The FOX reported a revenue report that was blown away on Tuesday, and the live sports schedule accumulated with the 2024 presidential election increased by 20 % to $ 5.1 billion from the previous year, with net income of 300 million. The number of $ 80 million has been increased more than twice.
Advertising revenue has increased by more than $ 2.4 billion in the last quarter, increasing more than $ 400 million compared to the previous year.
The earning report occurred one quarter of the quarter of the first quarter of the first quarter of the first quarter. FOX’s free streaming service Tubi has also grown significantly.
In the second quarter of the company, it also includes positive impacts from the election, and quoted as a growth driver as a compelling World Series and NFL matchups.
The current quarter can be a big deal for the company thanks to the Super Bowl LIX, which will be hosted on February 9. FOX says that it secured more than $ 8 million with a 30 -second advertisement and had a long waiting list. A brand that wants to buy a spot spot. The Fox Sports was won in the latest quarter of the major league -based ball -baseball World Series, College Football and National Football League.
“The only disappointment in sports is not to move forward with VENU, a sports streaming joint venture between Warner Brothers Discovery and Disney,” said CEO’s Lachlan Murdoch to the analyst on the morning phone. “Eventually, the legal precution of business has become more and more difficult to get bare,” he said, he said he would not move the streamer focused on sports. I added.
Fox News has been evaluating the cable news business since President Trump’s election in November. Murdoch told an analyst that cable news channel is “a new client that comes to the network for an increase in demand from existing blue chip advertisers and a record -looking share of viewers.”
“Momentum and rating share continues after taking office on the day and in office,” Murdoch said that Fox News had exceeded his colleagues at a 24 -hour cable news arena in the second quarter.
Murdoch also talks about the FOX, which is about to start consumer services by the end of 2025. I told the analyst.
Fox Corp. has almost free from the competitive streaming arena, except to release a free advertising streamer Tubi. MURDOCH did not give much details or brands for new DTC services, but the overall package was “Overall of our content, sports, and news”.
This suggests that Fox News content is part of consumer provision and may be distributed as part of the abandoned Venu service.
In addition, Murdoch has argued that FOX Sports content will continue to be distributed to multiple platforms, including conventional linear television networks, cable TV, digital MVPD, and FOX’s unique DTC services. He added that his goal was to protect the conventional linear television services and expand his reach through streaming advertising dollars.
“The conventional cable bundle is still most valuable for consumers and the most valuable for us, so we are a huge supporter of traditional cable bundles, and we are always so. Murdock claims.
In other words, he added that the first expectation for the provision of DTC would be “modest”, which means that we do not aim to change existing cable TV subscribers into streaming customers. “But, even so, we want to reach the consumer wherever we are, and now the population outside the conventional cable bundle is now large,” said Murdoch.
Fox Corp.’s boss emphasized how his proposed DTC has continued with a streaming platform focusing on the proposed Venu Sports. According to Murdoch, “I wanted another distribution outlet to access the market consumer no matter where the brand is, in the near future.”
