The French international banking group, BNP Paribas Asset Management Holding S.A., holds a substantial stake of $8.38 million in Fox Co. (NASDAQ:FOXA), alongside notable investors like nVerses Capital LLC, Wright Investors Service Inc, and Neo Ivy Capital Management. Fox reported strong fiscal results throughout 2024, surpassing analyst forecasts with quarterly revenues as high as $4.23 billion, and net incomes exceeding $704 million. Despite outperforming earnings, it experienced a slight miss in Q4 revenue estimates. Fox's advertising revenue suffered a 20% decline due to lower ratings and a decrease in political advertising. The company secured a noteworthy advertising integration with The Trade Desk. However, the dismissal of Fox executive led to slight decrease in stock. Fox earned a 'Hold' rating from analysts, renewed all its affiliations with Sinclair, and closed Fox Bet with Flutter Entertainment plc. Unfortunately, the company also experienced a shrink of $962 million in market value after announcing Tucker Carlson's departure, causing its stocks to sink significantly. Fox announced its standalone status as a publicly traded company, and has inaugurated a new era dubbed Fox Future, despite facing speculation on social media regarding its affiliations with BlackRock.
Fox Corporation Class A FOXA News Analytics from Fri, 28 Jun 2013 07:00:00 GMT to Sun, 01 Sep 2024 13:01:27 GMT - Rating 4 - Innovation 0 - Information 5 - Rumor -5
