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Fox March Quarter Revenue Dips Without Super Bowl As Company Gears Up For World Cup
Fox reported total quarterly revenue of $3.99 billion for its fiscal third quarter ended in March, down from $4.37 billion the year earlier as ad sales dipped due to tough comparison given the absence of Super Bowl in the current vs last year.
Distribution revenue increased 3%, driven by 5% growth at the cable network programming segment. Advertising revenue was $1.56 billion, down from $2 billion on the Super Bowl comps, partly offset by the impact of an additional NFL Wild Card game and continued digital growth at Tubi.
Content and other revenue increased 12% on higher sports sub-licensing sales.
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