FOXA Stock Recent News

Fox's entry into the streaming market by the end of 2024 is a significant shift, aligning with the 2025 NFL season. The new service will include all Fox channels, focusing on sports and news, priced high to target cord-nevers and cord-cutters. A third leg strategy is crucial to cater to customers wanting Fox Sports without Fox News, potentially involving partnerships with Disney or Comcast.

Fox Corporation is a major media player, focusing on live news and sports, and I rate them a cautious Buy rating and $57 price target. Q2 FY2025 results showed strong financial performance, with revenue up 20% and net income nearly tripling, driven by advertising and sports. Key risks include cord-cutting, Tubi's profitability, and fewer macro catalysts (Election, Olympics, Super Bowl) in 2025, likely impacting FOXA's growth and profitability.

Fox's fiscal Q2 results reflect an increase in Affiliate fees, driven by growth in the Television segment and Cable Network Programming segment.

The new service will feature all Fox content, including its news network.

Although the revenue and EPS for Fox (FOXA) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Fox Corporation (NASDAQ:FOX ) Q2 2025 Earnings Conference Call February 4, 2025 8:30 AM ET Company Participants Gabrielle Brown - Executive Vice President & Chief Investor Relations Officer Lachlan Murdoch - Executive Chair & Chief Executive Officer Steve Tomsic - Chief Financial Officer Conference Call Participants John Hodulik - UBS Michael Morris - Guggenheim Thomas Yeh - Morgan Stanley Michael Ng - Goldman Sachs Robert Fishman - MoffettNathanson Operator Ladies and gentlemen, thank you for standing by. Welcome to the Fox Corporation Second Quarter Fiscal Year 2025 Earnings Conference Call.

Fox (FOXA) came out with quarterly earnings of $0.96 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.34 per share a year ago.

Fox is planning to launch a direct-to-consumer streaming service by the end of the year, said CEO Lachlahn Murdoch. Fox has so far been on the sidelines of streaming, with the exception of its free, ad-supported service Tubi.

Fox Corp surpassed quarterly revenue and profit expectations on Tuesday, driven by higher political advertising on its news network and an uptick in commercials on its Tubi streaming service.

NEW YORK , Feb. 4, 2025 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended December 31, 2024. The Company reported total quarterly revenues of $5.08 billion, an increase of $844 million or 20% from the amount reported in the prior year quarter.