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21st Century Fox Beats Q2 Earnings as Television Revenues Top $2 Billion

Twenty First Century Fox posted stronger-than-expected second quarter earnings Wednesday and said it expects the sale of its media assets to Walt Disney in the first half of this year.

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Fox said adjusted earnings for the three months ending in December, the company's fiscal second quarter, came in at 37 cents per share, down 11% from the same period last year but ahead of the Street forecast of 33 cents. Group revenues, Fox said, rose 5.7% to $8.5 billion and essentially matched analysts' estimates.

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https://www.thestreet.com/investing/stoc...yptr=yahoo

Fox Corp (FOXA) Q2 Earnings Beat Estimates, Revenues Up Y/Y

Fox Corporation FOXA reported second-quarter fiscal 2020 adjusted earnings of 10 cents per share that beat the Zacks Consensus Estimate of a loss of 4 cents but declined 76.7% year over year.

Revenues were up 5.4% year over year to $3.78 billion. The figure also surpassed the consensus mark by 3.4%.

Affiliate fees (38% of revenues) grew 6.8% to $1.44 billion. Advertising (53.2% of revenues) revenues increased 1.2% to $2.01 billion.

Other revenues (8.8% of revenues) rose 32.3% from the year-ago quarter to $332 million, driven by higher revenues from the operations of FOX Studios Lot for third parties.


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https://finance.yahoo.com/news/fox-corp-...01204.html