What is the revenue and EPS growth rate for Fox B year over year?

Did Fox B beat or miss consensus estimates last quarter?

What is Fox B's latest dividend and current dividend yield?

What is Fox B's gross profit margin?

What factors drove the changes in Fox B's revenue and profit?

What were the key takeaways from Fox B's earnings call?

What is the market's earnings forecast for Fox B next quarter?

What were the key takeaways from Fox B’s earnings call?

- **Revenue Growth**: 5% total revenue increase, 6% ad revenue growth despite no political ads.
- **FOX One Success**: Exceeds subscriber expectations, targeting low-mid single-digit million subscribers.
- **Tubi Milestone**: Q1 profitability with 7% revenue growth, 18% view time increase.
- **Share Buyback**: $1.5B ASR announced, reflecting strong balance sheet ($4.4B cash).
- **Sports Dominance**: NFL viewership +12%, World Series ad revenue surpassing last year.
- **FOX News Leadership**: #1 network in total day, 65% share vs. news competitors.

**【CEO Summary Section】**
- **Revenue Growth**: Total revenue increased 5% YoY, driven by 6% advertising revenue growth (despite no political ads) and 3% distribution revenue growth. EBITDA rose 2% to $1.07 billion.
- **FOX One Launch Success**: Launched in Q1 with subscriber acquisition exceeding expectations, with a balanced mix of sports (weekends) and news (weekdays) engagement. Partnerships with ESPN and Verizon are key growth drivers.
- **Sports Dominance**: NFL viewership up 12% to 22M average, FOX One World Series post-season ad revenue surpassing last year. College football viewership up 22%.
- **Tubi Milestone**: Reached profitability in Q1 with 7% revenue growth, 18% view time increase, and 6.5B social media video views.
- **FOX News Leadership**: Remains #1 network in total day and primetime, with highest Q1 ad revenue and 65% share vs. news competitors.
- **Share Buyback**: Announced $1.5B accelerated share repurchase (ASR), reflecting confidence in financial strength ($4.4B cash, $6.6B debt).

**【CFO Financial Commentary】**
- **Financial Highlights**: GAAP net income $599M (-28% YoY due to prior year political ads), adjusted EPS $1.51 (+4%). Free cash flow negative $234M (seasonal payments).
- **Segment Performance**: 
  - **Cable**: EBITDA +7% to $800M, driven by FOX News ad growth and cable affiliate fee increases.
  - **Television**: EBITDA +7% to $399M, boosted by sports ad revenue and Tubi profitability.
- **Investment Update**: $350M digital investment estimate remains conservative; Tubi's profitability may moderate future spending.

**【Q&A Key Highlights】**
- **FOX One Strategy**: Aims for low-mid single-digit million subscribers, with Amazon Prime partnership driving early success. Sports and news content differentiation key.
- **Tubi Margin Outlook**: Targeting 20-25% EBITDA margin in medium term, supported by 7% Q1 revenue growth.
- **M&A Activity**: Open to disciplined acquisitions in growth areas (e.g., digital, live sports), avoiding cable/linear entertainment risks.
- **ASR Execution**: $1.5B split 52% Class A, 48% Class B, reflecting 10% B/A discount and historical buyback mix ($5.9B A, $1B B).

FOX

FOX fundamentals

You can ask Aime