Fox reports a sharp increase in advertising sales in the April–June quarter, attributing the rise largely to broadcast coverage of the FIFA Men’s World Cup. Across the quarter, Fox says ad sales increase 78%, with the company also citing a larger gain in its television division (reported as 108% in one account). Total results remain mixed. Fox’s profit for the quarter falls 3% year over year to $696 million, even as overall company revenue rises. One source reports revenue for the fiscal fourth quarter ended in June increases 28% to $4.21 billion. Distribution revenue is also higher year over year, rising to about $2.03 billion from $1.94 billion, with cable network programming described as growing in the high single digits (reported as 5% or 7% depending on the segment measure). The company also points to continued digital growth, including its AVOD service, as part of broader performance alongside the World Cup-driven advertising strength.
World Cup lifts Fox ad sales in Q2 as revenue rises but profit declines
Fox reports a sharp increase in advertising sales in the April–June quarter, attributing the rise largely to broadcast coverage of the FIFA Men’s World Cup. Across the quarter, Fox says ad sales incre...
- Fox’s advertising sales rise 78% in the April–June quarter, attributed to FIFA Men’s World Cup coverage.
- Fox reports television ad sales growth of 108% for the TV division.
- Fox’s profit declines 3% year over year to $696 million.
- Fox’s distribution revenue increases to about $2.03 billion from about $1.94 billion year over year.
- Fox reports overall quarterly revenue growth, including a 28% increase to $4.21 billion.
The broadcast of the FIFA Men’s World Cup drove a 78% jump in advertising sales at Fox as total revenue for the company’s fiscal fourth quarter ended in June jumped 28% to $4.21 billion. Distribution revenue increased 5%, driven by 7% growth at the cable network programming. Fox also noted continued digital growth led by AVOD service […]
3 hours agoFox ad sales rose 78% (108% for the TV division) during from April-June due to the FIFA Men’s World Cup. Still, overall profit for the quarter dipped 3% year over year to $696 million. Fox’s distribution revenue was up 7% to $2.03 billion from $1.94 billion year over year. Content and other revenues dropped more […]
3 hours ago
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