Management is calling this a transition year, and we are lowering our fair value estimate.
We are maintaining our wide moat rating but are raising our fair value estimate.
The wide-moat firm is putting the focus on Fox media assets and direct-to-consumer efforts.
Operating margin came in below our projections, but we are retaining our narrow moat rating and are raising our fair value estimate.
The price increases are in line with the firm's need to generate additional revenue to help offset the ongoing cash burn.