Entertainment · 62 views
Fox Ad Revenue Surged Nearly 50% In FYQ1 Buoyed By World Cup, Political, Tubi
Fox Corp.
Summary
Fox Corp. revenue jumped 22% last quarter to $4.57 billion, ahead of expectations, driven by a 47% surge in ad sales due to the current year broadcast of the FIFA Men’s World Cup, higher political advertising revenue, and continued digital growth led by Tubi . Distribution revenue increased 9%, driven by 10% growth at the Cable Network Programming segment and 4% growth at the Television segment.
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