Fox Corp stock soars to all-time high of $47.82

In a remarkable display of market confidence, Fox Corporation's stock has surged to an all-time high, reaching a pinnacle of $47.82. With a market capitalization of $21.8 billion and a P/E ratio of 12.3, this significant milestone underscores a period of robust performance for the media giant, which has seen its stock value climb an impressive 60.52% over the past year. Investors have rallied behind Fox's strategic moves and strong earnings reports, propelling the stock to new heights and marking a standout moment in the company's financial history. The company maintains a healthy financial position with a current ratio of 2.59 and offers a dividend yield of 1.16%. The 52-week journey to this record-breaking level reflects a bullish sentiment in the media sector, with Fox Corp (NASDAQ:FOXA) leading the charge among its peers. InvestingPro analysis reveals the stock is currently undervalued, with 8 analysts recently revising their earnings expectations upward. Discover 11 additional exclusive ProTips and comprehensive analysis in the Pro Research Report.

In other recent news, Fox Corporation has kicked off its fiscal year 2025 on a high note, reporting an 11% increase in revenue to $3.56 billion and a 21% rise in EBITDA, crossing the $1 billion threshold. This robust financial performance is attributed to high audience engagement, especially with FOX News, and significant growth in political advertising. The company's sports segment also witnessed a surge, particularly in MLB postseason and NFL broadcast viewership among younger demographics. Despite a rise in expenses, notably in programming rights for FOX Sports and costs at Tubi, the company's strategic focus and content portfolio have fostered a positive outlook for the fiscal year. It's worth noting that Fox Corporation anticipates strong advertising revenue post-election, especially in sports and news segments. Analyst Michael Ng expressed concerns over digital losses, to which CFO Steve Tomsic responded that the TV segment's growth is expected to offset these challenges. These are among the recent developments for Fox Corporation.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.