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BlackRock TCP: Q3 Earnings Snapshot – WTOP News
The company posted a quarterly loss as it moves to monetize assets and use expected proceeds to reduce debt and return cash to stockholders.
- Fox Corporation reported record fiscal first-quarter revenue of $4.57 billion on Monday, marking a 22% year-over-year increase that exceeded Wall Street expectations for the period ending September 30, 2026.
- Strong advertising demand drove the revenue gains, fueled by the FIFA Men's World Cup broadcast and record political ad spending of $350 million. The streaming service also delivered significant revenue increases during the quarter.
- Adjusted EBITDA reached $1.64 billion, while net income rose to $943 million with diluted earnings of $2.20 per share. Additionally, the company generated approximately $503 million in free cash flow during the quarter.
- Regulatory progress continues on the company's $22 billion Roku acquisition, with the broadcaster cooperating with the Department of Justice to obtain necessary clearance. Shareholders have already approved the deal, which aims to integrate the platform.
- Heading into the next quarter, management expects advertising demand to remain strong. Executives also targeted a long-term margin of about 20% for Tubi, focusing the company's strategic planning on streaming profitability.
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228 Articles
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Mattel Cuts Annual Forecasts as New CEO Roger Lynch Takes Charge
Mattel lowered its full-year sales and profit forecasts on Thursday ahead of the critical holiday shopping season, placing new CEO Roger Lynch under pressure to ... The post Mattel Cuts Annual Forecasts as New CEO Roger Lynch Takes Charge first appeared on [your]NEWS.
Coverage Details
Total News Sources228
Leaning Left31Leaning Right20Center60Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 28%
C 54%
R 18%
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