WBD - Fox Beats Revenue Estimates Plans New Streaming Venture With Warner Bros. And Disney | Benzinga
Fox Corp (NASDAQ:FOXA) (NASDAQ:FOX) reported third-quarter 2024 revenues of $3.45 billion, down from $4.08 billion a year ago, beating the analyst consensus estimate of $3.44 billion.
Adjusted net income was $520 million ($1.09 per share), beating the analyst consensus estimate of $1.00. It was up from $494 million ($0.94 per share) a year ago.
Affiliate fee revenues increased by 4%, driven by 9% growth in the Television segment.
Advertising revenues decreased by 34%, primarily due ...