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Fox’s Q3 profits rise, even as revenues dip after slower news cycle and no Super Bowl Fox Corporation’s third-quarter financial results, released on Thursday (May 6) showed a net increase for income to $582 million at the broadcaster, even as revenues dropped. The lack of a Super Bowl broadcast . May 6, 2021 Fox Corporation’s third-quarter financial results, released on Thursday (May 6) showed a net increase for income to $582 million at the broadcaster, even as revenues dropped. The lack of a Super Bowl broadcast this year was the main factor Fox attributed its declining Q3 revenues, from the start of the year to March 31. Fox aired Super Bowl LIV in 2020, but this year it was CBS’ turn to pick up the championship game. In all, the Fox Corporation’s quarterly revenue dropped to $3.22 billion from $3.44 billion the prio ....
Share this article Share this article NEW YORK, May 5, 2021 /PRNewswire/ Fox Corporation (Nasdaq: FOXA, FOX) ( FOX or the Company ) today reported financial results for the three months ended March 31, 2021. The Company reported quarterly net income of $582 million as compared to the $90 million reported in the prior year quarter. The increase in net income was primarily due to the change in fair value of the Company s investments recognized in Other, net in the prior year quarter. Net Income attributable to Fox Corporation stockholders was $567 million ($0.96 per share) as compared to the $78 million ($0.13 per share) reported in the prior year quarter. Adjusted net income attributable to Fox Corporation stockholders ....
Fox Corp. Q2 Results Beat View WASHINGTON (dpa-AFX) - Fox Corp. (FOXA, FOX) reported that its second-quarter net income attributable to stockholders declined to $224 million or $0.37 per share from $300 million or $0.48 per share in the prior year quarter. The decrease in net income was primarily due to higher gains recognized in Other, net in the prior year quarter. Adjusted net income attributable to stockholders increased 45% to $93 million from the $64 million reported in the prior year quarter. Adjusted earnings per share increased to $0.16 per share from $0.10 in the prior year quarter. Analysts polled by Thomson Reuters expected the company to report a loss of $0.03 per share. Analysts estimates typically exclude special items. ....