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Fox Corp. Rides Ad Sales Boom From Sports And Political Coverage In Strong Fiscal Q2
Fox Corp. exceeded Wall Street expectations in the October-to-December quarter, riding a surge of advertising revenue from news and sports.
Fox Sports will carry the Super Bowl this Sunday, airing it on linear TV and also streaming it live on Tubi. Whether measured in terms of engagement, monetization or profitability, our focused strategy of live news and sports programming, coupled with our growing digital initiatives, continues to deliver,” CEO Lachlan Murdoch said in the earnings release. After pay-TV operator Fubo challenged it in court on antitrust grounds, Venu was scrapped by backers Fox, Disney and Warner Bros.
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