The chart below shows how FOXA performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FOXA sees a -3.05% change in stock price 10 days leading up to the earnings, and a +0.03% change 10 days following the report. On the earnings day itself, the stock moves by +2.62%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Record EBITDA Growth: Fox Corporation reported a record EBITDA of $781 million for Q2, more than doubling year-over-year, driven by a 20% increase in revenue to over $5 billion.
Advertising Revenue Surge: Total company advertising revenue grew by 21% in the quarter, bolstered by record political revenue exceeding $400 million for the first half of the fiscal year.
Advertising Revenue Surge: Tubi achieved a 31% increase in advertising revenue, contributing significantly to overall growth and demonstrating strong audience engagement.
Primetime Audience Surge: Fox News ended the quarter as the most-watched cable network, with a 45% year-over-year increase in primetime audience and a record 60% share of the cable news audience.
Share Repurchase and Dividend Increase: Fox Corporation repurchased $550 million in shares this fiscal year, bringing total repurchases to approximately $6.15 billion, alongside a 27% increase in semiannual dividends, totaling around $120 million.
Negative
Free Cash Flow Deficit: Free cash flow recorded a deficit of $436,000,000 this quarter, indicating significant cash outflows during the first half of the fiscal year due to payments for sports rights and advertising receivables.
Subscriber Decline Trends: Subscriber declines improved to approximately 7%, but this still reflects a concerning trend of ongoing subscriber losses in a competitive market.
Operating Expenses Surge: Operating expenses increased by 38%, primarily due to a rise in sports amortization costs, which could pressure future profitability despite revenue growth.
Digital Distribution Setback: The decision to not move forward with the Venue sports streaming joint venture due to legal distractions represents a setback in expanding digital distribution capabilities.
Digital Segment Challenges: Digital losses are projected to remain high, with expectations of mid-$300,000,000 last year to high-$200,000,000 this year, indicating ongoing challenges in the digital segment.
Earnings call transcript: Fox Corp Q2 2025 beats estimates, stock rises
FOXA.O
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