Fox (FOXA) Q3 Earnings Beat Estimates, Ad Revenues Decline

Fox Corporation (FOXA) reported third-quarter fiscal 2024 adjusted earnings per share of $1.09, which beat the Zacks Consensus Estimate by 11.22%. The figure increased 16% year over year.Revenues declined 15.6% year over year to$ 3.44 billion. The figure beat the consensus mark by 0.22%.Affiliate fees (56.2% of total revenues) rose 4.4% to $1.93 billion, driven primarily by 9.2% growth in the Television segment.Advertising revenues (35.8% of total revenues) plunged 34.1% year over year to$ 1.24 billion, pri ...