Fox Corporation (NASDAQ:FOXA) (NASDAQ:FOX) reported second-quarter 2023 revenues of $4.23 billion, down from $4.61 billion a year ago, almost in line with the consensus of $4.21 billion.
Affiliate fee revenues increased by 4%, driven by 10% growth in the Television segment.
Advertising revenues decreased by 20%, primarily due to the absence of the FIFA Men’s World Cup at FOX Sports, lower political advertising revenues at the FOX Television Stations due to the absence of the 2022 midterm elections, and the impact of elevated supply in the direct ...
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