Future Tech

Fox reports rise in quarterly revenue, beats profit estimates

Tan KW
Publish date: Wed, 07 Aug 2024, 06:18 AM
Tan KW
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Future Tech

  Fox Corp topped Wall Street expectations for quarterly profit and reported a rise in revenue on Tuesday, helped by steady demand for its Tubi streaming service in the United States, sending its shares up nearly 5% in early trading.

The company's revenue for the quarter was helped by a 5% rise in affiliate fee, driven by growth across television and cable network programming segments.

 


  - Reuters

 

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