Fox Corporation Class A ((FOXA)) has held its Q4 earnings call. Read on for the main highlights of the call.
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Fox Corporation’s recent earnings call exuded a positive sentiment, underscoring significant achievements and record-breaking financial performance across various segments. The company reported robust advertising revenue growth, successful broadcasts, and strategic digital investments. Despite minor challenges in the local advertising market, the overall performance was overwhelmingly positive.
Record Financial Performance
Fox Corporation delivered record financial results in fiscal 2025, with revenue soaring by 17% to reach $16 billion. The company’s EBITDA grew by 26% to $3.6 billion, while adjusted EPS saw a remarkable increase of 39% to $4.78 per share. Free cash flow also doubled to $3 billion, marking an impressive financial year.
Strong Advertising Revenue Growth
The company experienced a 26% increase in total advertising revenue, amounting to $7 billion. This growth was fueled by strong performances across television and cable network programming segments, with political advertising revenue alone exceeding $400 million.
Successful Super Bowl Broadcast
Fox’s broadcast of Super Bowl LIX set new records for viewership and advertising, generating over $800 million in gross advertising revenue. This event highlighted Fox’s capability to leverage major sporting events for substantial financial gain.
FOX News Dominance
FOX News maintained its position as the most-watched cable network, with a 25% increase in total day audience and a 31% rise in the demo. The network captured over 60% of the cable news audience, reinforcing its dominance in the sector.
Tubi’s Impressive Growth
Tubi, Fox’s streaming platform, achieved a 17% growth in total view time and a 32% increase in revenue for the quarter. It also delivered the most streamed Super Bowl in history, boasting over 100 million monthly active users.
Share Repurchase Program
Fox announced a $5 billion increase to its share repurchase authorization, reflecting the company’s confidence in its business trajectory and financial strength.
Challenges in Local Advertising Market
The local advertising market presented a mixed picture, with strong gains in pharmaceutical segments offset by weaknesses in telecom and restaurant categories. However, these challenges were minor compared to the overall positive performance.
Forward-Looking Guidance
Looking ahead, Fox Corporation expects to maintain its strong advertising market position and continue its strategic growth initiatives. The company emphasized the importance of live sports and news as key drivers and announced the launch of FOX One, a direct-to-consumer streaming platform. Additionally, Fox outlined a $5 billion increase in their share repurchase authorization, signaling continued confidence in their financial outlook.
In summary, Fox Corporation’s earnings call painted a picture of robust financial health and strategic growth. The company achieved record-breaking results across multiple segments, underscoring its strong market position and future potential. Despite minor challenges, the overall sentiment was overwhelmingly positive, with a clear focus on sustaining growth and innovation.