Fox Corporation Class A (FOXA)

Over the past six months, FOXA's stock price has seen fluctuations, with a 13.61% rise in the last six months and a 63.75% increase over the past year. The stock reached its 52-week high of $58.74 on March 3, 2025. Key events impacting the stock include the Third Quarter Fiscal Year 2025 Earnings (May 12, 2025), where Fox Corporation reported total revenues of $4.37 billion, a 27% increase year-over-year, exceeding analysts' expectations, driven by a 65% rise in advertising revenues and a 3% increase in affiliate fees. Fox Corporation announced its new direct-to-consumer streaming service, FOX One, set to launch in Fall 2025. The appointment of a new CEO has also contributed to the stock's positive movement. Insider activity, such as the CFO selling shares, suggests ongoing executive confidence in Fox's long-term business outlook. In February 2025, Fox acquired Red Seat Ventures, a podcast and media company, to expand its reach into the podcast market, and in June 2025, Fox acquired Caliente TV in Mexico.

Demand for Fox Corporation's products and services, particularly its advertising revenue, is significantly impacted by seasonality, largely driven by major live events. Viewership and advertising revenue tend to climb during major political seasons. Big sports games and seasons, such as the NFL and College Football, are key drivers of demand. The launch of the new FOX One streaming service is strategically aligned with the fall NFL and college football seasons to drive initial adoption through high-demand sports programming. Demand for news content increases during breaking news cycles, leading to higher viewership and advertising opportunities. Fox's focus on live content and news provides more predictable income and lower risk due to consistent cash flow from traditional advertising and affiliate revenues.

Fox Corporation is an American multinational mass media company primarily engaged in the production and distribution of news, sports, and entertainment content. The company operates within the media and entertainment sector, with a strong focus on the broadcasting industry. Fox Corp.'s major products and services are delivered through several key brands and segments, including News (FOX News Media), Sports (FOX Sports Media Group), Entertainment (FOX Entertainment, FX, FXX, FXM), Television Stations (owns and operates 29 full-power broadcast television stations), Streaming and Digital Platforms (Tubi Media Group, FOX One), Content Production (Twentieth Century Fox Television, Fox 21, Bento Box Entertainment, MarVista Entertainment, TMZ, Studio Ramsay Global), and Other Ventures (Credible Labs Inc., FOX Studio Lot).

Fox Corporation's primary market and influence are concentrated in the United States, where it sells and distributes most of its products and services. Its cable network programming, television broadcasting, and digital platforms primarily cater to U.S. audiences. However, Fox International Channels extend the company's global portfolio, providing channels in Europe, Latin America, Africa, and Asia, including Fox Channel, Fox Life, FX, and Fox Sports Latin America. MarVista Entertainment, a subsidiary, has an expansive distribution footprint spanning over 125 global territories.

Fox Corporation's brand reputation has been influenced by its strong performance in news and sports, but also by ongoing legal challenges. Fox News Media has maintained its position as the most-watched television news channel in the U.S. for over 18 consecutive years and has been the most engaged news brand across social media channels for nearly seven consecutive years. The company's focus on live news and sports content attracts a large and engaged audience, contributing to its strong brand recognition. However, the company has faced legal and reputational risks from defamation lawsuits, including a previous settlement with Dominion Voting Systems over false election claims, and more recently, California Governor Gavin Newsom has sought damages and a retraction. The effectiveness of the company's marketing, customer service, and public relations efforts is crucial in maintaining a positive reputation, as negative consumer reactions can adversely impact its image.

Fox Corporation is controlled by the Murdoch family via a family trust, holding a 39.6% ownership share, with Rupert Murdoch himself having almost 40% control. The Family Trust Murdoch is the largest individual shareholder, owning 102.21 million shares, representing 22.73% of the company. Major institutional owners of Fox Corp. include Vanguard Group Inc., BlackRock, Inc., State Street Corp., Dodge & Cox, Independent Franchise Partners LLP, Geode Capital Management LLC, LSV Asset Management, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC, and Great Lakes Advisors LLC. Institutional shareholders own 78.55% of Fox, while Fox insiders own 24.12%.