Fox Corporation hits $5B revenue on ad gains, cable growth

Fox Corporation beat earnings forecasts in the second quarter of the current fiscal year thanks to a surge in ad revenue from the media conglomerate’s news networks and sports programs.Fox Corp reported $5.18 billion in total revenue, a 2% year-over-year increase, as companywide ad revenue rose 1% and cable advertising jumped 7%, driven by news and sports pricing.Tubi, Fox’s free, ad-supported streaming service, posted record quarterly revenue of 19% — marking EBITDA profitability for the second straight qu ...