Fox Advertising Revenue Soars 47% to $2.08 Billion
Fox Corp. said advertising revenue rose 47% to $2.08 billion, fueled by the election cycle and FIFA Men's World Cup, according to the report.
Story updates
03:03:11 PM UTC
SquawkNews
Fox's quarterly advertising revenue climbed 47%, with a 60% jump in its television segment. The company cites a boost from the FIFA World Cup as well as political advertising and its streaming platform Tubi. The World Cup and election cycle, as well as the kickoff of the college football and NFL se…
03:26:15 PM UTC
SquawkNews
By Kelly Cloonan and Joe FlintFox Corp. posted strong fiscal first-quarter results, boosted by the summer's FIFA World Cup and midterm election advertising sales, and said it wasn't fundamentally concerned about a recent drop in ratings at its Fox News network.Quarterly revenue at the media company…
By Mariapaula GonzalezAn active election cycle and FIFA Men's World Cup were star players in Fox Corp.'s latest quarterly earnings, sparking a surge in advertising revenue. Soccer and politics could be just the start of a larger run for Fox.Total advertising revenue soared 47% to $2.08 billion in t…