Categories: मनोरंजन

Fox beats quarterly revenue estimates as Tubi drives ad sales

(Reuters) -Fox Corp beat estimates for quarterly revenue on Thursday, boosted by strong advertising sales at its free streaming platform Tubi. Advertising revenue grew 6% in the quarter, primarily due to continued digital growth at Tubi and stronger ratings and pricing across Fox's news and NFL broadcasts. The results highlight the company's continued reliance on digital growth and live programming to offset pressure from a soft cable TV market and rising content costs. Tubi continued to be a bright spot for Fox, widening the company's footprint in the fast-growing ad-supported streaming market and pulling in younger, cord-cutting viewers who are turning away from traditional television. The company's first-quarter revenue rose 5% to $3.74 billion, compared with the estimates of $3.57 billion, according to data compiled by LSEG. (Reporting by Kritika Lamba in Bengaluru; Editing by Anil D'Silva)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Inkhabar webdesk

Share
Published by Inkhabar webdesk

Recent Posts

Breast cancer study: Lymph nodes changes could reveal who is at risk

London (PA Media/dpa) - Researchers have pinpointed changes in the structure of lymph nodes which could…

8 hours ago

Bad Bunny meets Pope Leo in Madrid, but should have taken more photos

BARCELONA, June 9 (Reuters) - Pope Leo had a brief private meeting with Puerto Rican…

8 hours ago

Sloth genes might hold secret to ageing well, research suggests

Scientists mapping the sloth genome found long-conserved “jumping genes” tied to mitochondria and the animal’s…

8 hours ago

Window collisions kill billions of birds every year. What can you do?

Berlin (dpa) - Billions of birds die each year after flying into windows, according to…

10 hours ago

Britain begins formal review of Paramount's $110 billion Warner Bros deal

June 9 (Reuters) - Britain's competition regulator said on Tuesday it has formally started its…

11 hours ago

Britain begins formal review of Paramount' s $110 billion Warner Bros deal

June 9 (Reuters) - Britain's competition regulator said on Tuesday it has formally started its…

11 hours ago