Fox Corporation (NASDAQ:FOXA) has been in the spotlight for multiple factors ranging from the release of their quarterly fiscal reports, stock movements, to institutional investments and sell-offs. Coming to their financial performance, their
Q3 2024 revenues summed up to
$3.45 billion, net income of
$704 million, and
Adjusted EBITDA of $891 million and also surpassed Analyst Revenue Forecasts. Institutional investors such as Forsta AP Fonden and Mirae Asset Global Investments Co. Ltd. increased their stake in FOXA, while Swiss National Bank and Sumitomo Mitsui Trust Holdings Inc. reduced their holdings. The advertisement integration with The Trade Desk, which is poised to strengthen their advertising portfolio, was another noteworthy development. In a significant move, Fox announced FOXUTURE studio lot project, marking their commitment towards innovation. Interestingly, Fox's stock hit a new 52-week high at
$36.63 indicating strong investor sentiment. However, these developments were challenged by the exit of prominent anchor
Tucker Carlson, leading to a
$962 million dip in market value. The Corporation also faced examination due to rumors of a merger with News Corp.
Fox Corporation Class A FOXA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sun, 21 Jul 2024 06:00:37 GMT -
Rating 5
- Innovation 3
- Information 8
- Rumor 2
