From Nasdaq: 2024-08-06 12:03:00

Fox Corp. (NASDAQ: FOX) exceeds analyst earnings projections in Q4 2024 thanks to Tubi’s growth and strong affiliate fee revenue. Q4 revenue hits $3.09 billion, up 2% YoY, while adjusted EPS surpasses expectations at $0.90. Cable programming segment sees a 2% revenue increase to $1.44 billion, helped by strong viewership and programming strategies.

Tubi and affiliate fees drive Fox Corp.’s financial success in Q4. Tubi’s popularity grows due to content library and strategic investments, while affiliate fees increase by 5% YoY, highlighting the value of Fox Corp.’s channels to distributors. The company is positioned for further expansion, despite potential challenges in the advertising market.

Fox Corp. eyes expansion in 2025 through political advertising opportunities and the launch of Venu Sports streaming service, priced at $42.99 monthly. Market analysts maintain a “Strong Buy” consensus rating for Fox Corp. due to its strategic position in the media sector and ability to adapt to changing consumer preferences.



Read more at Nasdaq:: Fox Corp. Soars on Tubi Growth, Beats Q4 Earnings