Fox Corporation

Fox Corporation managed to exceed analyst expectations in terms of revenue as well as earnings. The distinctive portfolio of assets continues to yield outstanding results. Despite the challenging comparison, total revenues this year have slightly exceeded last year’s achievement, showcasing the resilience of Fox’s strategy. The affiliate side reports a 2% total growth, spearheaded by an impressive 8% increase in the TV segment for the quarter. Constructive renewals further emphasize the value of Fox’s brands and programs, compensating for a 2% decline in advertising revenues attributed to a political ad-heavy quarter last year. Amidst the nuanced advertising market, Fox’s focus on live sports and news proves successful, with healthy national pricing and demand. Core brands maintain viewer resonance, evident in a 2% increase in total viewing of FOX brands in the quarter. FOX Sports, especially with its broadcast of the Women’s World Cup, emerges as a significant driver of consumption, achieving significant viewership. Tubi, the leading ad-supported streaming service, continues its impressive trajectory, surpassing 70 million monthly active users. Fox News retains its unparalleled position in news coverage, becoming viewers’ first choice for current affairs. FOX Entertainment starts the broadcast season in the adult 18 to 49 demo, showcasing top-rated premieres.