Fox profit falls as Super Bowl revenue drops out of Q3
Fox Corp. reported a decline in third-quarter profit, attributing the dip to the absence of a Super Bowl telecast compared to the prior year. The Super Bowl telecast in the previous period generated millions in additional revenue.
Key Takeaways
- Third-quarter profit fell year over year at Fox Corp.
- The prior-year quarter included a Super Bowl telecast.
- Fox said the Super Bowl brought in millions in extra revenue last year.
Why It Matters
Fox’s Q3 comparison shows how much a single marquee sports telecast can skew quarterly results. The immediate effect is a lower profit base versus the same period last year, because the prior quarter included Super Bowl-related revenue. For streaming and media operators, it is another reminder that sports rights and event timing can distort earnings comparisons from one year to the next. What to watch next is Fox’s next quarterly readout and whether management gives any updated comparison against a period without a Super Bowl telecast.
Read full article at variety.com
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