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Fox touts sports programming performance even as costs rise - TL;DR CNBC

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.


Sentiment: MIXED

Tickers: FOXA

Keywords: fox corp. class amediabreaking news: earningsbusiness newsbusinessentertainmentbreaking news: businesssportstelevision

Source: https://www.cnbc.com/2023/11/02/fox-touts-sports-programming-performance-even-as-costs-rise.html


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