Dernières nouvelles pour Fox (NASDAQ:FOXA) Stock

Fox operates in two segments: cable networks and television. Cable networks primarily includes Fox News, Fox Business, and several pay-TV sports stations. Television primarily includes the Fox broadcast network, 29 owned and operated local television stations, of which 18 are affiliated with the Fox network, and streaming platform Tubi, which is not subscription-based and is completely ad-supported. Fox effectively sold most of its entertainment assets to Disney in 2019, so it no longer creates entertainment content and relies heavily on live news and sports, with nearly all tied to the pay-TV bundle. The Murdoch family controls Fox.

Fox Corp

&nbsp;Fox Entertainment and Hulu are staying in business together in a major way.
The two companies have struck a new multi-year content partnership that includes in-season streaming rights for Fox's programming slate.
The broadcast network and the Disney-owned streamer have also expanded their multi-platform marketing arrangement in the deal, which Deadline understands is worth more than $1.5B over four years with the ad-load included.
Fox got in early to renew the deal – the previous arrangement was unveiled in January 2023 and this new pact runs through 2029. It gives the network a bedrock to build out its slate of originals including dramas such as Rescue HI-Surf and Murder in a Small Town, comedies such as Animal Control and reality series such as The Masked Singer, The Floor and Gordon Ramsay's Next Level Chef.
<a href="https://deadline.com/2024/11/fox-hulu-streaming-deal-1236183347/" title="https://deadline.com/2024/11/fox-hulu-streaming-deal-1236183347/">https://deadline.com/2024/11/fox-hulu-streaming-deal-1236183347/</a>

News

FOXA

'Fox Entertainment & Hulu Extend Major Streaming Deal With Pact Worth North Of $1.5B' -Deadline

Netflix Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) made headlines over the weekend, both good and bad, thanks to its highly anticipated live boxing stream featuring Jake Paul and Mike Tyson. The younger Paul won <a href="https://www.benzinga.com/general/sports/24/11/42022601/mike-tyson-vs-jake-paul-netflixs-explosive-boxing-event-ends-with-pauls-victory">via unanimous decision.</a>
The event could be a huge win for Netflix as it ramps up live events, but Friday's fight night showed that sometimes demand is too high and can cause problems even for streamers.
What Happened: Friday&#8217;s fight card, postponed from an <a href="https://www.benzinga.com/general/sports/24/11/41985523/paul-vs-tyson-boxing-match-how-to-watch-betting-odds-what-the-stats-say-and-more" target="_blank" rel="noopener">earlier 2024 date,</a> featured the Paul vs. Tyson fight, which pitted one of the upcoming boxers and social media stars (Paul) against one of the most recognized and most awarded boxers in history (Tyson).
While Paul won the fight, many on social media Friday night labeled Netflix—or themselves as viewers—the real losers, as high traffic from the Katie Taylor vs. Amanda Serrano fight preceding the main event caused Netflix to crash.
The hashtag #NetflixCrash trended on social media platform X Friday and more than one million people around the world, from 50 countries, reported issues with their stream according to DownDetector. TechCrunch <a href="https://techcrunch.com/2024/11/16/jake-paul-vs-mike-tyson-fight-shows-netflix-still-struggles-with-live-events/">said </a>11 p.m. ET was the peak time for issues, and around 530,000 U.S. customers reported issues with their stream.
While the issues seemed to ease during the Paul vs. Tyson fight, some customers may have abandoned watching altogether due to repeated disruptions or reports of problems experienced by other subscribers.
"Over 120 million people on Netflix. We crashed the site," Paul boasted after the fight.
Netflix said over 60 million people tuned in for the Paul vs. Tyson fight, setting records along the way.
While Netflix has experimented with live comedy specials, live award shows and a live roast of Tom Brady, this was the company's biggest test to date and the stumbles could be bad news ahead of two highly anticipated National Football League games on Christmas Day.
Read Next: <a href="https://www.benzinga.com/general/entertainment/24/11/41821069/netflix-stock-hits-all-time-highs-company-confirms-stranger-things-season-5-for-2025">Netflix Stock Hits All-Time Highs, Company Confirms &#8216;Stranger Things&#8217; Season 5 For 2025</a>
What's Next: Netflix will air two games on Christmas Day, with the Kansas City Chiefs and Pittsburgh Steelers facing off at 1 p.m. ET and the Baltimore Ravens and Houston Texans facing off at 4:30 p.m. ET.
The games are <a href="https://www.netflix.com/tudum/articles/nfl-games-on-netflix">exclusive </a>on Netflix, outside of the local television markets for the teams playing in the two contests.
In case you were wondering if Friday's stumbles had Netflix or the NFL reconsidering the plans to stream games on Christmas Day, the streaming giant is already doubling down.
Netflix announced that Beyoncé will <a href="https://www.benzinga.com/24/11/42038673/netflix-scores-big-beyonce-set-to-headline-nfl-christmas-halftime-show" target="_blank" rel="noopener">perform at halftime </a>during the Ravens—Texans game in her hometown of Houston. Beyoncé will perform songs from her recent "Cowboy Carter" album and feature unnamed special guests, Netflix said.
Beyoncé previously performed during halftime of two Super Bowls, one as a headliner and one during a headline performance from Coldplay.
While Super Bowls regularly attract over 100 million viewers, which could be bad news for Netflix, it's important to remember that the average NFL game is watched by fewer people than those who tuned in for the Paul and Tyson fight.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which is the exclusive home of "Thursday Night Football" games, <a href="https://www.benzinga.com/general/sports/24/11/41918005/super-bowl-lix-betting-odds-kansas-city-chiefs-favorite-to-three-peat-can-detroit-lions-spoil-the-party-make-team-history">is averaging 13 million </a>viewers per NFL game this season through Week 9, up 4% from last season. Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>), which airs games on Sunday, is averaging 18.65 million viewers per NFL game.
The most watched game of the current NFL season is the Week 1 matchup of the Chiefs and Ravens, which aired on Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) units NBC and Peacock. The game<a href="https://www.benzinga.com/general/entertainment/24/01/36647034/peacock-has-most-livestreamed-event-in-u-s-history-with-nfl-playoffs-exclusive-can-comcast-"> had an average</a> of 29.2 million viewers.
Last season, the NFL had a streaming exclusive NFL Playoffs game on Peacock. The matchup between the Miami Dolphins and Chiefs was watched by an average of 23 million people, up 6% to the prior year's playoff game and setting records along the way.
Netflix ended the third quarter with 282.72 million global paid subscribers. Now, if every single subscriber tunes into the NFL games on Christmas Day, Netflix could have serious problems, given the Paul and Tyson fight.
However, viewership for the Christmas Day games will probably be below 60 million, and given Netflix's more than one month to get things right, fewer problems will likely occur.
NFLX Price Action: Netflix stock is up 1% to $832.70 on Monday after starting the day down. Netflix stock has traded between $445.73 and $841.00 over the last 52 weeks. The stock is up 77.8% year-to-date in 2024.
Read Next: 
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41235640/netflix-to-become-default-choice-for-tv-movies-analyst-predicts-more-live-sports-pr">Netflix To Become &#8216;Default Choice&#8217; For TV, Movies? Analyst Predicts More Live Sports, Price Increases</a></li>
</ul>
Photo: Shutterstock

Entertainment

Sports

Trading Ideas

AMZN

CMCSA

NFLX

Netflix Crash Hits Jake Paul-Mike Tyson Fight: Can Streaming Platform Handle Christmas Day NFL Action?

President-elect Donald Trump has spent the week following <a href="https://www.benzinga.com/news/24/11/41768178/donald-trump-defeats-kamala-harris-to-win-2024-election">his election win</a> penciling in cabinet picks. His choice for Defense Secretary, Pete Hegseth, is raising eyebrows. 
The Pick: Hegseth was a co-host on Fox Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) &#8220;Fox &amp; Friends,&#8221; Trump&#8217;s favorite television show. 
The Minnesota native, an Iraq and Afghanistan War veteran, has never held a government position. Hegseth has been a strong supporter of Trump since 2016.
<a href="https://apnews.com/article/trump-hegseth-defense-secretary-pentagon-2d8030921ecef933778cf92afd40ec72">According</a> to the Associated Press, Trump encouraged his supporters to buy Hegseth's book in June and said that if he won the election, "The woke stuff will be gone within a period of 24 hours. I can tell you."
Hegseth supports removing women from combat roles in the military, <a href="https://www.independent.co.uk/news/world/americas/us-politics/pete-hegseth-defense-secretary-trump-women-military-b2646325.html">according</a> to The Independent. 
Why it Matters: Trump&#8217;s selection of Hegseth surprised many Wall Street observers, <a href="https://www.barrons.com/amp/articles/trump-defense-secretary-pete-hegseth-stocks-d9af9d58">according</a> to Barron&#8217;s. The television host was not on the radar of research analysts.
Trump announced plans Tuesday to appoint Elon Musk and Vivek Ramaswamy to form the <a href="https://www.benzinga.com/government/regulations/24/11/41931503/trump-forms-doge-with-elon-musk-and-vivek-ramaswamy-at-the-helm-will-it-impact-tesla-ceos-role-at-the-ev-giant-and-spacex">&#8220;Department of Government Efficiency,&#8221;</a> aimed to &#8220;cut wasteful expenditures.&#8221; 
The sprawling U.S. military complex, which now <a href="https://fiscaldata.treasury.gov/americas-finance-guide/federal-spending/">comprises</a> 13% of the federal budget at nearly $1 trillion, has been unable to pass an independent audit for the last six years, <a href="https://www.reuters.com/world/us/pentagon-fails-audit-sixth-year-row-2023-11-16/">according</a> to Reuters.
Wall Street is apparently not worried that Musk and Ramaswamy will gut military spending to federal contractors. The iShares US Aerospace &amp; Defense ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ITA#BATS">ITA</a>) has risen over 7% since Trump&#8217;s election win. General Dynamics Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GD#NYSE">GD</a>), Lockheed Martin Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) and Rtx Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) have posted gains in that period.
What&#8217;s Next: Several Democratic Party politicians <a href="https://x.com/SenWarren/status/1856502912551158049">including</a> Senator Elizabeth Warren voiced disapproval of Trump&#8217;s pick, citing Hegseth&#8217;s lack of experience. The &#8220;Fox &amp; Friends&#8221; anchor will face a confirmation hearing in the Senate following Trump&#8217;s inauguration.
Also Read:
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<li><a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a></li>
</ul>
Photo courtesy of Wikimedia.

Government

Politics

iShares Dow Jones US Aerospace & Defense Index Fund

Trump's Surprise Defense Secretary Pick Pete Hegseth Jolts Wall Street

The Kansas City Chiefs are the only unbeaten NFL team remaining in the 2024 season and are the betting favorites to be the first team to win back-to-back-to-back Super Bowls <a href="https://www.benzinga.com/general/entertainment/24/02/37080383/three-peat-super-bowl-lix-odds-kansas-city-chiefs-back-to-back-to-back-payout">in NFL history.</a>
Here's a look at the current betting odds after the midway point of the 2024 NFL season and how it compares to the start of the season.
What Happened: The<a href="https://www.benzinga.com/topic/nfl"> National Football League</a> has wrapped 10 weeks of the 2024 season and with each team playing 17 games across 18 weeks, every team has now played at least nine of their 17 games in the season.
With teams all past the midway of their 17 games, here's a look at the current betting odds to win Super Bowl LIX from sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) and how the odds compare to back in February in parentheses after the Chiefs won their second straight Super Bowl.
<ul>
<li>Kansas City Chiefs, 9-0: +400 (+650, 2nd)</li>
<li>Detroit Lions, 8-1: +450 (+1,200, 5th)</li>
<li>Baltimore Ravens, 7-3: +600 (+900, 3rd)</li>
<li>Buffalo Bills, 8-2: +800 (+1,000, 4th)</li>
<li>Philadelphia Eagles, 7-2: +900 (+2,000, 8th)</li>
<li>San Francisco 49ers, 5-4: +1,000 (+550, 1st)</li>
<li>Minnesota Vikings, 7-2: +2,200 (Not in top 13)</li>
<li>Washington Commanders, 7-3: +2,500 (Not in top 13)</li>
<li>Pittsburgh Steelers, 7-2: +2,500 (Not in top 13)</li>
<li>Green Bay Packers, 6-3: +2,500 (+2,000, 9th)</li>
<li>Houston Texans, 6-4: +2,800 (+2,200, 11th)</li>
<li>Los Angeles Chargers, 6-3: +3,500 (+2,500, 13th)</li>
<li>Arizona Cardinals, 6-4: +4,000 (Not in top 13)</li>
<li>Cincinnati Bengals, 4-6: +4,500 (+1,300, 6th)</li>
<li>Atlanta Falcons, 6-4: +5,000 Not in top 13)</li>
</ul>
The list of the top 15 favorite teams includes five that were not among the top 13 favorites back in February. The 49ers, the betting favorites, fell to sixth with a 5-4 record. The Bengals, which had the sixth-best odds in February, fell to 14th and the only team with a losing record to be among the 15 favorites. The Lions and Eagles have moved up several places thanks to strong starts.
The 2024 NFL season could see a first-time Super Bowl winner and could even include a team that has never been to a Super Bowl. The Lions and Texans are two of the<a href="https://www.benzinga.com/general/sports-betting/24/09/40720484/which-4-teams-have-never-reached-the-super-bowl-betting-payouts-if-history-is-made-in-2024"> four teams that have never been </a>to a Super Bowl and both are among the 15 current favorites with the Lions ranked a narrow second behind the Chiefs.
The Bills, Vikings, Chargers, Cardinals, Bengals and Falcons have all been to a Super Bowl but never won, with the Bills and Vikings each having a 0-4 record in career Super Bowls.
Dropping out of the top 13 for odds were the Miami Dolphins (7th), Dallas Cowboys (10th) and New York Jets (12th), which have records of 3-6, 3-6 and 3-7, respectively.
Strong TV Ratings: The 2024 NFL season witnessed some big primetime television matchups and key rivalries that helped boost viewership.
Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), which hosts "Thursday Night Football," is seeing its best ratings with an average of 13 million viewers through week 9, up 4% year-over-year and ahead of averages of 11.86 million in the 2023 season and 9.58 million in the 2022 season, as reported by <a href="https://frontofficesports.com/nfl-tv-ratings-can-amazon-keep-up-record-tnf-pace/">FrontOfficeSports</a>.
Fox Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) is averaging 18.65 million viewers for its Sunday games, the company's highest average through week 9 since 2016.
Of the 10 most-watched NFL games for the season, five were on FOX, three were on Paramount Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NASDAQ">PARA</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PARAA#NASDAQ">PARAA</a>)-owned CBS and two were on Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>)-owned NBC. The most-watched game to date is the Week 1 Chiefs vs. Ravens matchup on NBC with 29.2 million viewers, as <a href="https://www.nytimes.com/athletic/5902219/2024/11/08/chiefs-cowboys-tv-ratings-americas-team/">reported </a>by Action Network.
The Chiefs have been featured in six of the most-watched NFL games for the 2024 season.
Read Next: 
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<li><a href="https://www.benzinga.com/general/entertainment/24/05/38625265/heres-how-much-a-super-bowl-lix-commercial-will-cost-how-fox-corporation-stock-could-benefi">Here&#8217;s How Much A Super Bowl LIX Commercial Will Cost, How Fox Corporation Stock Could Benefit</a></li>
</ul>
Photo: Shutterstock

Sports Betting

DKNG

PARA

PARAA

Super Bowl LIX Betting Odds: Kansas City Chiefs Favorite To Three-Peat, Can Detroit Lions Spoil The Party?

Super Bowl LIX Betting Odds: Kansas City Chiefs Favorite To Three-Peat, Can Detroit Lions Spoil The Party, Make Team History?

The 2024 U.S. presidential election was one of the biggest events of the year, and it showed in the record-breaking livestream <a href="https://www.benzinga.com/news/24/11/41780976/chip-stocks-like-nvidia-broadcom-taiwan-semi-gain-after-trump-win-whats-going-on">viewership across platforms on election day</a>.
What Happened: Streams Charts reported that live streams covering the election generated nearly 84 million hours of watch time &#8211; almost five times more than the viewership for the September debates between Vice President Kamala Harris and President-Elect Donald Trump. 
The dominant platform for election coverage was Alphabet Inc.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) YouTube, which accounted for over 80% of total watch time across all broadcasts. Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) came in second with 13.1% of viewership.
Peak viewership for political streams on election day hit over 9.14 million viewers, with the average number of viewers approaching 3.5 million. Audience engagement spiked closer to the end of voting and the announcement of results.
While the debates lasted just a few hours, some election day broadcasts ran non-stop from the start of voting until the results were announced.
The most-watched broadcast was Fox Corp.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) Fox News on YouTube, which peaked at over 1.14 million viewers &#8211; a historic record for the channel. Comcast Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) subsidiary NBC News came in second with nearly 616,900 peak viewers.
See Also: <a href="https://www.benzinga.com/general/entertainment/24/10/41616337/google-bought-youtube-for-1-65b-and-now-it-prints-50b-in-revenue-just-in-1-year-sundar-pich">Google Bought YouTube For $1.65B And Now It Prints $50B In Revenue Just In 1 Year</a>
Why It Matters: All the top broadcasts were on YouTube, as the platform remains the primary choice for TV networks to stream their content online.
Among individual streamers, commentators Dan Bongino and Steven Crowder on Rumble drew the largest audiences, both setting new personal viewership records. 
Streamer HasanAbi, on Amazon.com Inc.-owned (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) Twitch, also marked a historic peak of about 313,400 concurrent viewers on his Election Day coverage.
Throughout the election campaign, Trump consistently outpaced Harris in mentions on Twitch, holding around a 70% share compared to Harris&#8217; 30%. This trend continued on election day, with Trump&#8217;s mentions jumping to 104K versus Harris&#8217; 41.6K.
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/11/41795320/trumps-20-tariff-plans-could-unleash-wave-of-spending-on-big-ticket-buys-in-holiday-quarter-says-eco">Trump&#8217;s 20% Tariff Plans Could Unleash Wave Of Spending On Big Ticket Buys In Holiday Quarter, Says Economist Justin Wolfers</a></li>
</ul>
Image via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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Global

Tech

Media

GOOG

GOOGL

YouTube Trumps Rivals In Election Day Coverage With 80% Viewership Share In Streaming

Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) warrants a Buy rating, according to Goldman Sachs analyst Michael Ng.
On Monday, Fox reported <a href="https://www.benzinga.com/news/earnings/24/11/41715564/foxs-q1-earnings-revenue-and-eps-beat-political-ads-tubi-expansion-boosts-growth" target="_blank" rel="noreferrer noopener">fiscal first-quarter 2025</a> revenues of $3.56 billion, up from $3.21 billion a year ago, beating the analyst consensus of $3.37 billion. 
Ng maintains a <a href="https://www.benzinga.com/quote/FOXA/analyst-ratings" target="_blank" rel="noreferrer noopener">price target from $46 to $51</a>.
Cable Network Programming reported quarterly segment revenues of $1.6 billion, up by 15%. Television reported quarterly segment revenues of $1.95 billion, up 10%.
Also Read: <a href="https://www.benzinga.com/news/earnings/24/11/41714051/marriott-international-q3-earnings-china-market-weakness-drags-on-performance-adjusts-full-year-out" target="_blank" rel="noreferrer noopener">Marriott International Q3 Earnings: China Market Weakness Drags on Performance, Adjusts Full-Year Outlook</a>
Ng observed that Fox Corp outperformed in the first quarter of fiscal 2025, reporting EBITDA of $1.05 billion, above the expected $874 million consensus. This was driven largely by stronger-than-anticipated results in both its Cable Network Programming segment, which posted an EBITDA of $748 million, and its Television segment, which delivered $372 million.
The analyst attributed the Cable Network's success to operating expense control and Fox News Media's ratings. At the same time, Television gained from higher-than-expected political ad revenues, notably in local stations and the streaming platform Tubi, which grew 19% year-over-year.
He raised Fox's 12-month price target to $51 from $46, reflecting expectations of record political ad revenue for fiscal 2025 as Tubi's ad performance strengthens.
Ng highlighted Tubi's targeted advertising appeal in the FAST (free ad-supported streaming) category. He expects the platform to benefit from continued political ad spending.
Fox Corp anticipates Tubi's revenue to exceed $1 billion in fiscal 2025. That projection aligns with market estimates, underscoring the platform's long-term growth potential as digital ad budgets shift.
Price Action:&nbsp;FOXA stock is up 1.73% at $43.75 at&nbsp;the last check on Tuesday.
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Image: Shutterstock

Price Target

Reiteration

Analyst Ratings

Fox Corp's Political Ad Revenue Surges, Tubi Growth Sparks Analyst Optimism

Guggenheim analyst Michael Morris maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $45 to $50.

Guggenheim Maintains Buy on Fox, Raises Price Target to $50

TD Cowen analyst Doug Creutz maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Hold and raises the price target from $36 to $42.

TD Cowen Maintains Hold on Fox, Raises Price Target to $42

UBS analyst John Hodulik maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $44 to $50.

UBS Maintains Buy on Fox, Raises Price Target to $50

Goldman Sachs analyst Michael Ng maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $46 to $51.

Goldman Sachs Maintains Buy on Fox, Raises Price Target to $51

Macquarie analyst Tim Nollen maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Neutral and maintains $43 price target.

Macquarie Maintains Neutral on Fox, Maintains $43 Price Target

JP Morgan analyst David Karnovsky maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Neutral and raises the price target from $41 to $42.

JP Morgan Maintains Neutral on Fox, Raises Price Target to $42

Wells Fargo analyst Steven Cahall maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Overweight and raises the price target from $46 to $49.

Wells Fargo Maintains Overweight on Fox, Raises Price Target to $49

Deutsche Bank analyst Bryan Kraft maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Buy and raises the price target from $42 to $47.

Deutsche Bank Maintains Buy on Fox, Raises Price Target to $47

Morgan Stanley analyst Benjamin Swinburne maintains Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) with a Equal-Weight and raises the price target from $40 to $42.

Morgan Stanley Maintains Equal-Weight on Fox, Raises Price Target to $42

Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>)&nbsp;reported fiscal first-quarter 2025 revenues of $3.56 billion, up from $3.21 billion a year ago, beating the&nbsp;<a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n41711582/fox-reports-first-quarter-fiscal-2025-revenues-of-3-56-billion-net-income-of-832-million-and-adjus" rel="noreferrer noopener">analyst&nbsp;consensus of $3.37 billion</a>.&nbsp;
Adjusted net income was $672 million, or $1.45 per share, beating the&nbsp;analyst&nbsp;consensus of&nbsp;$1.11.&nbsp;It was&nbsp;up from $537 million or $1.09 per share a year ago. The stock gained after the print.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/24/11/41710716/exclusive-janover-scores-new-deal-with-real-estate-firm-for-ai-client-engagement-tools" rel="noreferrer noopener">EXCLUSIVE: Janover Scores New Deal With Real Estate Firm For AI Client Engagement Tools</a>
Cable Network Programming reported quarterly segment revenues of&nbsp;$1.60 billion, an increase of&nbsp;15% Y/Y.&nbsp;Television reported quarterly segment revenues of&nbsp;$1.95 billion, an increase of 10% Y/Y.
Affiliate fee revenues increased by 6% to $1.84 billion, driven by 10%&nbsp;growth in the Television and Cable Network Programming segments.&nbsp;
Advertising revenues increased 11% to $1.33 billion, primarily due to higher political advertising revenues at the FOX Television Stations, continued growth at Tubi, higher ratings and higher pricing in the direct response marketplace at FOX News Media, and the impact of the &#8220;Summer of Soccer&#8221; at FOX Sports, including the broadcasts of the UEFA&nbsp;European Championship and CONMEBOL&nbsp;Copa América.
The company reported&nbsp;a quarterly&nbsp;net income of $827&nbsp;million compared to $407 million Y/Y.
In the first quarter, the company bought back about $250M of its Class A common stock and under the current buyback program, about $1.15B remains.
Chair and CEO Lachlan Murdoch highlighted a solid start to fiscal 2025, citing audience growth at FOX News, record political ad revenue, accelerating revenue at Tubi, and a successful fall sports lineup. Murdoch noted that these combined factors drove impressive revenue and earnings growth for the first fiscal quarter.
Bank of America analyst Jessica Reif Ehrlich had said Fox is <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/41034849/fox-stock-thrives-on-sports-politics-strategy-analyst-says-it-will-weather-secular-" rel="noreferrer noopener">benefiting from significant sports</a> and political events, including Super Bowl LIX and the 2024 election.
Ehrlich highlighted strong ad growth in Fox&#8217;s news and political segments and nearly sold-out Super Bowl ad slots, with 30-second spots priced at $7 million. The analyst noted Fox&#8217;s resilience in linear TV, driven by sports and news while hinting at potential shifts to streaming due to linear decline.
Fox stock surged over 38% year-to-date.
Price Action: FOXA stock is up 3.87% at $43.50 at&nbsp;the last check on Monday.
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Photo by rafapress on Shutterstock

Earnings

Fox's Q1 Earnings: Revenue And EPS Beat, Political Ads, Tubi Expansion Boosts Growth

WIIM

Fox shares are trading higher after the company reported better-than-expected Q1 financial results.

Fox (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) reported quarterly earnings of $1.45 per share which beat the analyst consensus estimate of $1.11 by 30.63 percent. The company reported quarterly sales of $3.56 billion which beat the analyst consensus estimate of $3.37 billion by 5.64 percent. This is a 11.13 percent increase over sales of $3.21 billion the same period last year.

Earnings Beats

Fox Q1 2025 Adj EPS $1.45 Beats $1.11 Estimate, Sales $3.56B Beat $3.37B Estimate

The Los Angeles Dodgers won its eighth World Series title in 2024 with a comeback victory over the New York Yankees in Game 5. While the win could be great for Dodgers fans because it is the team's second title in four years, it could also help predict the <a href="https://www.benzinga.com/topic/2024-election">2024 presidential election.</a>
What Happened: The Dodgers and Yankees — the two most valuable teams in key television markets — having faced off in the 2024 World Series <a href="https://www.benzinga.com/general/sports-betting/24/10/41521768/world-series-yankees-dodgers-showdown-could-boost-fox-betting-odds-how-to-watch-matchup-of">could help</a> the quarterly financial results of Fox Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOX#NASDAQ">FOX</a>)(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>). The World Series saw strong <a href="https://sports.yahoo.com/world-series-ratings-dodgers-win-in-game-5-draws-largest-audience-in-7-years-003748091.html">viewership </a>thanks to the matchup and strong interest from Japanese fans thanks to Dodgers star Shohei Ohtani, who is from the country.
Similar to the Dodgers winning two championships in the past four years, the National Football League's (NFL) Kansas City Chiefs have had<a href="https://www.benzinga.com/news/24/02/37062134/kansas-city-chiefs-win-super-bowl-lviii-patrick-mahomes-says-we-are-not-done"> success in recent years</a>. The NFL team has Super Bowl wins in 2020, 2023 and 2024.
The Chiefs&#8217; Super Bowl <a href="https://www.benzinga.com/news/20/02/15233906/mahomes-shines-as-kansas-city-chiefs-clinch-first-super-bowl-title-in-50-years">win in 2020 </a>was its first Super Bowl championship in 50 years and kicked off a run that has the team considered one of the most recent NFL dynasties with three Super Bowl wins in four years.
Taking a look at the stats above, there's something in common, as pointed out by Ally Sammarco on <a href="https://x.com/Ally_Sammarco/status/1851981226892001530">X</a>.
In 2020, the Chiefs won the Super Bowl, the Dodgers won the World Series and Donald Trump lost the presidential election. In 2024, the Chiefs won the Super Bowl, the Dodgers won the World Series and Trump is running for president again, with the outcome to be determined.
Sammarco's post went viral on X with over two million views as the outcomes of the sports championships could be a precursor to the 2024 election and good news for the Democratic Party and Kamala Harris.
With 30 Major League Baseball (MLB) teams and 32 NFL teams, each season there is a 1/30 chance of a team winning the World Series and a 1/32 chance of a team winning the Super Bowl. Add the two outcomes together and there is a 1/960 chance of a specific MLB team and a specific NFL team each winning titles in the same year.
Of course in the case of the Chiefs and Dodgers, the teams have been good in recent years and among the favorites to win championships.
Tuesday's presidential election will determine whether the sports championships helped predict the winner or if the stat will go down only in sports history for the same two teams winning four years later.
Did You Know?
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<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent110124">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
 What's Next: Trump is currently the betting favorite to win the 2024 presidential election, with odds of -182 at BetMGM UK, which is a unit of a joint venture owned by MGM Resorts International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>) and Entain. Harris is the underdog at odds of +150. Trump has a 61.74% implied chance of winning the election based on the odds, with Harris having a 38.26% chance, according to <a href="https://www.actionnetwork.com/politics/2024-presidential-election-odds-and-predictions-what-are-candidates-chances-entering-final-weekend">data </a>from Action Network.
While there won't be a presidential election in 2025, the Dodgers and Chiefs could share in a championship stat again.
The Dodgers, fresh off their 2024 World Series title, are currently the favorites to win the 2025 World Series with odds of +400 at sportsbook DraftKings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>), ranking ahead of the Yankees at +700.
The Chiefs, the only unbeaten team in the NFL for the 2024 season with a 7-0 record, are the favorites to win Super Bowl LIX in 2025. The Chiefs have odds of +400, edging out the Detroit Lions who are the next highest with odds of +600.
A Super Bowl win by the Chiefs in 2025 would make the team the first<a href="https://www.benzinga.com/general/entertainment/24/02/37080383/three-peat-super-bowl-lix-odds-kansas-city-chiefs-back-to-back-to-back-payout"> in NFL history</a> to win three consecutive Super Bowls.
Read Next: 
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<li><a href="https://www.benzinga.com/general/sports-betting/24/10/41589659/trump-vs-harris-state-by-state-2024-election-betting-odds-which-candidate-is-favored-to-wi">Trump Vs. Harris: State-By-State 2024 Election Betting Odds, Which Candidate Is Favored To Win In Your Community?</a></li>
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Photos: Shutterstock

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