Fox Tops Estimates as Super Bowl Drives Ad Revenue Up 65%
1. Fox Corporation reported better-than-expected earnings and revenue results. 2. Adjusted EPS was $1.10, beating forecasts of $0.93. 3. Revenue grew 27% YoY to $4.37 billion, driven by strong advertising. 4. Advertising revenue rose 65% due to Super Bowl and digital growth. 5. Shares increased nearly 4% in pre-market trading amid positive market sentiment.