Reported about 8 hours ago
Fox Corp announced its new subscription-based streaming service, 'Fox One', set to launch before the upcoming American football season, as it seeks to expand beyond cable TV. The company reported better-than-expected quarterly earnings, driven by a surge in advertising revenue from 'Super Bowl LIX', and saw shares rise 5%. The CEO hinted at potential partnerships with other streaming services to enhance viewership. Revenue increased by 27% to $4.37 billion, surpassing analyst estimates, with advertising income climbing significantly.
Source: YAHOO