Fox Corporation (FOXA) Tops Q3 EPS by 22c
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Fox Reports Third Quarter Fiscal 2020 Revenues Of $3.44 Billion, An Increase Of 25%
May 6, 2020 4:06 PM EDTNEW YORK, May 6, 2020 /PRNewswire/ --Â Fox Corporation (Nasdaq: FOXA, FOX) ("FOX" or the "Company") today reported financial results for the three months ended March 31, 2020.
The Company reported total quarterly revenues of $3.44 billion, a 25% increase from the $2.75 billion of revenues reported in the prior year quarter, reflecting revenue growth across all operating segments. Advertising revenues increased 44%, led by the broadcast of Super Bowl LIV at the Television segment. Affiliate revenues increased 10%, led by increases at the Television segment due to higher fees from third-party FOX affiliates and higher average rates per subscriber, partially offset by... More
