Fox Corporation Class A (FOXA) has demonstrated a
strong performance in Q1 2025, as conveyed in the recent news articles. The company beat
earnings expectations, causing its stock to rise while positively influencing analysts' forecasts for the forthcoming quarter. Fox achieved
revenues of $3.56 billion, with a net income of $832 million and adjusted EBITDA of $1.05 billion in Q1. Meanwhile, the
shares gap up following an upgrade and price target revisions by Evercore ISI, UBS Group, Macquarie, Guggenheim, Deutsche Bank, and Goldman Sachs. Fox Corporation also highlighted strategic changes segment wise, having its
President of Advertising Sales announce strategic realignment of the team. However, there were also reports of
share selling activities: for instance, Fox Corp CFO Steven Tomsic sold $1.03m in stock; also, Rupert Murdoch's trust sold $4.2 million in Fox stock. Despite turmoil in global markets and some high-profile hedge funds betting against it, it seems like Fox's strong performance has given it a solid footing, as evidenced by the acquisition of its shares by other stakeholders such as Robeco Institutional Asset Management B.V. and Livforsakringsbolaget Skandia Omsesidigt.
Fox Corporation Class A FOXA News Analytics from Thu, 04 Jun 2015 17:56:31 GMT to Thu, 07 Nov 2024 13:12:39 GMT -
Rating 8
- Innovation 2
- Rumor -4
