From Financial Modeling Prep: 2025-05-12 11:56:00

Fox Corporation (NASDAQ:FOX) shares surged over 4% after beating expectations in Q3. Adjusted earnings reached $1.10 per share, exceeding the projected $0.89, with revenue hitting $4.37 billion, a 27% increase YoY. Advertising revenue spiked 65% to $2.04 billion, driven by Super Bowl LIX and digital growth through Tubi platform.

The Television segment saw a 40% revenue increase to $2.70 billion, while Cable Network Programming grew 11% to $1.64 billion. Despite strong performance, adjusted EBITDA dipped to $856 million from $891 million due to higher costs. Affiliate fee revenue also rose 3% to $2.01 billion during the quarter.



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