Fox Corporation produces and distributes news, sports and entertainment content through FOX News Media, FOX Sports, Tubi Media Group, FOX Entertainment and FOX Television Stations. News about FOXA commonly covers financial results, distribution and advertising revenue trends, sports programming schedules, streaming initiatives and corporate presentations.
The company’s recurring updates include developments at Tubi, its free ad-supported streaming service, as well as FOX Sports event coverage, FOX News Media integrations, dividends and governance-related matters. Its business mix links live news and sports programming with broadcast television, cable networks, local stations and ad-supported digital distribution.
Fox Corporation reported its financial results for the year ended June 30, 2020, revealing total quarterly revenues of $2.42 billion, a 4% decrease from the prior year. Net income dropped to $145 million, down from $465 million, mainly due to increased impairment charges. Full year revenues rose 8% to $12.30 billion, driven by the Television segment. However, net income decreased to $1.06 billion from $1.64 billion. The company declared a dividend of $0.23 per share, payable on October 7, 2020, amid ongoing challenges posed by the COVID-19 pandemic affecting advertising revenues.
Fox Corporation (Nasdaq: FOXA, FOX) will discuss its fourth quarter and full year fiscal 2020 financial results on August 4, 2020, at 5:30 p.m. ET. Results will be released after market close on the same day. Investors can access the live audio webcast and its archive at investor.foxcorporation.com. Fox Corporation is known for its prominent brands including FOX News Media, FOX Sports, and FOX Entertainment, focusing on delivering news, sports, and entertainment content.