Latest news with #FoxCorp
Reuters
16 hours ago
- Business
- Reuters
Fox expands sports broadcast rights with Caliente TV acquisition in Mexico
June 19 (Reuters) - Fox Corp (FOXA.O), opens new tab has acquired sports-focused streaming platform and television channel Caliente TV to expand its sports broadcasting presence in Mexico, the company said on Thursday. The move allows Fox to tap into the growing appetite for premium sports content by acquiring broadcast rights to the UEFA Champions League, France's Ligue 1, and select Liga MX matches through Caliente TV. With this acquisition, the company said it would develop a multi-platform business, including the launch of a new pay TV channel and a subscription video‑on‑demand service to complement its free, ad-supported Tubi platform. Fox said Carlos Martinez, its executive vice president and managing director for Latin America, will oversee the rollout of new sports channels and streaming platforms in Mexico and Central America, which are expected to employ more than 350 people. Martinez has over three decades of broadcast industry experience in Latin America, holding executive roles at companies such as Turner, Discovery and Fox, the company said. The company declined to provide financial details when contacted by Reuters. Last month, the Murdoch family-controlled company said its new subscription-based streaming service Fox One will launch before the fall American football season, as it seeks to reach audiences beyond its mainstay cable television business. In the March quarter, more advertisers turned to the owner of Fox News, Fox Sports and Tubi to tap its growing viewership. The company beat third-quarter revenue estimates last month.
CNBC
17 hours ago
- Business
- CNBC
Fox acquires sports broadcasting platform Caliente TV
Fox Corp. said Thursday that it has acquired Caliente TV, a Mexican sports broadcasting platform, as the media company aims to expand its sports programming and attract more customers to its streaming services. The company did not disclose the amount or terms of the deal. In a news release, Fox said Carlos Martinez, who has worked at Turner, Discovery and Fox, has been chosen as executive vice president and managing director of Latin America for the Fox Corp. Martinez said the acquisition reflects the company's "commitment to building a leading sports streaming business in Mexico with massive audience reach, a robust sports rights portfolio and an impressive roster of exclusive sports leagues and talent." Fox is bulking up its sports content as streaming becomes the top way for viewers to watch TV. For the first time, streaming surpassed the combined share of broadcast and cable TV viewing, according to a Nielsen report that tracked viewership in May. The growth of streaming has led to fierce competition between different services and a race to buy or produce programming that draws subscribers and advertising dollars. Fox plans to launch its own direct-to-consumer streaming service, Fox One, later this year. It already owns Tubi, a free ad-supported streaming service. With the acquisition, Fox said it will have a broader portfolio of original sports content. Its broadcast rights already include the Big Ten Conference, The United Football League and the Premier League and the FA Cup.
Yahoo
17 hours ago
- Business
- Yahoo
Fox expands sports broadcast rights with Caliente TV acquisition in Mexico
(Reuters) -Fox Corp has acquired sports-focused streaming platform and television channel Caliente TV to expand its sports broadcasting presence in Mexico, the company said on Thursday. The move allows Fox to tap into the growing appetite for premium sports content by acquiring broadcast rights to the UEFA Champions League, France's Ligue 1, and select Liga MX matches through Caliente TV. With this acquisition, the company said it would develop a multi-platform business, including the launch of a new pay TV channel and a subscription video‑on‑demand service to complement its free, ad-supported Tubi platform. Fox said Carlos Martinez, its executive vice president and managing director for Latin America, will oversee the rollout of new sports channels and streaming platforms in Mexico and Central America, which are expected to employ more than 350 people. Martinez has over three decades of broadcast industry experience in Latin America, holding executive roles at companies such as Turner, Discovery and Fox, the company said. The company declined to provide financial details when contacted by Reuters. Last month, the Murdoch family-controlled company said its new subscription-based streaming service Fox One will launch before the fall American football season, as it seeks to reach audiences beyond its mainstay cable television business. In the March quarter, more advertisers turned to the owner of Fox News, Fox Sports and Tubi to tap its growing viewership. The company beat third-quarter revenue estimates last month. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
7 days ago
- Business
- Yahoo
Zacks.com featured highlights include Intuit, Fox, Qifu Technology, UGI and Ingredion
Chicago, IL – June 13, 2025 – Stocks in this week's article are Intuit Inc. INTU, Fox Corp. FOX, Qifu Technology Inc. QFIN, UGI Corp. UGI and Ingredion Inc. INGR. Wall Street staged a nice comeback from the lows hit in early April and is currently hovering near record highs. Optimism around U.S.-China trade negotiations, easing inflation and resilient corporate earnings fueled the rally. However, uncertainty surrounding Trump's policies continues to linger. In such a scenario, investors are flocking to dividend investing for safe and consistent returns. Dividends are a major source of consistent income for investors to create wealth when returns from the equity market are at risk, even though they do not offer dramatic price appreciation. These stocks tend to outperform in a choppy market and can reduce the volatility of a portfolio. In fact, picking stocks with a history of dividend growth leads to a healthy portfolio with a greater scope of capital appreciation as opposed to simple dividend-paying stocks or those with high yields. We have selected five dividend growth stocks — Intuit Inc., Fox Corp., Qifu Technology Inc., UGI Corp. and Ingredion Inc. — that could be compelling picks for investors amid the current trends. Stocks that have a strong history of dividend growth belong to mature companies, which are less susceptible to large swings in the market, and thus act as a hedge against economic or political uncertainty as well as stock market volatility. At the same time, these offer downside protection with their consistent increase in payouts. Additionally, these stocks have superior fundamentals that make dividend growth a quality and promising investment for the long term. These include a sustainable business model, a long track of profitability, rising cash flows, good liquidity, a strong balance sheet and some value characteristics. Further, a history of strong dividend growth indicates that a dividend increase is likely in the future. Although these stocks do not necessarily have the highest yields, they have outperformed for a longer period than the broader stock market or any other dividend-paying stock. Here are five of the nine stocks that fit the bill: California-based Intuit is a business and financial software company that develops and sells financial, accounting and tax preparation software and related services for small businesses, consumers and accounting professionals globally. The stock saw a solid earnings estimate revision of 80 cents for the fiscal year (ending July 2025) over the past 30 days and has an expected earnings growth rate of 18.4%. The stock has a Zacks Rank #1 and Growth Score of B. You can see the complete list of today's Zacks #1 Rank stocks here. New York-based Fox Corp. produces and distributes news, sports and entertainment content. The company's brands include FOX News, FOX Sports, the FOX Network, the FOX Television Stations and sports cable networks — FS1, FS2, Fox Deportes and Big Ten Network. The company saw a positive earnings estimate revision of a penny for the fiscal year (ending June 2025) over the past 30 days and has an expected earnings growth rate of 32.4%. Fox has a Zacks Rank #2 and a Growth Score of B. China-based Qifu Technology is a Credit-Tech platform principally in China that provides a comprehensive suite of technology services to assist financial institutions and consumers, and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The stock saw a positive earnings estimate revision of 16 cents for this year over the past 30 days and has an expected earnings growth rate of 25.3%. Qifu has a Zacks Rank #2 and a Growth Score of A. Pennsylvania-based UGI Corp. is a holding company that distributes, stores, transports and markets energy products and related services through its subsidiaries. It is a domestic and international retail distributor of propane and butane liquefied petroleum gases; a provider of natural gas and electric service via regulated local distribution utilities; a generator of electricity and a regional marketer of energy commodities. The stock saw a positive earnings estimate revision of five cents for the fiscal year (ending September 2025) over the past 30 days, with an estimated growth rate of 2.29%. UGI Corporation has a Zacks Rank #2 and a Growth Score of B. Chicago-based Ingredion is an ingredients solutions provider specializing in nature-based sweeteners, starches and nutrition ingredients. It has an estimated earnings growth rate of 5.2% for this year and delivered an average earnings surprise of 13.63% for the past four quarters. Ingredion Industries currently has a Zacks Rank #2 and a Growth Score of A. You can get the remaining stocks on this list by signing up now for your 2-week free trial to the Research Wizard and start using this screen in your own trading. Further, you can also create your own strategies and test them first before taking the investment plunge. The Research Wizard is a great place to begin. It's easy to use. Everything is in plain language. And it's very intuitive. Start your Research Wizard trial today. And the next time you read an economic report, open up the Research Wizard, plug your finds in, and see what gems come out. Click here to sign up for a free trial to the Research Wizard today. For the rest of this Screen of the Week article please visit at: Disclosure: Officers, directors and/or employees of Zacks Investment Research may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. An affiliated investment advisory firm may own or have sold short securities and/or hold long and/or short positions in options that are mentioned in this material. About Screen of the Week created the first and best screening system on the web earning the distinction as the "#1 site for screening stocks" by Money Magazine. But powerful screening tools is just the start. That is why Zacks created the Screen of the Week to highlight profitable stock picking strategies that investors can actively use. Strong Stocks that Should Be in the News Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>. Follow us on Twitter: Join us on Facebook: Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates. Contact: Jim Giaquinto Company: Phone: 312-265-9268 Email: pr@ Visit: provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit information about the performance numbers displayed in this press release. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Intuit Inc. (INTU) : Free Stock Analysis Report UGI Corporation (UGI) : Free Stock Analysis Report Ingredion Incorporated (INGR) : Free Stock Analysis Report Fox Corporation (FOX) : Free Stock Analysis Report Qifu Technology, Inc. (QFIN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
11-06-2025
- Business
- Globe and Mail
Buy 3 Streaming Content Providers That Have Appreciated Past Month
Streaming content is an audio or video file on the Internet that can be played without being fully downloaded, significantly reducing wait times for online content, depending on the Internet connection speed. The content creation layer forms the foundation of the streaming ecosystem, which typically comprises four categories: film and TV studios, live media producers, game publishers and developers and user-generated content. This space focuses on companies that are involved in streaming music and video, including consumer-facing brands, and infrastructure and technology providers. Here we recommend three streaming content stocks with a favorable Zacks Rank that have popped in the past month. These are Netflix Inc. NFLX, Roku Inc. ROKU and Fox Corp. FOXA. Each of our picks carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Competitive Landscape The push for exclusivity on subscription video-on-demand and music platforms has intensified the content wars, forcing streaming firms to spend exorbitant amounts on content creation. As exclusive content remains a key differentiator with evolving competition from the metaverse and immersive digital storytelling, companies are increasingly vying for market share by offering compelling content libraries, unique features and competitive pricing. The chart below shows the price performance of our three picks in the past month. Netflix Inc. Netflix handsomely beat the Zacks Consensus Estimate for the bottom line while the top line was mostly in line with the consensus mark in first-quarter 2025. Despite trade and tariff-related doldrums, NFLX seems to have maintained healthy engagement levels. NFLX reaffirmed its 2025 guidance irrespective of the possibility of a near-term recession. On April 1, Netflix launched its Ad Suite in the United States. NFLX will ramp up this Ad Suite in international markets in the ensuing second quarter. The ad-supported offerings will enable management to witness impressive subscribers and ARPU (average revenue per user) growth. Netflix's policies of offering an ad-supported lower-priced tier, abolishing password sharing and effective price increase, should help it to become a defensive play ahead of a possible economic downturn. Furthermore, Netflix uses artificial intelligence (AI), data science and machine language extensively to provide consumers with more appropriate and intuitive suggestions. Netflix's AI platform takes into account an individual's viewing habits and hobbies and accordingly provides recommendations. NFLX's AI model compiles subscriber information and recommends content based on their preferences, which can be customized by end users. AI applications enable NFLX to offer a high-quality streaming service at reduced bandwidths. Netflix has an expected revenue and earnings growth rate of 14% and 27.7%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 3% over the last 60 days. Roku Inc. Roku benefits from increased user engagement on The Roku Channel and the popularity of the Roku TV program. The Roku OS is the #1 selling TV OS in the United States, with TV unit sales greater than the next two TV operating systems combined. The Roku Channel reached U.S. households with approximately 145 million people and remained the #3 app on its platform by both reach and engagement, with streaming hours up 82% year over year. More than 80% of streaming hours on The Roku Channel originates from the Roku Experience. Roku continued to expand penetration in the United States, surpassing half of the broadband households. Roku has an expected revenue and earnings growth rate of 10.5% and 80.9%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.5% in the last 30 days. Fox Corp. Fox reported strong third-quarter fiscal 2025 results due to a rise in Affiliate fees, driven by growth in the Television and Cable Network Programming segments. Continued digital monetization at FOX News Media and the impact of additional live events and studio shows at FOX Sports are key growth drivers for the company's ad revenues. Higher political ad revenues at the FOX Television Stations continue to strengthen pricing across the company's news and sports brands. The FOX Network primetime lineup, which includes The Masked Singer, is popular among the 18 to 49-year-old audience, an important target group for advertisers. Expanding viewership within this audience group is expected to attract more advertisers, thereby driving advertising revenues. FOXA is also trying to strengthen its primetime content. Notably, FOX Sports and FOX Entertainment together deliver roughly 15 hours of high-quality, primetime programming each week on the FOX Network. FOXA has an expected revenue and earnings growth rate of 15.2% and 31.8%, respectively, for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.6% in the last 30 days. Zacks' Research Chief Names "Stock Most Likely to Double" Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest. This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%. Free: See Our Top Stock And 4 Runners Up Netflix, Inc. (NFLX): Free Stock Analysis Report Fox Corporation (FOXA): Free Stock Analysis Report Roku, Inc. (ROKU): Free Stock Analysis Report
