Apple plans to launch AI-powered search tool next year - Bloomberg
Fox Corp Class B (NASDAQ:FOX) stock has achieved an all-time high, reaching a price of 55.03 USD. This milestone underscores a significant upward trajectory for the company, as its stock price has climbed by an impressive 44.1% over the past year. With a market capitalization of $26.72 billion and a P/E ratio of 12.05, InvestingPro analysis suggests the stock is currently trading below its Fair Value. The media giant’s strong performance in recent months has been driven by strategic initiatives and favorable market conditions, contributing to investor confidence and propelling the stock to new heights. The company boasts a perfect Piotroski Score of 9 and impressive revenue growth of 16.6%. This achievement marks a notable moment for Fox Corp (NASDAQ:FOXA), as it continues to capitalize on its robust portfolio and industry position. InvestingPro subscribers have access to 8 more key insights about FOX, including detailed financial health metrics showing a GREAT overall score.
In other recent news, Fox Corporation has launched its new streaming service, FOX One, offering live and on-demand access to its news, sports, and entertainment content for $19.99 per month or $199.99 annually. The platform, which aims to attract the estimated 65 million U.S. households outside the traditional cable ecosystem, includes a 7-day free trial. Additionally, starting October 2, customers will have the option to bundle FOX One with ESPN DTC Unlimited for $39.99 monthly. In another development, Fox Corporation announced the appointment of Puja Vohra as Chief Marketing Officer and Executive Vice President, Advertising Sales. Vohra will be responsible for developing and executing advertising sales marketing strategies across the FOX portfolio, which includes FOX Entertainment, FOX News, FOX Sports, and Tubi. Her role will also involve unifying messaging and positioning the collective value proposition of the company’s offerings. These recent developments highlight Fox Corporation’s strategic moves to expand its digital presence and strengthen its marketing efforts.
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