Political Advertising Surge Drives Fox Corp. Earnings

  • 📰 THR
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 53%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

The company reported net income of $832 million, double the profits from a year ago.

Fox reported revenues of $3.56 billion, up 11 percent from a year earlier, including advertising revenues of more than $1.3 billion, also up 11 percent. Meanwhile, net income was $832 million, more than double the profits a year ago of $415 million. That gain however was skewed by the value of Fox’s option in sports betting platform FanDuel.

The company typically sees the biggest political advertising gains in its broadcast segment, which includes both the Fox broadcast network and the Fox local TV stations.In the company’s television segment, which includes the Fox broadcast network and the streaming service Tubi, revenues were $1.95 billion, thanks to the surge in political advertising, as well as NFL and soccer coverage at Fox Sports.

Marc Jacobs Debuts Whimsical ‘The Wizard of Oz’ Collection of Tote Bags, Ruby Red Heels and More Ahead of ‘Wicked’. We use vendors that may also process your information to help provide our services. // This site is protected by reCAPTCHA Enterprise and the Google‘Grey’s Anatomy’ Star Camilla Luddington on Ex-Writer Elisabeth Finch’s Betrayal: “It Sucks to Be a Part of the Story”The Hollywood Reporter is a part of Penske Media Corporation. © 2024 The Hollywood Reporter, LLC.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 411. in BE

Belgique Dernières Nouvelles, Belgique Actualités