Fox Corp. revenue stayed flat in the quarter ending June 30 compared with the year-earlier period, but it matched Wall Street analysts’ consensus estimate as earnings beat expectations. Earnings came in at 74 cents a share in the quarter ending June 30, topping analysts’ target of 72 cents and rising from 55 cents in the year-ago period. The revenue figure stayed flat with the 2022 quarter. Affiliate fee revenue climbed 3% from a year ago, paced by a 9% upswing in the Television division.
Earnings came in at 74 cents a share in the quarter ending June 30, topping analysts’ target of 72 cents and rising from 55 cents in the year-ago period. The revenue figure stayed flat with the 2022 quarter.
Affiliate fee revenue climbed 3% from a year ago, paced by a 9% upswing in the Television division. Advertising revenue fell 4%, with gains for streaming service Tubi being offset by the absence of political spending at the company’s local stations compared with the midterm cycle of 2022. The company also cited the impact of elevated supply in the direct response marketplace at
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