Fox Corporation hits $5B revenue on ad positive aspects,…
Fox Corporation beat earnings forecasts in the second quarter of the current fiscal yr thanks to a surge in ad revenue from the media conglomerate’s news networks and sports activities applications.
Fox Corp reported $5.18 billion in complete revenue, a 2% year-over-year increase, as companywide ad revenue rose 1% and cable promoting jumped 7%, pushed by news and sports activities pricing.
Tubi, Fox’s free, ad-supported streaming service, posted document quarterly revenue of 19% — marking EBITDA profitability for the second straight quarter.
Fox Corp Executive Chair and CEO Lachlan Murdoch…
We present you with the trending topics. Get the best latest Gossip news and content on our web site daily.
