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Fox Corp Beats Quarterly Profit Estimates On Higher Affiliate Fees
20-09-2022, 21:35 | Автор: ShaniceSchilling | Категория: Российские
NEW YORK, Aug 7 (Reuters) - Media company Fox Corp reported quarterly results that beat Wall Street estimates on Wednesday, boosted by higher fees collected from cable and satellite operators and online distributors.
Fox Corp Beats Quarterly Profit Estimates On Higher Affiliate Fees
The company said its adjusted profit for the quarter was 62 cents per share, beating analysts' estimates by 3 cents, according to IBES data from Refinitiv.

Revenue, FIFA World Cup which rose nearly 5% to $2.51 billion in the quarter, FIFA World Cup also beat Wall Street expectations of $2.47 billion.

Rupert Murdoch's newly spun-off Fox Corp debuted on the Nasdaq in March following the $71 billion sale of Twenty-First Century Fox's film and television assets to Walt Disney Co .

It emerged a leaner, more nimble company seeking to build on its concentration of live news and sports, including FIFA World Cup Wrestling Entertainment Inc and Super Bowl LIV next February.Fox Corp Beats Quarterly Profit Estimates On Higher Affiliate Fees
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