Fox Corporation's stock has reached an unprecedented peak, touching an all-time high of $44.91. According to InvestingPro data, the company currently trades at an attractive P/E ratio of 11.5x, with management actively supporting shareholder value through aggressive share buybacks. This milestone underscores a period of significant growth for the media giant, reflecting investor confidence and a bullish market sentiment towards the company's prospects. Over the past year, Fox Corp (NASDAQ:FOXA)'s Class B shares have witnessed a remarkable surge, with a 1-year total return of 63.94%. The company maintains strong fundamentals with a healthy current ratio of 2.59 and has raised its dividend for four consecutive years. This surge in stock value is indicative of the company's robust performance and strategic initiatives that have resonated well with investors, potentially setting the stage for continued upward momentum in the market. For deeper insights into FOX's growth potential and additional ProTips, explore the comprehensive research available on InvestingPro.
In other recent news, Fox Corporation has kicked off fiscal year 2025 with impressive financial results. The company reported an 11% revenue increase, reaching $3.56 billion, and a 21% EBITDA surge, exceeding the $1 billion mark. The robust performance is attributed to high audience engagement, particularly with FOX News, significant growth in political advertising, and a positive contribution from the sports segment, including increased MLB postseason and NFL broadcast viewership.
Despite higher expenses, especially in programming rights for FOX Sports and costs at Tubi, Fox Corporation maintains a positive outlook for the fiscal year. The company continues its $7 billion share buyback program, having repurchased $5.9 billion of shares since 2019. Television affiliate fee revenues increased by 10%, while television's other revenues rose 3%.
These are recent developments and represent the company's strategic focus and content portfolio. Analysts, such as Michael Ng, have queried the EBITDA components for fiscal 2025, expressing concerns over digital losses. In response, CFO Steve Tomsic expects the TV segment's growth to offset challenges faced due to NFL scheduling and increased sports rights costs.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.