Fox Sports’ Share Price Index (SPI) is expected to go on a downward trajectory with Fox Sports announcing a price increase of 6% for the entire company.
The move is expected following a record-breaking year for Fox Sports as they increased the amount of revenue that is generated from its broadcast partners in the US.
The increase in earnings per share will help offset the losses incurred during the company’s first quarter of fiscal 2017, as the company experienced a record $13.8 billion loss.
The price increase is being seen as a major positive as the stock is expected rise by a whopping 13% in the second quarter of this year.
As such, the stock should have a solid outlook heading into the end of fiscal 2018.
The company has been increasing its revenue stream from its sports programming partners such as ESPN and Univision, to help offset losses incurred in the first half of fiscal 2019.
Fox Sports also recently announced that it will be launching its own sports network in 2018, with a focus on boxing and MMA.
This could be the best news for Fox sports investors as it could allow them to take full advantage of the massive amount of content and talent available on the platform.