Fox Corporation’s (FOX) Red Seat Ventures Acquires Supercast

3 weeks ago 15

Fox Corporation (NASDAQ:FOX) is 1 of the Cheap NASDAQ Stocks To Buy successful 2026. On February 10, Fox Corporation (NASDAQ:FOX) announced that Red Seat Ventures, which is simply a part of the company, acquired Supercast. Supercast is an online level that helps podcast creators gain wealth done paid subscriptions.

Management noted that the institution was launched successful 2019 and its apical 10 users person been pulling successful astir $26 cardinal successful yearly recurring revenue. Fox Corporation (NASDAQ:FOX) noted that the acquisition is expected to heighten its creator system play arsenic the institution targets the fast-growing podcast market. The fiscal details of the transaction were not disclosed, and Supercast is expected to enactment independent, led by its founder/CEO, Jason Sew Hoy.

That said, Fox Corporation (NASDAQ:FOX) released its fiscal Q2 2026 net connected February 4. The institution grew its quarterly gross by 2.05% year-over-year to $5.18 billion, and surpassed expectations by $156.19 million. The EPS of $0.82 topped statement by $0.28. Management noted the show was driven by organisation revenue, which grew 4% year-over-year, led by a 5% summation successful Cable Network Programming revenue.

Fox Corporation's (FOX) Red Seat Ventures Acquires Supercast

Fox Corporation (NASDAQ:FOX) operates arsenic a news, sports, and amusement institution successful the United States crossed its Cable Network Programming, Television, Credible, and The FOX Studio Lot segments.

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