Fox said revenue for its fiscal third quarter ending in March jumped 25% to $3.44 billion, beating estimates, as ad revenues swelled 44% on SuperBowl LIV. The company announced numbers after the cl…
The company announced numbers after the closing bell. Shares had ended up more than 3% ahead of earnings and poppped another 3.6% after.The company showed viewer and ratings strength across its portfolio of entertainment and news content.
Quarterly net income fell sharply to $90 million from $539 million in the prior-year quarter, primarily due to a loss on the change in fair value of the company’s former investment in Roku . Costs were higher with Fox operating as a standalone public company following the sale of its entertainment assets to Walt Disney last March.
broadcast of Super Bowl LIV on FOX. While we remain focused on continuing to execute against the strategy
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