Fox Corporation announced Monday that it surpassed financial analysts’ revenue projections for the third quarter, driven by solid performance across its sports and news programming segments along with continued expansion of its Tubi streaming platform.
The media company posted quarterly revenue of $3.99 billion, outpacing the average analyst forecast of $3.82 billion based on data gathered by LSEG. The stronger-than-expected results were attributed to robust advertising income from Fox’s sports and news content, as well as positive momentum from the company’s streaming service operations.
