The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: John Hodulik - UBS Securities LLC - Analyst
: Okay. Great. Thanks, guys. Lachlan, I got a follow-up on the [D2C] comment that you talked about launching in the near future. Any additional
details you could provide in terms of timing what's included and whether you need additional rights or any costs associated with launching the
[DTC] service.
And then on affiliate, you saw some nice acceleration there, and it sounds like you guys got all the renewals done. Any color in terms of pricing or
what you see in terms of volumes that have been driving that acceleration? Thanks.
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FEBRUARY 04, 2025 / 1:30PM, FOXA.OQ - Q2 2025 Fox Corp Earnings Call
Question: Michael Morris - Guggenheim Securities LLC - Analyst
: Thank you. Good morning. I wanted to ask about the strength that you're seeing at Fox News advertising. Maybe you can expand on that a bit. It
sounds like you're seeing incremental and arguably sustainable demand from some of -- from advertising buyers. And I'm curious if you think I'm
interpreting that right? And just sort of what the dynamic and what the sustainability is of the changes that you're seeing there?
I also want to ask about the Tubi Super Bowl live stream. It seems like a big deal. Can you talk a little bit about what you hope to achieve by doing
that? And then are there any incremental costs related with that? Are there concerns about service quality? Because I know that streaming big live
events can be complicated. Appreciate it.
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FEBRUARY 04, 2025 / 1:30PM, FOXA.OQ - Q2 2025 Fox Corp Earnings Call
Question: Michael Morris - Guggenheim Securities LLC - Analyst
: Okay, thank you.
Question: Michael Ng - Goldman Sachs & Company, Inc. - Analyst
: Hey, good morning. Thank you for the question. I wanted to ask about the subscriber trends, declines of 7% improving -- are you seeing any of the
impact from the benefits of skinny bundle inclusion yet? Do you expect to outperform the market on sub declines over time because of inclusion
there? And then just a quick follow-up to Steve. You had said that you expect digital losses to go from, I think, mid-$300 million last year to high
$200 million. Any updates there just given the comments around investing as well as the 2b outperformance today? Thank you.
Question: Robert Fishman - MoffettNathanson - Analyst
: Hi. Good morning, everyone. Just following up on the sports strategy. After? Netflix won the rights for Women's World Cup, can you just talk about
how you feel FOX is positioned to continue to compete with Netflix and the other digital bidders for future sports rights. And then just to clarify
on the [D2C] offering coming back to that, will that plan include FOX News or [FOX Nation] content? Or is that just a sports-only offering. Thanks
so much.
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