From Nasdaq Inc.:

In 2023, Fox News Digital and FOXBusiness.com performed exceptionally well, surpassing their competitors in multiplatform views, minutes, and engagement on social media. FOX News Digital emerged as the top-performing news brand in these categories, securing 20.2 billion multiplatform views, over 36.9 billion minutes, and 93.7 million monthly unique visitors. Meanwhile, Fox Corporation saw a decline in growth due to cord-cutting. Shares of the company have lost 9.2% in the past six months, and traditional pay TV subscribers declined to 51% year over year, while 35% have dropped their subscriptions. Ad revenue growth has also declined due to rising costs amid record inflation. The Zacks Consensus Estimate for second-quarter fiscal 2024 advertising revenues is pegged at $2 billion, indicating a decline of 19.9% year over year. Fox Corporation has seen a slowdown in growth due to cord-cutting, affecting its overall performance and revenue.



Read more: Fox (FOXA) News Digital Rides on Multiplatform Views in 2023