume increases in advertising during the upfronts, indicating strong demand across sports and news [16] - **Sports Rights**: The premium portfolio of sports rights, including NFL and college football, drives advertising demand [17] - **Tubi's Position**: Tubi's free service model allows it to reach over two-thirds of its audience in the cord-cutting market, making it attractive to advertisers [18] Strategic Priorities - **Focus on Traditional Brands**: Fox News remains the number one channel in cable, and the company aims to continue growing its traditional brands [19] - **Digital Growth Investments**: Investments in digital platforms, including Fox One and Tubi, are prioritized for future growth [20] FanDuel Investment - **FanDuel Option**: Fox has an option to acquire 18.6% of FanDuel, valued at $3.1 billion based on current market valuations [11] - **Licensing Process**: Engaging with 26 states for licensing, the resolution of control related to the Murdoch Family Trust simplifies this process [12] Additional Insights - **Market Position**: Fox's CPMs for advertising are significantly lower than broadcast networks, attracting more advertisers [19] - **Audience Engagement**: The combination of news and sports content on Fox One has been effective in driving audience engagement [14]