12 Best Broadcasting Stocks to Buy Right Now

4. Fox Corp. (NASDAQ:FOXA)

Number of Hedge Fund Holders: 32

Fox Corp. (NASDAQ:FOXA) is a US-based media company that focuses on news, sports, and entertainment. It operates across various segments, which include cable networks, broadcast television, and film production. Its key assets include the Fox broadcast network, Fox News, and Tubi.

In FQ1 2025, the company’s revenue increased 11% year-over-year, driven by various broadcasting areas. Advertising revenue saw an 11% increase due to political advertising at local stations, as well as continued growth at Tubi, and higher viewership at FOX News Media. Specifically within the Television segment, which includes the local stations and Tubi, revenue grew 10% year-over-year, with advertising revenue up 11%. Tubi’s growth was noteworthy, with a 19% increase driven by engagement and direct response advertising, This puts Tubi on track to surpass $1 billion in revenue for FY25.

In January, FOX News Channel achieved its highest-rated January in cable news history, marking 23 consecutive years as the top-rated cable news network. Its primetime viewership reached 2.8 million total viewers and 353,000 in the key 25-54 demographic. This marked a year-over-year growth of 40% and 61%, respectively. Total day viewership reached 1.9 million viewers and 253,000 in the 25-54 demo, up 53% and 70%. It also dominated audience share, commanding 67% of total day viewers and 69% of primetime viewers.