Fox Corp quarterly results beat estimates on higher political ad spending

Reuters
04 Feb
Fox Corp quarterly results beat estimates on higher political ad spending

Feb 4 (Reuters) - Fox Corp FOXA.O surpassed quarterly revenue and profit expectations on Tuesday, driven by higher political advertising on its news network and an uptick in commercials on its Tubi streaming service.

Revenue for the second quarter stood at $5.08 billion, beating estimates of $4.85 billion, according to data compiled by LSEG.

(Reporting by Rishi Kant in Bengaluru; Editing by Devika Syamnath)

((Rishi.Kant@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10