Stock Data
$2.09 (3.38%)
Asset Type
Common Stock
Exchange
NASDAQ
Currency
USD
Country
USA
Sector
COMMUNICATION SERVICES
Industry
ENTERTAINMENT
Fox Corporation, based in New York, is a major player in the news, sports, and entertainment sectors primarily in the United States. It operates through various segments, including Cable Network Programming, which focuses on news and sports content for cable and digital platforms; Television, which involves the FOX broadcast network and Tubi, an ad-supported streaming service, along with producing content for both internal use and third parties; and Other, Corporate and Eliminations, which includes the FOX Studio Lot for film and TV production services, and Credible, a consumer finance marketplace.
With management skipping guidance entirely because of Fox's pending takeover, ad momentum is all investors get to price: advertising gross margin expanded 650 basis points to 62.4%. Political ad spend is expected to build into Q4 ahead of the 2026 election.
Fox reports before the open, the first read on how much of the forecast $10 billion midterm ad cycle is actually landing in its local stations and cable news. Tubi's growth and rising sports rights costs decide whether that windfall reaches the bottom line, with read-throughs for News Corp and every local broadcaster.
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