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Fox Corporation (NASDAQ: FOXA) |
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Price: $48.0000
$-0.32 
-0.662%
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| Day's High:
| $48.85
| Week Perf:
| -0.39 %
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| Day's Low: |
$ 47.98 |
30 Day Perf: |
2 % |
| Volume (M): |
3,971 |
52 Wk High: |
$ 50.63 |
| Volume (M$): |
$ 190,584 |
52 Wk Avg: |
$37.69 |
| Open: |
$48.69 |
52 Wk Low: |
$28.29 |
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| Market Capitalization (Millions $) |
22,272 |
| Shares
Outstanding (Millions) |
464 |
| Employees |
10,200 |
| Revenues (TTM) (Millions $) |
14,337 |
| Net Income (TTM) (Millions $) |
1,971 |
| Cash Flow (TTM) (Millions $) |
223 |
| Capital Exp. (TTM) (Millions $) |
338 |
Fox Corporation
Twenty-First Century Fox, Inc. (formerly known as News Corporation), a Delaware
corporation, is a diversified global media and entertainment company with operations
in the following five industry segments: (i) Cable Network Programming; (ii) Television;
(iii) Filmed Entertainment; (iv) Direct Broadcast Satellite Television; and (v)
Other, Corporate and Eliminations. The activities of Twenty-First Century Fox,
Inc. are conducted principally in the United States, the United Kingdom, Continental
Europe, Asia and Latin America.
Company Address: 1211 Avenue of the Americas New York, 10036 NY
Company Phone Number: 852-7000 Stock Exchange / Ticker: NASDAQ FOXA
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Customers Net Income grew by |
FOXA's Customers Net Profit Margin grew to |
56.85 % |
6.63 %
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| Stock Performances by Major Competitors |
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| Fox Corporation
Fox Corporation Financial Results: A Mixed Picture Amidst Strategic Innovations
Overview of Financial Performance
Fox Corporation (NASDAQ: FOXA) recently announced its financial results for the period of April to June 30, 2024, revealing a challenging quarter marked by declines in both earnings per share (EPS) and revenue. These results indicate a year-on-year dip in EPS by 7.46%, down to $0.69 from $0.74. Revenue also decreased by 2.15%, amounting to $3.09 billion, compared to the previous year's figures.
When juxtaposed with the preceding quarter, the performance deteriorated even further, with EPS plummeting from $1.40 and revenue dropping by approximately 10.30% from $3.45 billion. The company's net profits fell to $320 million during this quarter, a significant decline of 13.28% from $369 million a year before.
Operating margins and net margins have also declined. The operating margin decreased to 79.4%, while net margin also experienced a shrinkage to 10.35%. Furthermore, operating earnings saw a dramatic fall of 67.73%, totaling $2.455 billion. This has led to a noticeable decrease from the elevated operating margin of 240.73% recorded in the fourth quarter of 2023.
Overall, the results for the financial period of 2024 show total revenues of $13.98 billion and net profits of $1.55 billion. However, it is important to note that while EPS for the Broadcasting Media and Cable TV sector has increased by 34.33% to $3.13 from $2.33, revenue experienced a more substantial decrease of 6.26% from $14.91 billion over the same period.
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| Business Update
Published Wed, Jun 12 2024 1:47 PM UTC
In a significant push towards innovation in broadcasting and advertising, Fox Corporation (Nasdaq: FOXA, FOX; FOX or the Company) has announced an expanded partnership with FreeWheel, a global technology platform that specializes in the television advertising industry. This strategic collaboration aims to enhance dynamic ad insertion capabilities for college football broadca...
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| Fox Corporation
Fox Corporation recently announced its financial results for the third quarter of fiscal year 2024, highlighting an impressive improvement in profitability and earnings per share. Despite a significant decline in revenue, the company's positive bottom-line and overall market performance indicate its resilience and potential for growth in the future.
Financial Results:
For the fiscal period ending on March 31, 2024, Fox Corporation's profits turned positive, reporting a net income of $1.40 per share. This marks a substantial increase compared to the previous year when the company had a net loss of $0.10 per share. The earnings per share also showed significant growth by 508.7% from $0.23 per share in the previous reporting season.
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| Fox Corporation
In the most recent fiscal period ending December 31, 2023, Fox Corporation faced significant challenges as it witnessed a decline of 6.843% in revenue, which reached $4.23 billion. This led to a drastic tumble in profits by 60.34%, resulting in a profit of $0.23 per share, relative to $0.58 recorded in the same reporting season the previous year. Additionally, the earnings per share (EPS) plummeted by a staggering 71.95% from $0.82 per share. The company's net income also experienced a sharp decline of 64.17%, from $321.000 million to $115.000 million compared to the corresponding period a year ago.
Financial Performance:
Examining these figures in context, Fox Corporation encountered a mixed bag of profitability. While the operating margin improved, reaching 86.02% with $3642 million operating income, the net margin faltered at 2.72%. This indicates that although the company managed to increase its revenue, it struggled to maintain profitability.
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| Fox Corporation
Financial News Report: Fox Corporation Reports Income Contraction in Q1 2024
According to the recently released financial report for the first quarter of 2024, Fox Corporation witnessed a contraction of -25.45% in income compared to the comparable quarter a year ago. This decline occurred despite a modest revenue rise of 2.657%, with revenue reaching $3.21 billion. Earnings per share (EPS) stood at $0.82.
Comparing the first quarter of 2024 to the previous quarter, EPS surged by 10.63%, from $0.74 per share, and revenue increased by 1.487%, reaching $3.16 billion. However, net income experienced a significant decrease of -32.3%, falling to $415.0 million from $613.0 million in the corresponding period the previous year.
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| Per Share |
Current |
| Earnings (TTM) |
4.1 $ |
| Revenues (TTM) |
30.9 $
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| Cash Flow (TTM) |
0.48 $ |
| Cash |
-
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| Book Value |
24.52 $
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| Dividend (TTM) |
0.59 $ |
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| Per Share |
|
| Earnings (TTM) |
4.1 $
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| Revenues (TTM) |
30.9 $ |
| Cash Flow (TTM) |
0.48 $ |
| Cash |
-
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| Book Value |
24.52 $ |
| Dividend (TTM) |
0.59 $ |
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| Corporate and Other |
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 1.82 % |
of total Revenue |
| Eliminations |
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-1.43 % |
of total Revenue |
| Cable Network Programming |
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44.81 % |
of total Revenue |
| Television |
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54.8 % |
of total Revenue |
| Cable Network Programming Affiliate fee |
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29.1 % |
of total Revenue |
| Cable Network Programming Advertising |
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9.01 % |
of total Revenue |
| Cable Network Programming Other |
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6.71 % |
of total Revenue |
| Television Affiliate fee |
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22.62 % |
of total Revenue |
| Television Advertising |
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28.28 % |
of total Revenue |
| Television Other |
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3.9 % |
of total Revenue |
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0.36% 