Fox beats revenue targets on sports and news ad sales
Fox Corporation exceeded its third-quarter revenue targets, driven primarily by robust advertising sales within its sports and news divisions. This performance indicates stronger-than-expected financial results for the company.
Key Takeaways
- Fox Corporation beat Wall Street estimates for third-quarter revenue.
- Strong advertising sales in Fox's sports division helped drive the result.
- Fox's news division also contributed to the revenue beat.
- The earnings update was reported on Monday.
Why It Matters
Fox’s revenue beat shows that sports and news advertising can still carry meaningful weight in the company’s quarter. For streaming and media operators, the key detail is where the money came from: ad sales in two core live-content businesses, not from a broad company-wide uplift. That keeps attention on how monetization is holding up in premium live programming. What to watch next is whether Fox breaks out more detail on ad performance in sports versus news in its full quarterly results.
Read full article at thetimes.com
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