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FOX Fox

Fox Corp. delivers compelling news, sports and entertainment content. The company provides news under the brands FOX News Media, FOX Sports, FOX Entertainment and FOX Television Stations. It operates through three segments: Cable Network Programming, Television, and Other, Corporate and Eliminations. The Cable Network Programming segment consists of the production and licensing of news and sports content distributed primarily through traditional cable television systems, direct broadcast satellite operators and telecommunication companies and online multi-channel video programming distributors. The Television segment consists of the acquisition, marketing and distribution of broadcast network programming. The Other, Corporate and Eliminations segment consists of the FOX Studio Lot, Credible Labs Inc, corporate overhead costs and intracompany eliminations. The company was founded on May 3, 2018 and is headquartered in New York, NY.

Company profile

Ticker
FOX, FOXA
Exchange
CEO
Lachlan Murdoch
Employees
Incorporated
Location
Fiscal year end
Former names
NEW FOX, INC.
SEC CIK
Subsidiaries
Bento Box Entertainment, LLC • Big Ten Network, LLC • Credible Labs Inc. • Fox B10 Channel Partner, LLC • Fox Broadcasting Company, LLC • Fox Cable Network Services, LLC • Fox News Network, LLC • Fox Sports 1, LLC • Fox Sports 2, LLC • Fox Sports Holdings, LLC ...

FOX stock data

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Calendar

10 Aug 21
27 Oct 21
30 Jun 22
Quarter (USD)
Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Jun 21 Jun 20 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Fox earnings reports.

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
29 Sep 21 Murdoch Keith Rupert RSU Class A Common Stock Grant Acquire A No No 0 556 0 93,864
29 Sep 21 Murdoch Keith Rupert RSU Class A Common Stock Grant Acquire A No No 0 490 0 82,800
29 Sep 21 Murdoch Keith Rupert RSU Class A Common Stock Grant Acquire A No No 0 101 0 17,199
29 Sep 21 Murdoch Lachlan K RSU Class A Common Stock Grant Acquire A No No 0 874 0 147,501
29 Sep 21 Murdoch Lachlan K RSU Class A Common Stock Grant Acquire A No No 0 771 0 130,111
29 Sep 21 Murdoch Lachlan K RSU Class A Common Stock Grant Acquire A No No 0 160 0 27,027
29 Sep 21 Nallen John RSU Class A Common Stock Grant Acquire A No No 0 397 0 67,045
29 Sep 21 Nallen John RSU Class A Common Stock Grant Acquire A No No 0 350 0 59,143
29 Sep 21 Nallen John RSU Class A Common Stock Grant Acquire A No No 0 72 0 12,285
29 Sep 21 Tomsic Steven RSU Class A Common Stock Grant Acquire A No No 0 158 0 26,817

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 557 504 +10.5%
Opened positions 115 78 +47.4%
Closed positions 62 115 -46.1%
Increased positions 294 101 +191.1%
Reduced positions 90 278 -67.6%
13F shares
Current Prev Q Change
Total value 23.59B 17.71B +33.2%
Total shares 539.76M 417.18M +29.4%
Total puts 1.64M 1.94M -15.9%
Total calls 2.81M 3.53M -20.4%
Total put/call ratio 0.6 0.6 +5.7%
Largest owners
Shares Value Change
Cruden Financial Services 102.21M $4.04B 0.0%
Dodge & Cox 61.88M $2.27B +41.7%
BLK Blackrock 52.75M $1.94B +30.9%
Vanguard 51.4M $1.88B +50.9%
Independent Franchise Partners 23.75M $881.68M -0.2%
STT State Street 22.09M $806.49M +46.6%
TROW T. Rowe Price 15.46M $552.58M +260.9%
Yacktman Asset Management 11.36M $405.27M +310.0%
Ninety One UK 9.29M $344.93M +2.8%
Geode Capital Management 9.14M $333.46M +41.7%
Largest transactions
Shares Bought/sold Change
Dodge & Cox 61.88M +18.21M +41.7%
Vanguard 51.4M +17.33M +50.9%
BLK Blackrock 52.75M +12.44M +30.9%
TROW T. Rowe Price 15.46M +11.18M +260.9%
Rothschild & Co Wealth Management UK 233.81K -8.83M -97.4%
Yacktman Asset Management 11.36M +8.59M +310.0%
Baupost 0 -7.61M EXIT
STT State Street 22.09M +7.02M +46.6%
Manufacturers Life Insurance Company, The 6.72M +5.78M +613.9%
American Century Companies 5.57M +5.54M +15855.5%

Financial report summary

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Risks
  • The COVID-19 pandemic and other widespread health emergencies or pandemics could materially adversely affect the Company’s business, financial condition or results of operations.
  • Declines in advertising expenditures could cause the Company’s revenues and operating results to decline significantly in any given period or in specific markets.
  • Because the Company derives a significant portion of its revenues from a limited number of distributors, the failure to enter into or renew affiliation and carriage agreements on favorable terms, or at all, could have a material adverse effect on the Company’s business, financial condition or results of operations.
  • The Company is exposed to risks associated with weak economic conditions and increased volatility and disruption in the financial markets.
  • The Company’s businesses operate in a highly competitive industry.
  • Our business is dependent on the popularity of special sports events and the continued popularity of the sports leagues and teams for which we have programming rights.
  • The inability to renew programming rights, particularly sports programming rights, on sufficiently favorable terms, or at all, could cause the Company’s advertising and affiliate fee revenues to decline significantly in any given period or in specific markets.
  • Acceptance of the Company’s content by the public is difficult to predict, which could lead to fluctuations in revenues.
  • Damage to our brands, particularly the FOX brand, or our reputation could have a material adverse effect on our business, financial condition and results of operations.
  • Our investments in new businesses, products, services and technologies through acquisitions and other strategic investments present many risks, and we may not realize the financial and strategic goals we had contemplated, which could adversely affect our business, financial condition and results of operations.
  • The loss of key personnel, including talent, could disrupt the management or operations of the Company’s business and adversely affect its revenues.
  • The Company could suffer losses due to asset impairment charges for goodwill, intangible assets and programming.
  • The degradation, failure or misuse of the Company’s network and information systems and other technology could cause a disruption of services or improper disclosure of personal data or other confidential information, resulting in increased costs, liabilities or loss of revenue.
  • Technological developments may increase the threat of content piracy and signal theft and limit the Company’s ability to protect its intellectual property rights.
  • The Company is subject to complex laws, regulations, rules, industry standards, and contractual obligations related to privacy and personal data protection, which are evolving, inconsistent and potentially costly.
  • Changes in U.S. communications laws or other regulations may have an adverse effect on the Company’s business, financial condition and results of operations.
  • The Company may be subject to investigations or fines from governmental authorities, including under FCC rules and policies, or delays in our renewal and other applications with the FCC.
  • The Communications Act and FCC regulations limit the ability of non-U.S. citizens and certain other persons to invest in us.
  • The failure or destruction of satellites or transmitter facilities the Company depends on to distribute its programming could materially adversely affect its businesses and results of operations, as could changes in FCC regulations governing the availability and use of satellite transmission spectrum.
  • The Company could be subject to significant tax liabilities.
  • Unfavorable litigation or governmental investigation results could require us to pay significant amounts or lead to onerous operating procedures.
  • Certain of the Company’s directors and officers may have actual or potential conflicts of interest because of their equity ownership in News Corp or because they also serve as officers and/or on the board of directors of News Corp.
  • Certain provisions of the Company’s amended and restated certificate of incorporation, amended and restated by-laws, Delaware law, the Company’s stockholder rights agreement and the ownership of the Company’s common stock by the Murdoch Family Trust may discourage takeovers and the concentration of ownership will affect the voting results of matters submitted for stockholder approval.
  • The Company may be unable to achieve some or all of the benefits it expects to achieve as a standalone, publicly traded company.
  • The Company has a limited operating history as a standalone, publicly traded company, and the Company’s historical financial information for periods prior to the date of the Transaction is not necessarily representative of the results the Company would have achieved as a standalone, publicly traded company and may not be a reliable indicator of the Company’s future results.
Management Discussion
  • Revenues at the Cable Network Programming segment increased for fiscal 2021 as compared to fiscal 2020 as the increases in advertising and affiliate fee revenues were partially offset by lower other revenue. The increase in advertising revenue was primarily due to higher linear and digital advertising revenue from the 2020 presidential election coverage at FOX News Media. The increase in affiliate fee revenue was primarily due to rate increases from affiliate agreement renewals and contractual rate increases on existing affiliate agreements, partially offset by a lower average number of subscribers and estimated affiliate fee credits provided as a result of the cancellation of live college football games due to COVID-19. The decrease in the average number of subscribers was due to a reduction in traditional MVPD subscribers, partially offset by an increase in digital MVPD subscribers. The decrease in other revenues was primarily attributable to lower sports sublicensing revenues and lower revenues generated from Premier Boxing Champions (“PBC”) pay-per-view events due in part to COVID-19.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Bad

Patents

GRANT
Utility
Systems and methods for tracking and tagging objects within a broadcast
26 Oct 21
The present disclosure presents an improved system and method for tracking and tagging objects of interest in a broadcast.
GRANT
Utility
Platform-independent content generation for thin client applications
12 Oct 21
A system for executing thin client applications, the system configured to: generate, by a thin client application executing on a client computing device, an initial content request identifying a platform; send the initial content request to a content provider; receive platform-independent initial content from the content provider in response to the initial content request; display the initial content on the client computing device; detect a user input associated with the initial content; send a user engagement request for secondary content; receive user-interactive secondary content server-side rendered in a platform-dependent format of the client computing device based on the platform identification; and display the secondary content on the display component.
APP
Utility
System and Method for Adjusting an Image for a Vehicle Mounted Camera
30 Sep 21
A system and method provides an image that adjusts in response to at least one vehicle mounted sensor.
APP
Utility
Relevant Secondary-device Content Generation Based Onassociated Internet Protocol Addressing
22 Jul 21
A system for relevant secondary-device content distribution based on associated internet protocol (IP) addressing, the system including: a computer processor; and a content engine executing on said computer processor and configured to: identify at least a portion of an internet protocol (IP) address associated with a computing device; build a household profile based at least on the demographic information associated with the IP address; determine that the computing device is a non-mobile television client; assign the non-mobile television client to the household profile; receive a set of content requests from a second computing device; assign, based on a proportion of the content requests exceeding the predefined threshold, the second computing device to the household profile; and provide relevant content for the second computing device and the non-mobile television client based on the demographic information.
APP
Utility
Intelligent Multi-device Content Distribution Based on Internet Protocol Addressing
22 Jul 21
A system for intelligent multi-device content distribution based on associated internet protocol (IP) addressing, including: identifying, by a computer processor, first advertising content served to a first client device; identifying a first client device IP address associated with the first client device, where the first client device is linked to a household profile; submitting, to a content exchange service, a request for content placement opportunities; receiving content placement opportunities from the content exchange service, where one or more content placement opportunities identify at least a portion of a second client device IP address of a second client device; linking the second client device to the household profile; selecting second advertising content based on the first advertising content; and providing the second advertising content for the content placement opportunity to be displayed on the second client device.