Fox Corp. beat Wall Street analysts’ forecasts for its fiscal third quarter, with results that reflected difficult comparisons with the Super Bowl period a year earlier.Earnings per share came in at 96 cents during the period ending March 31, well ahead of analysts’ consensus for 58 cents.
Total revenue reached $3.22 billion, about $100 million ahead of the Street but down from $3.44 billion in the same quarter in 2020.Affiliate revenue increased 10%, powered by an 18% gain in the Television unit.
Advertising revenue of $1.2 billion slid by almost one-quarter from $1.57 billion in the prior-year quarter. The shortfall was attributed to the absence of an event comparable with 2020’2 Super Bowl LIV, though Fox said the slide was partially
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