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 |
---|---|---|---|
12/14/2021 | $40.00 → $37.00 | Neutral | Macquarie |
11/5/2021 | $29.00 → $33.00 | Sell | Goldman Sachs |
NEW YORK and LOS ANGELES, Feb. 18, 2025 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA, FOX)) today announced that Chief Financial Officer Steve Tomsic will participate in the upcoming Barclays Communications and Content Symposium on February 25, at approximately 10:25am (Eastern), 7:25am (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 wi
LOS ANGELES, Feb. 12, 2025 /PRNewswire/ -- Fox Corporation (NASDAQ:FOXA) (NASDAQ:FOX) today announced that the presentation of Super Bowl LIX on FOX and Tubi generated over $800 Million in gross revenue from advertising sales across all platforms, with record pricing for the sold-out game. "The clear winners Sunday night were the Eagles, the NFL, and FOX. Congratulations to our teams at FOX Sports and Tubi for a record-breaking and historic Super Bowl LIX, the most-watched, most-streamed, and most successful Super Bowl ever," said Lachlan Murdoch, Executive Chair and CEO, Fox Corporation. FOX Sports Super Bowl LIX Highlights New Orleans hosted an unforgettable Super Bowl that saw a record-s
LOS ANGELES, Feb. 10, 2025 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (NASDAQ:FOXA, FOX)) today announced its acquisition of Red Seat Ventures, a leading business in the creator economy that powers talent across a range of genres as they build their direct-to-consumer media businesses. Red Seat Ventures will operate as a standalone entity within FOX's Tubi Media Group. Paul Cheesbrough, CEO of Tubi Media Group, assumes the role of Chairman, Red Seat Ventures. The Red Seat Ventures executive team, led by founding partners Chris Balfe and Kevin Balfe, will continue to lead and operate the business. "The creator economy is one of the fastest growing media categories worldwide by m
NEW YORK and LOS ANGELES, Feb. 10, 2025 /PRNewswire/ -- John Nallen has been named President and Chief Operating Officer of Fox Corporation ("FOX" or the "Company") (NASDAQ:FOX, FOXA)) and has signed a new long-term employment agreement through June 2028, the Company announced today. Mr. Nallen is a member of the Office of the Chairman and previously served as Chief Operating Officer. "John has been instrumental in the continued evolution of FOX and a key partner to me for many years," said Fox Corporation Executive Chair and Chief Executive Officer Lachlan Murdoch. "We greatly value his ongoing impact and his strategic vision and are pleased that he will continue to help guide the strong op
FOX News Channel (FNC) has signed Lara Trump to host a new weekend primetime program entitled My View with Lara Trump, announced FOX News Media Chief Executive Officer Suzanne Scott. Premiering on February 22nd, the new program will air on Saturdays from 9-10 PM/ET. One Nation with Brian Kilmeade will be moved to Sundays from 10-11 PM/ET. In making the announcement, Ms. Scott said, "A gifted communicator who knows how to connect to the viewers, successful entrepreneur and working mother, Lara's innate understanding of the American public and today's political landscape will be a compelling addition to our weekend lineup." Ms. Trump added, "I'm thrilled to bring my voice back to FOX News
FOX News Marks its Second-Best Month Ever on YouTube, Becomes the Top News Brand for Third Consecutive Month FOX News finished January 2025 as the top news brand on YouTube with 410 million video views leading the nearest competitor NBC News by 145%, according to Emplifi. FOX News has now solidified itself as the top news brand on YouTube marking the third consecutive month at number one in the news competitive set and its second-best month on YouTube ever. Notably, FOX News led NBC News by 242 million views during January, its widest gap the network has seen over the competition in history. Compared to December 2024, FOX News saw an increase of 74% with YouTube video views and led compet
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. Affiliate fee revenues increased 6%, driven by 9% growth at the Television segment and 4% growth at the Cable Network Programming segment. Advertising revenues increased 21%, primarily due to higher political advertising revenues, the impact of higher MLB postseason ratings and NFL pricing, continued digital growth led by the Tubi AVOD service, and stronger news
FOX News Channel's (FNC) chief political anchor Bret Baier will conduct a wide-ranging interview with President Donald Trump during the FOX SUPER BOWL LIX PREGAME show on Sunday, February 9th in the 3 PM/ET hour. The pre-taped interview will take place at Mar-a-Lago in Palm Beach, FL and will focus on the changes the Trump administration has enacted since the Inauguration and the first 100 days of his presidency. Additional portions of the interview will air during the Monday, February 10th edition of Special Report with Bret Baier (6-7 PM/ET) and will publish online on FOXNews.com. This marks Baier's first one-on-one interview with the president since June 2023. As chief political anchor
FNC Secures Top 603 Cable News Telecasts Post-Election, Continues to Hold 71% of Audience Share Post-Election ‘America's Newsroom', ‘The Faulkner Focus', ‘Outnumbered' and ‘America Reports' Notch All Time Highs, ‘The Faulkner Focus' Tops ABC's ‘The View' in January For the First Time Ever CNN and MSNBC Reach New Lows, Delivering Lowest-Rated January Ever with Total Day and Primetime Demo FOX News Channel (FNC) delivered its highest-rated January in cable news history and marked 23 consecutive years as the number one network in cable news, according to data from Nielsen Media Research. In primetime (8 – 11 PM/ET), FNC delivered 2.8 million viewers and 353,000 in the 25-54 demographic,
Hosted and Executive Produced by Costner, Episode One will Premiere on Saturday, February 8th Three-Part Series Sequels Costner's Original Hit FOX Nation Series "Yellowstone: One-Fifty" FOX Nation has signed its second deal with Academy Award-winning actor and filmmaker Kevin Costner for a three-part limited series entitled "Yellowstone to Yosemite with Kevin Costner," announced Lauren Petterson, president of the streaming platform. Hosted and executive produced by Costner, the release follows the breakout success of Costner's "Yellowstone: One-Fifty," which premiered on FOX Nation in 2022. Episode one will debut on Saturday, February 8th, kicking off the steaming platform's year-long "
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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
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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
LOS ANGELES, Feb. 10, 2025 /PRNewswire/ -- Fox Corporation ("FOX" or the "Company") (NASDAQ:FOXA, FOX)) today announced its acquisition of Red Seat Ventures, a leading business in the creator economy that powers talent across a range of genres as they build their direct-to-consumer media businesses. Red Seat Ventures will operate as a standalone entity within FOX's Tubi Media Group. Paul Cheesbrough, CEO of Tubi Media Group, assumes the role of Chairman, Red Seat Ventures. The Red Seat Ventures executive team, led by founding partners Chris Balfe and Kevin Balfe, will continue to lead and operate the business. "The creator economy is one of the fastest growing media categories worldwide by m
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. Affiliate fee revenues increased 6%, driven by 9% growth at the Television segment and 4% growth at the Cable Network Programming segment. Advertising revenues increased 21%, primarily due to higher political advertising revenues, the impact of higher MLB postseason ratings and NFL pricing, continued digital growth led by the Tubi AVOD service, and stronger news
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