Fox projects record Super Bowl ad revenue after World Cup, NFL boosted results
Publishing timestamp: 2023-02-08 09:39:08
Summary
Fox Corp reported a 4% increase in advertising revenue due to the men's World Cup, NFL, and midterm elections. They will be raking in record Super Bowl ad revenue and have sold out all their commercial spots. Fox CEO Lachlan Murdoch said they haven't seen the soft advertising market that their peers have described, and they are open to potential mergers and acquisitions opportunities.
Sentiment: POSITIVE
Tickers: WBD, NWSA, PARA, FOXA,
Keywords: media, advertising, paramount global, sports, business news, news corp class a, business, earnings, warner bros discovery inc, fox corp. class a,
Source: https://www.cnbc.com/2023/02/08/fox-2q-23-earnings-nfl-world-cup-ad-revenue.html