Fox Corporation Ad Revenue Slips to $1.2 Billion, but Q3 Earnings Still Beat Wall Street Expectations

The Wrap
By Natalie KorachMay 8, 2024, 8:27 am57 pts
Fox Corporation beat Wall Street estimates in its third quarter of 2024, largely due to the absence of legal charges associated with Dominion Voting Systems’ lawsuit, despite seeing ad revenue declines throughout the quarter. Here are the top-line results: Net income: $704 million, compared to a net loss of…

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