Menu

1 / 14

Fox March Quarter Revenue Dips Without Super Bowl As Company Gears Up For World Cup

Deadline·Jill Goldsmith·6 months ago
#9sfMGIRE
#fox#superbowl#worldcup#facebook#youtube
Reading 0:00
15s threshold

Fox reported total quarterly revenue of $3.99 billion for its fiscal third quarter ended in March, down from $4.37 billion the year earlier as ad sales dipped due to tough comparison given the absence of Super Bowl in the current vs last year.

Distribution revenue increased 3%, driven by 5% growth at the cable network programming segment. Advertising revenue was $1.56 billion, down from $2 billion on the Super Bowl comps, partly offset by the impact of an additional NFL Wild Card game and continued digital growth at Tubi.

Content and other revenue increased 12% on higher sports sub-licensing sales.

“Our fiscal third quarter results once again demonstrate continued strength and momentum across our business. This strong performance, led by robust core advertising trends, underscores FOX’s leadership in live programming, bolstered by continued strength at our leading free streaming service, Tubi,” said CEO Lachlan Murdoch.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.