Fox Says It's Reaching Advertising Highs, But Rising Sports Costs Loom

Fox Says It's Reaching Advertising Highs, But Rising Sports Costs Loom

Fox Corp. CEO touts advertising and sports strength in earnings call.

Fox News Posts Highest-Ever Second Quarter Ad Revenue, Adds 200 New Advertisers

Fox News delivered its highest second quarter advertising revenue in the network’s history, Fox Corporation CEO Lachlan Murdoch announced Wednesday during the company’s earnings call. The record haul was fueled in part by an influx of new advertisers. Murdoch said Fox News added roughly 200 new advertisers in the first half of the fiscal year—on top of the 350 new advertisers the network brought in last year. “The advertising market for Fox News…

Fox Non-GAAP EPS of $0.82 beats by $0.28, revenue of $5.18B beats by $150M

Fox Corp. Keeps Rolling In Fall Quarter Despite Lack Of Political Ads, Delivering Better-Than-Expected Revenue

A seven-game World Series last October and continued strength at Fox News and streaming service Tubi helped Fox Corp. top revenue expectations in the October-to-December quarter. The company said Wednesday that total revenue in the fiscal second quarter inched up 2% from the year-ago period, reaching $5.18 billion. Earnings per share came in at 52…