Fox Corp. Rides Ad Sales Boom From Sports And Political Coverage In Strong Fiscal Q2 Report
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deadline.comFox Corp. exceeded Wall Street expectations in the October-to-December quarter, riding a surge of advertising revenue from news and sports.
The company posted earnings per share of 81 cents and revenue of $5.08 billion in its fiscal second quarter, which ended December 31.
Wall Street analysts’ consensus forecast was for revenue of $4.82 billion (+14%) and earnings per share of 64 cents (up from 34 cents in the year-earlier quarter).
The October-to-December quarter included significant ad revenue from the presidential campaign as well as significant ad sales tied to Major League Baseball playoffs, college football and the NFL.
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