Fox (FOXA) Q2 Earnings Beat Estimates, Ad Revenues Decline

Fox Corporation (FOXA) reported second-quarter fiscal 2024 adjusted earnings per share (EPS) of 34 cents, which beat the Zacks Consensus Estimate by 240%. The figure decreased 29.2% year over year.Revenues declined 8.1% year over year to $4.23 billion. The figure beat the consensus mark by 1.28$1.78 billion, driven by 10% growth in the Television segment.Advertising revenues (47.3% of revenues) declined 20% year over year to $2 billion, primarily due to the ...