Fox Corp (FOXA) earnings Q3 2023 - Verve times vervetimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from vervetimes.com Daily Mail and Mail on Sunday newspapers.
Sports saved the company’s fiscal 3Q. “Our advertising revenues increased 43%, led by the Super Bowl,” said CFO Steve Tomsic. “Television advertising revenue led this growth with a 61% increase, fueled by Super Bowl 57, which generated over $650 million in gross revenue. We also benefitted from two additional NFL Playoff games one divisional and one wildcard partially offset by the timing of one less regular season game.”
Fox Corporation on Tuesday reported a $54 million net loss during its third quarter of fiscal 2023, compared with a profit of $283 million a year earlier,.
Fox Corporation on Tuesday reported a $54 million net loss during its third quarter of fiscal 2023, compared with a profit of $283 million a year earlier,.