Welcome to our dedicated page for Fox news (Ticker: FOX), a resource for investors and traders seeking the latest updates and insights on Fox stock.
Fox Corporation (NASDAQ: FOX) is a media company focused on news, sports, and entertainment content, and its news flow reflects activity across these areas. The company describes its primary domestic brands as FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations, and these operations generate a steady stream of corporate announcements, financial updates, and partnership news.
On this page, readers can follow Fox Corporation news such as quarterly earnings releases, segment performance commentary, and details on advertising, distribution, and content-related revenues. For example, Fox has reported financial results that break out revenues and Adjusted EBITDA by Cable Network Programming, Television, and Corporate and Other, and has discussed how digital growth led by the Tubi AVOD service, news pricing, and sports pricing and ratings affect advertising revenues.
Fox Corporation’s news also covers capital markets activity and shareholder-related developments. Recent press releases have addressed an accelerated share repurchase transaction under the company’s stock repurchase program, as well as secondary offerings of Class B common stock by trusts established for the benefit of certain members of the Murdoch family. The company has emphasized that it is not selling shares in those offerings and does not receive proceeds from them.
In addition, Fox highlights strategic and operational updates tied to its digital and streaming strategy. Tubi Media Group, a division of Fox Corporation, has announced multi-year agreements such as an exclusive distribution and advertising sales partnership with Audiochuck for top-rated true crime podcasts, including the development of a Crime Junkie FAST channel and on-demand video podcast collections across Tubi, FOX One, and third-party platforms.
Investors and observers can also find announcements about Fox executives’ participation in investor conferences and webcasts discussing financial results. Together, these items provide insight into Fox Corporation’s financial performance, digital initiatives, partnerships, and governance-related events.
Fox Corporation (NASDAQ: FOXA, FOX) reported Q3 2022 revenues of $3.46 billion, reflecting a 7% increase from the previous year. Affiliate revenues rose 5%, and advertising revenues grew by 9%, driven by strong pricing at FOX News Media and growth at Tubi. However, net income fell to $290 million from $582 million year-over-year, mainly due to investment valuation changes. Adjusted EBITDA was $811 million, down from $899 million, as higher costs outpaced revenue gains. A $4 billion stock repurchase program has been authorized.
Fox Corporation (Nasdaq: FOXA, FOX) will present its third quarter fiscal 2022 financial results in a live audio webcast on May 10, 2022, starting at 8:30 a.m. ET. The results will be released earlier that day at 8:00 a.m. ET. Investors can access the live webcast and archived presentation on Fox's investor relations website. Fox Corporation operates through notable brands including FOX News Media and FOX Sports, providing compelling content critical for audience engagement and commercial partnerships.
Fox Corporation (Nasdaq: FOXA, FOX) announced that its Chief Operating Officer, John Nallen, will participate in a keynote session at the Deutsche Bank Annual Media, Internet & Telecom Conference on March 15, 2022, at approximately 8:05 AM Eastern time. A live and archived webcast of the presentation will be available on the investor.foxcorporation.com website. Fox Corporation is known for delivering compelling news, sports, and entertainment content through brands like FOX News Media and FOX Sports.
Fox Corporation (Nasdaq: FOXA, FOX) announced that Executive Chair and CEO Lachlan Murdoch will speak at the Morgan Stanley Technology, Media & Telecom Conference on March 10, 2022, at approximately 11:35 AM Eastern (8:35 AM Pacific). A live and archived webcast will be available at investor.foxcorporation.com. Fox Corporation produces news, sports, and entertainment through brands like FOX News Media, FOX Sports, and Tubi, maintaining a strong market presence.
Fox Corporation (Nasdaq: FOXA, FOX) reported a 9% increase in total quarterly revenues to $4.44 billion for the three months ended December 31, 2021. Affiliate revenues rose 11%, with Cable Network Programming and Television segments showing notable growth. However, the company faced a net loss of $73 million, contrasting with a net income of $230 million in the prior year. Adjusted EBITDA increased 2% to $310 million. Fox declared a dividend of $0.24 per share and initiated a $4 billion stock repurchase program.
Fox Corporation (Nasdaq: FOXA, FOX) will host a live audio webcast to discuss its second quarter fiscal 2022 financial results on February 9, 2022, at 8:30 a.m. ET. Preliminary results will be available at 8:00 a.m. ET the same day. The webcast will be accessible on the company’s investor relations website, promoting transparency and engagement with stakeholders. Fox Corporation continues to produce significant content across news, sports, and entertainment, contributing to its strong market position.
Nexstar Media Group (NASDAQ: NXST) and FOX Television Stations (NASDAQ: FOXA) have launched NEXTGEN TV broadcasting on KTTV-TV, KCOP-TV, and KTLA-TV in Los Angeles, marking a significant upgrade in broadcast technology. This transition promises enhanced video and audio quality, with features such as 4K resolution and improved clarity. NEXTGEN TV aims to reach up to 45% of U.S. TV households by year-end and could potentially generate up to $15 billion in new revenue by 2030 through various applications.
Fox Corporation (Nasdaq: FOXA, FOX) announced that CFO Steven Tomsic will speak at the UBS Global TMT Virtual Conference on December 8, 2021, at 10:00 AM Eastern/7:00 AM Pacific. A live and archived webcast will be available on investor.foxcorporation.com. Fox Corporation is known for its prominent media brands including FOX News Media, FOX Sports, and Tubi. The company focuses on delivering engaging content and has a strong track record in news, sports, and entertainment.
Fox Corporation (Nasdaq: FOXA, FOX) reported Q1 2022 revenues of $3.05 billion, up 12% from $2.72 billion in Q1 2021, driven by a 17% rise in advertising revenues. Notably, net income decreased to $708 million ($1.21 per share) from $1.12 billion ($1.83 per share) the previous year, primarily due to a prior year's gain of $462 million. Adjusted EBITDA was $1.06 billion, down from $1.17 billion, influenced by increased expenses. The company launched a $4 billion stock repurchase program, repurchasing $1.34 billion of Class A stock.
Fox Corporation has appointed Stephen Potenza as the new Deputy General Counsel of FOX News Media, effective immediately. Potenza previously held a partner position at Kirkland & Ellis LLP and has extensive experience in complex litigation and regulatory matters. The company also promoted Lisa Richardson to Executive Vice President of Business & Legal Affairs, marking a significant enhancement of its legal team. Fox Corporation aims to build a world-class legal organization, emphasizing its commitment to attracting top industry talent.