Fox Corporation operates as a news, sports, and entertainment company in the United States. The company operates through three segments: Cable Network Programming; Television; and Other, Corporate and Eliminations. The Cable Network Programming segment produces and licenses news, business news, and sports content for distribution primarily through cable television systems, direct broadcast satellite operators, telecommunications companies, and online multi-channel video programming distributors. It operates FOX News, a national cable news channel; FOX Business, a business news national cable channel; FS1 and FS2 multi-sport national networks; FOX Sports Racing, a video programming service that comprises motor sports programming; and FOX Soccer Plus, a video programming network for live soccer and rugby competitions; FOX Deportes, a Spanish-language sports programming service; and Big Ten Network, a national video programming service. The Television segment acquires, produces, markets, and distributes broadcast network programming. It operates The FOX Network, a national television broadcast network that broadcasts sports programming and entertainment; MyNetworkTV, a programming distribution service; Fox Alternative Entertainment, a full-service production studio that develops and produces unscripted and alternative programming; Bento Box, which develops and produces animated programing; and Tubi, a free advertising-supported video-on-demand service. This segment owns and operates 29 broadcast television stations. The Other, Corporate and Eliminations segment owns the FOX Studios lot that provides production and post-production services, including 15 sound stages, 2 broadcast studios, theaters and screening rooms, editing bays, and television and film production facilities in Los Angeles, California. The company was incorporated in 2018 and is based in New York, New York.
IPO Year:
Exchange: NASDAQ
Website: foxcorporation.com
Date | Price Target | Rating | Analyst |
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12/14/2021 | $40.00 → $37.00 | Neutral | Macquarie |
11/5/2021 | $29.00 → $33.00 | Sell | Goldman Sachs |
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CNN Sees Year-Over-Year Declines with Multiplatform Minutes, Views and Unique Visitors FOX News Sees 20% Year-Over-Year Growth on YouTube FOX News finished 2024 as the top news brand with multiplatform views and minutes while seeing yearly growth across all metrics, according to Comscore. For the year, FOX News Digital secured 41 billion total multiplatform minutes (up 11% vs. 2023), 21.1 billion total multiplatform views (up 5% vs. 2023) and averaged 110.7 million total digital multiplatform unique visitors per month.* Comparatively, CNN saw declines despite the historic presidential race with multiplatform views (down 4% vs. 2023), minutes (down 3% vs. 2023) and unique visitors (down
National multimedia sports platform OutKick finished Q4 2024 with most growth among its custom competitive set across all main metrics versus Q4 2023. The platform saw 7.8 million average monthly desktop and mobile unique visitors, up 28% versus Q4 2023, 97 million total multiplatform views, up 33% versus the prior year quarter, and 91 million total multiplatform minutes, up 25% versus Q4 2023, according to Comscore. In commenting on the digital performance, Senior Vice President and Managing Editor Gary Schreier said, "OutKick's growth comes from having common sense and authenticity across our platform. This has been the foundation of OutKick and has generated an increased demand for our
NEW YORK and LOS ANGELES, Jan. 16, 2025 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX)) will discuss second quarter fiscal 2025 financial results via a live audio webcast beginning at 8:30 a.m. ET / 5:30 a.m. PT on February 4, 2025. Results will be released at approximately 8:00 a.m. ET / 5:00 a.m. PT on February 4, 2025. A live audio webcast of the presentation, and the archived webcast, will be available at investor.foxcorporation.com. About Fox CorporationFox Corporation produces and distributes compelling news, sports, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media G
Will Cain to Take Over 4 PM/ET Weekday Timeslot on FOX News Channel FOX News Channel's ‘The Big Weekend Show' Expands to 6-8 PM/ET ‘The Fox Report' Expands to Two Hours from 3-5 PM/ET ‘The Big Money Show' Expands to Two Hours on FOX Business Network, Adds Dagen McDowell FOX News Media (FNM) will unveil a series of programming changes across FOX News Channel (FNC) and FOX Business Network (FBN), announced FNM CEO Suzanne Scott. Beginning on January 21, FOX & Friends Weekend co-host Will Cain will take over the 4 PM/ET weekday timeslot on FNC with The Will Cain Show. FOX News contributor Charlie Hurt will replace Cain as co-host of FOX & Friends Weekend beginning January 18. The Fox R
FNC's ‘The Five' Smashes Records as the Number One Cable News Program in Viewers and Becomes First Non-Prime Program Ever to Deliver Over Four Million Viewers in Fourth Quarter Late Night Hit ‘Gutfeld!' is Most-Watched in A25-54, ‘Jesse Watters Primetime' Tops in A18-49 FNC is Highest-Rated Network Across the Board for all Political Coverage with Most Politically Diverse Audience in Cable News FNC Captures 72% of the Cable News Audience Post-Election and Notches 374 Top Telecasts, MSNBC and CNN Audiences Continue to Flee as CNN Delivers Smallest Audience in Network History FOX News Channel (FNC) continued to break ratings records in 2024, finishing the year with the highest share of
National multimedia sports platform OutKick delivered back-to-back months with double digit year over year growth in November 2024 with 7.7 million total desktop and mobile unique visitors, up 21% versus November 2023, 34 million total multiplatform views, up 39% versus the prior year, and 32 million total multiplatform minutes, up 38% versus November 2023, according to Comscore. In commenting on the digital performance, Senior Vice President and Managing Editor Gary Schreier said, "OutKick continues to drive the conversation where sports, culture and politics intersect. The platform's tenacity in taking on stories that others are afraid to cover but everyone is talking about has led to o
FOX News Digital Leads News Brands with Multiplatform Minutes and Views, While CNN Delivers Year-Over-Year Declines FOX News finished November as the top news brand on YouTube securing over 400 million video views during a historic election month, according to Shareablee. As Americans voted in an historical election, FOX News Digital marked its best month since November 2020 leading news brands with multiplatform views and minutes, according to Comscore. For the month, FOX News Digital secured 4.5 billion total multiplatform minutes (up 57% over November 2023), 2.4 billion total multiplatform views (up 43% over last year) and 114.9 million total digital multiplatform unique visitors (up 3
Episode One Premieres Today with First Guests Sylvester and Jennifer Flavin Stallone FOX News Channel's Sean Hannity will host a new long-form interview show for FOX Nation entitled, "Sean" premiering today on the platform, announced Lauren Petterson, its president. The new series will feature in-depth sit-down interviews with a variety of guests spanning the world of sports, entertainment, and politics. Episode one kicks off with iconic actor, writer and director Sylvester Stallone alongside his wife, entrepreneur, and model Jennifer Flavin Stallone. This Thursday, December 5th, Hannity will serve as the emcee of FOX Nation's signature Patriot Awards, a ceremony which honors and recogn
NEW YORK and LOS ANGELES, Dec. 2, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX)) today announced that Chief Financial Officer Steve Tomsic will participate in the upcoming UBS Global Media and Communications Conference on December 9, at approximately 12:00pm (Eastern), 9:00am (Pacific). 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, and entertainment content through its primary iconic domestic brands, including FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations and Tubi Media Group. These brands hold cultural significance wit
FNC is Television's Most-Watched Primetime Channel Since Election, Only Network to Notch Growth Post-Election MSNBC Audience Sinks by 47%, CNN Viewership Craters by 33% FNC is Most-Watched Television Network on Election Day and During Vice President Harris' Concession Speech ‘Gutfeld!', ‘The Faulkner Focus', ‘Outnumbered' and ‘America Reports' Mark Highest-Rated Month Since Respective Launches FOX News Channel (FNC) commanded its highest-share of the cable news audience in network history across total day, holding 62% of the cable news audience during the historic election month, according to data from Nielsen Media Research. Leading across every category, FNC marked 45 consecutive
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The Weather Channel App's Ari Sarsalari Also Joins FOX Weather Team FOX Weather, FOX News Media's free ad-supported streaming television "FAST" weather service, has signed Mike Seidel as a meteorologist and storm specialist, announced its president, Sharri Berg. Seidel, who was most recently at The Weather Channel, made his FOX Weather debut over the weekend in Florida covering the start of now Hurricane Debby and continued live coverage through the overnight hours when it made landfall. Additionally, Ari Sarsalari has departed The Weather Channel App to join the FOX Weather team effective today. In making the announcement, Berg said, "We are thrilled to add Mike to our outstanding line
Katherine Moran Meeks has been named General Counsel of FOX News Media, announced Suzanne Scott, its CEO. Meeks will begin her new role on August 19th, while Bernard T. Gugar has stepped down from his position as General Counsel and Executive Vice President of Corporate Development. Meeks will report directly to Scott with further reporting responsibilities to Fox Corporation's Chief Legal and Policy Officer Adam Ciongoli. In making the announcement, Scott said, "We are delighted to welcome Kate to FOX News Media and look forward to her tackling the legal intricacies of the ever-evolving media landscape. We thank Bernard for his incredibly hard work and extensive contributions over the la
Correspondent Max Gorden to Join FOX Business Network FOX Weather will begin to simulcast on FOX Business Network (FBN) weekday mornings from 5-6 AM/ET beginning Monday, July 15th with FOX Weather First co-anchored by Britta Merwin and Craig Herrera. Leading into FBN's Mornings with Maria each morning, the live daily simulcast will complement FOX Weather's existing weekend morning simulcast on FBN which has been in place since December 2021. The launch begins at the start of what has been predicted to be an active hurricane season, with Hurricane Beryl recently becoming the most powerful hurricane on record in the months of June and July. Additionally, FOX Weather correspondent Max Go
Verify Beta to Upgrade to a Dedicated Zero-Knowledge Blockchain Built with Polygon CDK NEW YORK, June 18, 2024 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (NASDAQ:FOXA, FOX))) today announced the next phase of development for its open-source protocol for content verification and licensing, Verify. FOX shared that global media brand TIME has come on board as its first external publishing partner, utilizing the Verify protocol as a principal piece of its content licensing and content verification strategy. FOX released Verify on the public Polygon Proof-of-Stake (PoS) network in January 2024 to establish the origin and history of original journalism by cryptographically signing in
‘Unsolved with James Patterson' Now Available on FOX Nation FOX Nation has debuted a new true crime series, Unsolved with James Patterson, announced Lauren Petterson, president of the platform. Hosted by critically acclaimed author James Patterson, the three-part series dropped today. In making the announcement, Petterson said, "For decades, James Patterson has captivated the country with his bestselling titles, and we are thrilled to bring his incredible talents in storytelling and suspense to FOX Nation." Patterson added, "I was totally gripped by these cases. The fact that they are real-life stories– and that we may help bring justice to the victims and their families – is very spe
Trey Gargano Promoted to Executive Vice President Ryan Roelle Elevated to Senior Vice President, National Sales FOX News Media (FNM) has named a new advertising sales leadership team, announced Jeff Collins, president of advertising sales, marketing and brand partnerships for Fox Corporation. Effective immediately, Trey Gargano will serve as executive vice president of ad sales, overseeing all FNM platforms, including FOX News Channel, FOX Business Network, FOX News Digital, FOX News Audio, FOX Weather and FOX Nation. He will replace Collins, who was recently elevated to president of the division for FOX Corporation. Additionally, Ryan Roelle has been promoted to senior vice president o
Four-Part Series "Liberty or Death: Boston Tea Party" to Premiere on Sunday, November 19th FOX Nation, FOX News Media's streaming service, will debut a new docudrama hosted by award-winning actor Rob Lowe commemorating the upcoming 250th anniversary of the Boston Tea Party, announced Jason Klarman, president of the platform. Entitled Liberty or Death: Boston Tea Party, Lowe will also executive produce the four-part historical series which will premiere on Sunday, November 19th. In making the announcement, Klarman said, "The Boston Tea party was a momentous event that transformed the trajectory of American history and remains significant nearly 250 years later. Throughout this series, vi
Sud Joins as Tubi Becomes the Most Watched Free TV and MovieStreaming Service in the U.S. SAN FRANCISCO, July 17, 2023 /PRNewswire/ -- Tubi (www.tubi.tv), Fox Corporation's (NASDAQ:FOXA, FOX))) free ad-supported streaming service, today announced the appointment of Anjali Sud as Chief Executive Officer for the company, effective September 1, 2023. Sud, who will report to Paul Cheesbrough, CEO of Tubi Media Group, joins as Tubi recently became the most watched free ad-supported TV streaming service in the U.S. "Anjali is a highly accomplished executive in the technology and media industry with a passion and track record for strategic disruption and authentic leadership," said Paul Cheesbroug
FOX News Media has named Bernard T. Gugar as General Counsel and Executive Vice President of Corporate Development, announced its CEO Suzanne Scott, to whom he will report. Mr. Gugar will begin his new role effective immediately. In making the announcement today, Ms. Scott said, "We are pleased to welcome Bernard to the FOX News Media team. His extensive expertise and highly accomplished background will add immeasurable value to our thriving multiplatform brand." Mr. Gugar added, "I am excited to join one of the most influential news operations in the world and look forward to utilizing my experience spanning media, law and technology to help FOX News Media grow, evolve and develop a dive
Macquarie reiterated coverage of Fox with a rating of Neutral and set a new price target of $37.00 from $40.00 previously
Goldman Sachs reiterated coverage of Fox with a rating of Sell and set a new price target of $33.00 from $29.00 previously
NEW YORK, Nov. 4, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", )) today reported financial results for the three months ended September 30, 2024. The Company reported total quarterly revenues of $3.56 billion, an increase of $357 million or 11% from the amount reported in the prior year quarter. Affiliate fee revenues increased 6%, driven by 10% growth at the Television segment and 3% growth at the Cable Network Programming segment. Advertising revenues increased 11%, primarily due to higher political advertising revenues at the FOX Television Stations, continued growth at Tubi, higher ratings and higher pricing in the direct response marketplace at FO
FOX REPORTS FULL YEAR FISCAL 2024REVENUES OF $13.98 BILLION, NET INCOME OF $1.55 BILLION, ANDADJUSTED EBITDA OF $2.88 BILLION NEW YORK, Aug. 6, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", ))) today reported financial results for the three and twelve months ended June 30, 2024. Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said: "Fiscal 2024 was another successful year for FOX with very clear achievements across our portfolio, including delivering strong total company affiliate revenue growth each quarter from our ongoing renewals, cementing Tubi's position as the most watched free TV and movie streaming service
NEW YORK, May 8, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", ))) today reported financial results for the three months ended March 31, 2024. The Company reported total quarterly revenues of $3.45 billion as compared to the $4.08 billion reported in the prior year quarter. Affiliate fee revenues increased 4%, driven by 9% growth at the Television segment and 1% growth at the Cable Network Programming segment. Advertising revenues were $1.24 billion as compared to the $1.88 billion reported in the prior year quarter, primarily due to the absence of the prior year broadcast of Super Bowl LVII and fewer NFL games at FOX Sports. Other revenues were $274 mi
FOX Nation has acquired exclusive rights to the Matthew McConaughey narrated, hour-long film "Deep in the Heart," announced Lauren Petterson, president of the platform. Available today through the fall, the film is a celebration of the landscape, wildlife and wonder that can only be found in McConaughey's home state of Texas. In commenting on the acquisition, Petterson said, "It's an honor to offer Matthew McConaughey's renowned storytelling to FOX Nation's viewers in this breathtaking film spotlighting all of nature's greatest elements of the Lone Star state." Told through the eyes of species ranging from the blind catfish to the ocelot, the film follows the ever-changing relationship
NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", ))) today reported financial results for the three months ended December 31, 2023. The Company reported total quarterly revenues of $4.23 billion as compared to the $4.61 billion reported in the prior year quarter. Affiliate fee revenues increased 4%, driven by 10% growth at the Television segment. Advertising revenues decreased 20%, primarily due to the absence of the FIFA Men's World Cup ("Men's World Cup") at FOX Sports, lower political advertising revenues at the FOX Television Stations due to the absence of the 2022 midterm elections, and the impact of elevated supply in the direct res
FOX REPORTS FULL YEAR FISCAL 2023 REVENUES OF $14.91 BILLIONNET INCOME OF $1.25 BILLION, ANDADJUSTED EBITDA OF $3.19 BILLION NEW YORK, Aug. 8, 2023 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", ))) today reported financial results for the three months and twelve months ended June 30, 2023. Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said: "Fiscal 2023 showcased the very best of FOX's portfolio while achieving record annual revenue and EBITDA. From the exceptional sports calendar that included Super Bowl LVII and the FIFA Men's World Cup, to the record-breaking political midterm cycle and the impressive growth seen
NEW YORK, May 9, 2023 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX))) ("FOX" or the "Company") today reported financial results for the three months ended March 31, 2023. The Company reported total quarterly revenues of $4.08 billion, an 18% increase from the $3.46 billion reported in the prior year quarter. Advertising revenues increased 43%, primarily reflecting the impact of Super Bowl LVII, a higher volume of NFL games and continued growth at Tubi. Affiliate fee revenues increased 3% with 9% growth at the Television segment. Other revenues were essentially unchanged from the prior year quarter. The Company reported a quarterly net loss of $50 million as compared to net income of $29
DECLARES $0.25 SEMI-ANNUAL DIVIDEND AND ANNOUNCES INCREMENTAL $3 BILLION STOCK REPURCHASE AUTHORIZATION INCLUDING $1 BILLION ACCELERATED SHARE REPURCHASE TRANSACTION NEW YORK, Feb. 8, 2023 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX))) ("FOX" or the "Company") today reported financial results for the three months ended December 31, 2022. The Company reported total quarterly revenues of $4.61 billion, a 4% increase from the $4.44 billion reported in the prior year quarter. Affiliate fee revenues increased 1% led by 6% growth at the Television segment. Advertising revenues increased 4%, primarily reflecting the impact of the FIFA Men's World Cup ("World Cup") and strong NFL results at FO
NEW YORK, Nov. 1, 2022 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX))) ("FOX" or the "Company") today reported financial results for the three months ended September 30, 2022. The Company reported total quarterly revenues of $3.19 billion, a 5% increase from the $3.05 billion reported in the prior year quarter. Affiliate revenues increased 3% led by 6% growth at the Television segment. Advertising revenues increased 8%, primarily due to higher political advertising revenues at the FOX Television Stations, continued strength in pricing across the Company's news and sports brands, and continued growth at TUBI. Other revenues increased 5%, primarily due to higher FOX Nation subscription re
FOX REPORTS FULL YEAR FISCAL 2022 REVENUES OF $13.97 BILLION, NET INCOME OF $1.23 BILLION, AND ADJUSTED EBITDA OF $2.96 BILLION NEW YORK, Aug. 10, 2022 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX, ", FOX", or the ", Company", ))) today reported financial results for the three months and twelve months ended June 30, 2022. Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said: "We completed another successful year at FOX, with Fiscal 2022 results demonstrating the strength and durability of our core brands and their ability to deliver consistent audiences across the entirety of FOX. These results validate the strategy we embarked on three years ago –
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