Fox touts sports programming performance even as costs rise
Publishing timestamp: 2023-11-02 12:55:27
Summary
Fox Corp. experienced higher consumption and viewership due to sports programming, particularly the Women's World Cup. However, the costs associated with sports programming weighed on the company's profit. The ad-supported streaming service Tubi showed favorable results, but overall ad revenue declined. Fox remains committed to the cable bundle and believes it will continue to be their largest revenue stream.
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Keywords: fox corp. class a, media, breaking news: earnings, business news, business, entertainment, breaking news: business, sports, television,
Source: https://www.cnbc.com/2023/11/02/fox-touts-sports-programming-performance-even-as-costs-rise.html