Fox Q4 Earnings: Profit Beat, Forecasts Growth In Affiliate Fees and TV Segment, Upcoming Presidential Election, Next Super Bowl In Focus
Portfolio Pulse from Anusuya Lahiri
Fox Corp (NASDAQ:FOXA) reported Q4 2024 revenues of $3.09 billion, slightly missing analyst expectations but showing growth in affiliate fees and the TV segment. Adjusted net income beat expectations at $0.90 per share. The company anticipates a strong fiscal 2025 driven by the upcoming presidential election and the next Super Bowl. Fox also increased its semi-annual dividend and noted improvements in its advertising business.
August 06, 2024 | 4:42 pm
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Fox Corp reported Q4 2024 revenues of $3.09 billion, slightly missing analyst expectations but showing growth in affiliate fees and the TV segment. Adjusted net income beat expectations at $0.90 per share. The company anticipates a strong fiscal 2025 driven by the upcoming presidential election and the next Super Bowl. Fox also increased its semi-annual dividend and noted improvements in its advertising business.
Fox Corp's earnings report shows a mixed but overall positive performance. The slight miss in revenue is offset by the beat in adjusted net income. The anticipation of a strong fiscal 2025 due to major events like the presidential election and the Super Bowl, along with an increase in the dividend, is likely to positively impact the stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100