Overview

• Fox Corporation's fiscal Q3 revenue rose to $4.37 billion, a 27% year-over-year increase, exceeding Wall Street expectations.
• Advertising revenue surged 65%, fueled by Super Bowl LIX ads, digital growth led by Tubi, and stronger news ratings and pricing.
• Net income fell to $354 million from $704 million due to increased expenses for programming rights, event production, and digital marketing.
• Affiliate fee revenues grew 3%, with gains in both the Television and Cable Network Programming divisions.
• CEO Lachlan Murdoch emphasized record free cash flow and the company's strong asset base as key drivers of long-term shareholder value.