Stock Track | Fox Corporation Reports Soaring Q1 Revenue and Earnings, Fueled by Political Ads and Streaming Growth

Stock Track11-04 22:33

Fox Corporation reported strong financial results for the first quarter of fiscal year 2025, with revenue and earnings surpassing Wall Street estimates. The media conglomerate recorded revenue of $3.56 billion, an 11% increase from the prior year period and higher than the $3.37 billion consensus estimate.

A key growth driver for Fox in the quarter was a surge in political advertising revenue across its channels, including Fox News, ahead of the U.S. presidential election. As viewers tuned in for live election coverage and updates, the company benefited from heightened ad spending by political campaigns and interest groups.

Fox's ad-supported streaming service Tubi also experienced significant growth, contributing to an 11% increase in overall advertising revenue to $1.33 billion. The company's chief executive, Lachlan Murdoch, highlighted the continued momentum of Tubi, citing its ability to attract cord-cutters and capitalize on the growing demand for streaming content.

In addition to advertising gains, Fox saw a 6% increase in affiliate fee revenue from cable and satellite providers, aided by rate increases and a loyal subscriber base. The company's broadcast of major sporting events, such as the UEFA European Championship and CONMEBOL Copa América, further bolstered revenue and viewership during the quarter.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1174271295?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-04 22:33","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1174271295","market":"hk","top_or_hot":-1,"title":"Stock Track | Fox Corporation Reports Soaring Q1 Revenue and Earnings, Fueled by Political Ads and Streaming Growth","media":"Stock Track","content":"<p>Fox Corporation reported strong financial results for the first quarter of fiscal year 2025, with revenue and earnings surpassing Wall Street estimates. The media conglomerate recorded revenue of $3.56 billion, an 11% increase from the prior year period and higher than the $3.37 billion consensus estimate.</p>\n\n<p>A key growth driver for Fox in the quarter was a surge in political advertising revenue across its channels, including Fox News, ahead of the U.S. presidential election. As viewers tuned in for live election coverage and updates, the company benefited from heightened ad spending by political campaigns and interest groups.</p>\n\n<p>Fox's ad-supported streaming service Tubi also experienced significant growth, contributing to an 11% increase in overall advertising revenue to $1.33 billion. The company's chief executive, Lachlan Murdoch, highlighted the continued momentum of Tubi, citing its ability to attract cord-cutters and capitalize on the growing demand for streaming content.</p>\n\n<p>In addition to advertising gains, Fox saw a 6% increase in affiliate fee revenue from cable and satellite providers, aided by rate increases and a loyal subscriber base. The company's broadcast of major sporting events, such as the UEFA European Championship and CONMEBOL Copa América, further bolstered revenue and viewership during the quarter.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Fox Corporation Reports Soaring Q1 Revenue and Earnings, Fueled by Political Ads and Streaming Growth</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Fox Corporation Reports Soaring Q1 Revenue and Earnings, Fueled by Political Ads and Streaming Growth\n</h2>\n\n<h4 class=\"meta\">\n\n2024-11-04 22:33 北京时间&nbsp;&nbsp;&nbsp;<strong>Stock Track</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Fox Corporation reported strong financial results for the first quarter of fiscal year 2025, with revenue and earnings surpassing Wall Street estimates. The media conglomerate recorded revenue of $...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FOXA","symbol_name":"福克斯-A","start_time":0,"source_url":"","article_id":"1174271295","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1174271295","pubTimestamp":1730730791,"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Fox Corporation reported strong financial results for the first quarter of fiscal year 2025, with revenue and earnings surpassing Wall Street estimates. The media conglomerate recorded revenue of $3.56 billion, an 11% increase from the prior year period and higher than the $3.37 billion consensus estimate.A key growth driver for Fox in the quarter was a surge in political advertising revenue across its channels, including Fox News, ahead of the U.S. presidential election. As viewers tuned in for","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"FOXA":"福克斯-A"},"translate_title":"福克斯公司报告称，在政治广告和流媒体增长的推动下，第一季度收入和盈利飙升","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOXA":1},"content_text":"Fox Corporation reported strong financial results for the first quarter of fiscal year 2025, with revenue and earnings surpassing Wall Street estimates. The media conglomerate recorded revenue of $3.56 billion, an 11% increase from the prior year period and higher than the $3.37 billion consensus estimate.\nA key growth driver for Fox in the quarter was a surge in political advertising revenue across its channels, including Fox News, ahead of the U.S. presidential election. As viewers tuned in for live election coverage and updates, the company benefited from heightened ad spending by political campaigns and interest groups.\nFox's ad-supported streaming service Tubi also experienced significant growth, contributing to an 11% increase in overall advertising revenue to $1.33 billion. The company's chief executive, Lachlan Murdoch, highlighted the continued momentum of Tubi, citing its ability to attract cord-cutters and capitalize on the growing demand for streaming content.\nIn addition to advertising gains, Fox saw a 6% increase in affiliate fee revenue from cable and satellite providers, aided by rate increases and a loyal subscriber base. The company's broadcast of major sporting events, such as the UEFA European Championship and CONMEBOL Copa América, further bolstered revenue and viewership during the quarter.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1174271295"}