From Barchart: 2024-11-04 11:56:00

Fox Corporation (NASDAQ:FOXA) exceeded analyst expectations in its first-quarter results, with adjusted earnings per share of $1.45 and revenue of $3.56 billion. The stock surged over 4% intra-day today, driven by growth in affiliate fee revenues and a robust 11% increase in advertising revenue.

Key segments such as Television and Cable Network Programming saw gains of 10% and 3% respectively, contributing to Fox’s strong performance. Adjusted EBITDA for the quarter rose 21% year-over-year to $1.05 billion, despite higher programming costs at FOX Sports and Tubi.



Read more at Barchart:: Fox Shares Jump 4% After Strong Q1 Earnings Beat