Fox revenue jumps 5% on strong advertising demand
1. Fox's revenue increased 4.9% to $3.74 billion, beating estimates. 2. Advertising revenue surged 6%, driven by Tubi and NFL offerings. 3. Profit fell to $599 million; higher marketing costs impacted earnings. 4. Fox announced a $1.5 billion share buyback program to enhance shareholder value. 5. New streaming service Fox One launched and exceeded adoption expectations.