Fox Corporation saw varied financial performance for fiscal 2024 with third quarter revenues of
$3.45 billion and a net income of
$704 million. This was followed by a decrease in the second quarter with revenues of
$4.23 billion, and a net income of
$115 million. The first-quarter reported numbers were
$3.21 billion in revenue, and a net income of
$415 million. Fox Corporation outperformed analyst revenue forecasts for the third quarter of 2024. Major share transactions have taken place;
TCW Group Inc. and
Robeco Institutional Asset Management B.V. sold their positions, while
BNP Paribas Asset Management Holding S.A. and
Mizuho Markets Americas LLC increased theirs. Despite a dip in advertising, profits soared compared to the same quarter from the previous year which was affected by the Fox News-Dominion settlement. The exit of
Tucker Carlson lead to a significant loss in market value of nearly
$962 million. Post departure, Fox stock struggled.
Fox Corporation has embarked on a new standalone phase, with an emphasis on live news and sports.
Fox Corporation Class A FOXA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sun, 26 May 2024 00:39:28 GMT -
Rating -3
- Innovation 1
- Information 9
- Rumor -6
