Fox said Thursday that revenue jumped nearly 5% in its most recent quarter thanks to strong advertising demand across its business.
In its fiscal first quarter, revenue rose 4.9% to $3.74 billion – beating Wall Street estimates of $3.57 billion.
Advertising revenues soared 6% for the three months ended Sept. 30.
Fox’s Tubi streaming service, news division and NFL offerings were some of the top players bringing in ad dollars.
Revenue for Fox’s cable business, which includes Fox News, Fox Business and Fox Sports 1, jumped $1.66 billion, up 4.1% from the previous year.
Its television division reported a 5% rise in revenue to $2.05 billion.
Fox reported profit of $599 million, or $1.32 a share – down from $827 million, or $1.78 a share, the same time last year.
Net income was $609 milli

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