We recently compiled a list of the 12 Best Broadcasting Stocks to Buy Right Now. In this article, we are going to take a look at where Fox Corp. (NASDAQ:FOXA) stands against the other broadcasting stocks.
The global broadcasting and cable TV market size was estimated at $356.45 billion in 2024, according to Grand View Research. It is projected to grow at a CAGR of 4% from 2025 to 2030 and reach $449.91 billion. This is driven by the increasing demand for on-demand and live content, which is fueled by the rise in digital consumption and global connectivity. Viewers seek content in high-definition, which includes news, sports, and entertainment. Rising income levels and increased television ownership in today’s emerging markets are also behind this demand. Broadcasters capitalize on these trends by offering flexible subscription models and specialized content for a broader audience base.
This industry is supported by the governments, technological advancements, and evolving consumer demands. Government initiatives, such as subsidies and investments in digital infrastructure, are expanding access to broadcasting services, particularly in underserved areas. It’s capitalizing on digital platforms, which offer streaming and hybrid models to reach diverse audiences and cater to their preferences. Technological innovations, which include 5G, cloud-based broadcasting, and AI-powered personalization, are all enhancing the viewer experience and driving demand for higher-quality content.
NewscastStudio recently reported that the dominance of mobile devices in content consumption is fundamentally reshaping the broadcasting landscape. There are 4.88 billion smartphone users globally and mobiles account for over 60% of global internet traffic. Therefore, broadcasters are prioritizing mobile-first strategies. This shift necessitates a significant adaptation, moving beyond traditional television formats. Key changes include an emphasis on vertical video formats, which mirrors the dominant style on platforms like TikTok and Instagram. Broadcasters are increasingly creating content specifically for mobile viewing by recognizing the need to optimize for smaller screens and shorter attention spans. Interactive elements like live polls, chats, and games are also being integrated to enhance viewer engagement and create the interactive nature of social media.
Production processes are now centered around mobile viewing experiences, and consider factors like background viewing and optimizing for limited bandwidth. The expansion of 5G networks is crucial for this, as it enables faster and more reliable data transmission. Advanced compression technologies are also vital for ensuring seamless streaming experiences, especially in areas with limited bandwidth. These changes reflect the need for broadcasters to be adaptable in a rapidly evolving media landscape.
The modern broadcasting environment embraces mobile-first strategies and invests in innovative technologies.
Methodology
We first sifted through ETFs, online rankings, and internet lists to compile a list of the top broadcasting stocks. We then selected the 12 stocks that were the most popular among elite hedge funds and that analysts were bullish on. The stocks are ranked in ascending order of the number of hedge funds that have stakes in them, as of Q3 2024. The hedge fund data was sourced from Insider Monkey’s database which tracks the moves of over 900 elite money managers.
Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter’s strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points (see more details here).
A close up of a television broadcasting a popular show produced by the company.
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.
Overall FOXA ranks 4th on our list of the best broadcasting stocks to buy now. While we acknowledge the potential of FOXA as an investment, our conviction lies in the belief that AI stocks hold great promise for delivering high returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than FOXA but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.