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Fox Sees Quarterly Ad Sales Surge On Super Bowl
Fox blew past estimates as revenue blew past Wall Street forecasts on a 65% blast in ad sales mostly driven by Super Bowl LIX.
Cam Jurgens #51 and Jalen Hurts #1 of the Philadelphia Eagles celebrate Gregory Shamus/Getty Images Fox blew past estimates for the March quarter as revenue jumped 27% to $4.37 billion – above Wall Street forecasts — on a whopping 65% hike in ad sales mostly driven by Super Bowl LIX along with continued digital growth led by Tubi and stronger news ratings and pricing for the Fox News parent. “Whether it is our market leading coverage of a sustained, active news cycle or our broadcast of a record-breaking Super Bowl, we deliver for our audiences, advertisers and distribution partners. We are confident that our best-in class assets, deliberate strategy and robust balance sheet position us strongly to drive long-term value for our shareholders.”
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