markets

Nia Warfield2/4/25

Fox shares pop on blowout Q4 earnings, plans for new streaming service

Shares of Fox jumped nearly 4% after the media giant crushed fourth-quarter earnings estimates and announced plans to launch a new streaming service.

Revenue rose 20% to $5.1 billion for the quarter, with adjusted earnings per share coming in at $0.96. Both figures were higher than all 20-plus estimates compiled by Wall Street analysts for the quarter. Advertising revenue jumped to $2.4 billion — about $400 million more than the same quarter last year.

Fox also revealed plans to launch its first streaming service subscription by year’s end, joining a crowded market alongside Netflix, Disney+, Peacock, Max, and others. While pricing and other details aren’t available, the service is expected to include Fox’s news network and sports content.

Looking ahead, Fox is poised to cash in on Sunday’s Superbowl LIX, which has reportedly sold at least 10 commercial spots for up to $8 million each.

Fox Plans to Launch New Streaming Service by Year-End

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Fox also revealed plans to launch its first streaming service subscription by year’s end, joining a crowded market alongside Netflix, Disney+, Peacock, Max, and others. While pricing and other details aren’t available, the service is expected to include Fox’s news network and sports content.

Looking ahead, Fox is poised to cash in on Sunday’s Superbowl LIX, which has reportedly sold at least 10 commercial spots for up to $8 million each.

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J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

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Meta surges on report it’s starting a cloud business to sell excess AI compute

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