Fox's 3Q Revenue, Costs Boosted by Super Bowl

Dow Jones

12 May

By Dean Seal

Fox recorded a big gain in quarterly revenue from its broadcast of the Super Bowl, higher prices and higher news ratings, while surging costs cut into its earnings.

The broadcaster posted a fiscal third-quarter profit of $346 million, 75 cents a share, for the first three months of the year. That's compared with $666 million, or $1.40 a share, in the same quarter a year earlier.

Stripping out one-time items, adjusted earnings were $1.10 a share. Analysts polled by FactSet had been expecting 92 cents a share.

Revenue jumped 27% to $4.37 billion, ahead of analyst estimates for $4.19 billion, according to FactSet.

Fox's cable-network business, which includes Fox Sports 1, Fox Business and Fox News, logged a 12% gain from higher news ratings, higher prices and more digital ad revenue. Affiliate fees got a 3% revenue boost from higher prices that offset declining subscribers.

The company's television segment saw a 40% jump in revenue from Super Bowl LIX, as well as digital growth led by its Tubi streaming service.

Operating costs meanwhile surged 45% to $2.97 billion, primarily due to higher sports programming rights amortization and production costs from its broadcast of the Super Bowl. Higher digital content and marketing costs contributed as well. Overhead costs were up 8% at $551 million.

Shares were up 3.8% at $48.49 in premarket trading.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 12, 2025 08:26 ET (12:26 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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That's compared with $666 million, or $1.40 a share, in the same quarter a year earlier. \n</p>\n<p>\n  Stripping out one-time items, adjusted earnings were $1.10 a share. Analysts polled by FactSet had been expecting 92 cents a share. \n</p>\n<p>\n  Revenue jumped 27% to $4.37 billion, ahead of analyst estimates for $4.19 billion, according to FactSet. \n</p>\n<p>\n  Fox's cable-network business, which includes Fox Sports 1, Fox Business and Fox News, logged a 12% gain from higher news ratings, higher prices and more digital ad revenue. 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Affiliate fees got a 3% revenue boost from higher prices that offset declining subscribers. \n</p>\n<p>\n  The company's television segment saw a 40% jump in revenue from Super Bowl LIX, as well as digital growth led by its <a href=\"https://laohu8.com/S/2BE.AU\">Tubi</a> streaming service. \n</p>\n<p>\n  Operating costs meanwhile surged 45% to $2.97 billion, primarily due to higher sports programming rights amortization and production costs from its broadcast of the Super Bowl. Higher digital content and marketing costs contributed as well. Overhead costs were up 8% at $551 million. \n</p>\n<p>\n  Shares were up 3.8% at $48.49 in premarket trading. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 12, 2025 08:26 ET (12:26 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534273842","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534273842","pubTimestamp":1747052760,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Fox recorded a big gain in quarterly revenue from its broadcast of the Super Bowl, higher prices and higher news ratings, while surging costs cut into its earnings.The broadcaster posted a fiscal third-quarter profit of $346 million, 75 cents a share, for the first three months of the year. That's compared with $666 million, or $1.40 a share, in the same quarter a year earlier.Stripping out one-time items, adjusted earnings were $1.10 a share. Analysts polled by FactSet had been expecting 92 cents a share.Revenue jumped 27% to $4.37 billion, ahead of analyst estimates for $4.19 billion, according to FactSet.Fox's cable-network business, which includes Fox Sports 1, Fox Business and Fox News, logged a 12% gain from higher news ratings, higher prices and more digital ad revenue. Affiliate fees got a 3% revenue boost from higher prices that offset declining subscribers.The company's television segment saw a 40% jump in revenue from Super Bowl LIX, as well as digital growth led by its Tubi","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"超级碗提振福克斯第三季度收入和成本","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"FOX":0.9,"FOXA":0.9},"content_text":"By Dean Seal \n\n\n \n\n\n  Fox recorded a big gain in quarterly revenue from its broadcast of the Super Bowl, higher prices and higher news ratings, while surging costs cut into its earnings. \n\n\n  The broadcaster posted a fiscal third-quarter profit of $346 million, 75 cents a share, for the first three months of the year. That's compared with $666 million, or $1.40 a share, in the same quarter a year earlier. \n\n\n  Stripping out one-time items, adjusted earnings were $1.10 a share. Analysts polled by FactSet had been expecting 92 cents a share. \n\n\n  Revenue jumped 27% to $4.37 billion, ahead of analyst estimates for $4.19 billion, according to FactSet. \n\n\n  Fox's cable-network business, which includes Fox Sports 1, Fox Business and Fox News, logged a 12% gain from higher news ratings, higher prices and more digital ad revenue. Affiliate fees got a 3% revenue boost from higher prices that offset declining subscribers. \n\n\n  The company's television segment saw a 40% jump in revenue from Super Bowl LIX, as well as digital growth led by its Tubi streaming service. \n\n\n  Operating costs meanwhile surged 45% to $2.97 billion, primarily due to higher sports programming rights amortization and production costs from its broadcast of the Super Bowl. Higher digital content and marketing costs contributed as well. Overhead costs were up 8% at $551 million. \n\n\n  Shares were up 3.8% at $48.49 in premarket trading. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 12, 2025 08:26 ET (12:26 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}