Fox Corp. Quarterly Revenue Rises, Boosted by Super Bowl
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hollywoodreporter.comFox Corp. on Wednesday reported a rise in quarterly revenue, as the owner of Fox News Channel and Fox Entertainment recorded higher advertising revenue due to the broadcast of Super Bowl LIV.
Fox — which, after Rupert Murdoch agreed to sell most of 21st Century Fox to Walt Disney for $71 billion, became a stand-alone company mostly focused on news and sports — reported net income of $90 million for the latest quarter, or 13 cents per share, compared with $539 million in the year-ago period, or $5.29 a share.
Quarterly revenue rose to $3.44 billion, up 25 percent from a year-earlier $2.75 billion. Wall Street analysts forecast per-share earnings of 72 cents, with overall revenues to hit $3.36 billion.
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