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Fox reports upbeat third-quarter revenue on strong advertising push
Fox reports upbeat third-quarter revenue on strong advertising push

Time of India

time13-05-2025

  • Business
  • Time of India

Fox reports upbeat third-quarter revenue on strong advertising push

HighlightsFox Corporation reported a 27 per cent increase in revenue, reaching $4.37 billion in the third quarter, surpassing Wall Street estimates. The company experienced a 65 per cent rise in advertising revenue, totaling $2.04 billion, driven significantly by the viewership of the Super Bowl. An estimated 127.7 million viewers watched the Super Bowl, marking it as the largest audience for a single-network telecast in television history, according to Nielsen ratings. Fox Corp beat Wall Street estimates for third-quarter revenue on Monday as the media company benefited from strong advertising driven by the Super Bowl. More advertisers have turned to the company, which owns brands such as FOX News , FOX Sports and the Tubi streaming service , to capture its viewership. An estimated 127.7 million viewers tuned in for the Super Bowl National Football League championship broadcast by Fox, the largest audience in TV history for a single-network telecast, the Nielsen ratings agency said in February. The Super Bowl is the biggest event on U.S. television each year and its audience has increased in recent years, while viewership for much of traditional TV has declined. Revenue rose 27 per cent to $4.37 billion in the third quarter, compared with analysts' average estimate of $4.18 billion, according to data compiled by LSEG. Advertising revenue increased 65 per cent to $2.04 billion, beating an estimate of $1.67 billion.

Fox names new streaming service ‘Fox One,' plans launch before football season
Fox names new streaming service ‘Fox One,' plans launch before football season

New York Post

time12-05-2025

  • Business
  • New York Post

Fox names new streaming service ‘Fox One,' plans launch before football season

Fox said its new subscription-based streaming service will be called 'Fox One' and is set to launch before the fall American football season, as the media company seeks to reach audiences beyond its mainstay cable television business. Unveiling further details on Monday about the service first announced in February, Fox said pricing for Fox One would align with its wholesale rates and would not be offered at a discount. Shares of the company rose nearly 5% as it also reported quarterly profit and revenue exceeding Wall Street expectations, thanks to a surge in advertising revenue driven by its broadcast of 'Super Bowl LIX' in February. Advertisement 3 Fox reported quarterly profit and revenue exceeding Wall Street expectations, thanks to a surge in advertising revenue driven by its broadcast of 'Super Bowl LIX' in February. Getty Images The Murdoch family-controlled company has largely sat out the streaming race between legacy media and firms such as Netflix, betting instead on ad revenue from its free Tubi streaming service that has about 97 million monthly active users. Fox will partner with other distributors and services to offer Fox One, CEO Lachlan Murdoch told analysts, hinting at potentially bundling deals with other streamers — a strategy that has gained traction as companies look to curb subscriber churn. Advertisement 'The pricing will be healthy,' Murdoch said, adding Fox does not want to lose cable subscribers to the streaming service. In the March quarter, more advertisers turned to the owner of FOX News, FOX Sports and Tubi to capture its growing viewership. An estimated 127.7 million viewers tuned in for the Super Bowl National Football League championship broadcast by Fox, the largest audience in TV history for a single-network telecast, according to Nielsen. Advertisers paid as much as $8 million for 30 seconds of commercial time during the game. 3 Fox will partner with other distributors and services to offer Fox One Fox News 3 An estimated 127.7 million viewers tuned in for the Super Bowl National Football League championship broadcast by Fox, the largest audience in TV history for a single-network telecast, Icon Sportswire via Getty Images Advertisement Revenue rose 27% to $4.37 billion in the third quarter, beating an estimate of $4.18 billion, according to data compiled by LSEG. Advertising revenue increased 65% to $2.04 billion, beating an estimate of $1.67 billion. Adjusted profit per share of $1.10 beat an estimate of $0.91.

Fox names new streaming service ‘Fox One', plans launch before football season
Fox names new streaming service ‘Fox One', plans launch before football season

Business Recorder

time12-05-2025

  • Business
  • Business Recorder

Fox names new streaming service ‘Fox One', plans launch before football season

Fox Corp said its new subscription-based streaming service will be called 'Fox One' and is set to launch before the fall American football season, as the media company seeks to reach audiences beyond its mainstay cable television business. Unveiling more details on Monday about the service first announced in February, Fox said pricing for Fox One would align with its wholesale rates and would not be offered at a discount. Shares of the company rose more than 4% in premarket trading as it also reported quarterly profit and revenue exceeding Wall Street expectations, thanks to a surge in advertising revenue driven by its broadcast of 'Super Bowl LIX' in February. The Murdoch family-controlled company has largely sat out the streaming race between legacy media and firms such as Netflix, betting instead on ad revenue from its free Tubi streaming service. Fox will partner with other distributors and services to offer Fox One, CEO Lachlan Murdoch told analysts, hinting at potentially bundling deals with other streamers — a strategy that has gained traction as companies look to curb subscriber churn. 'The pricing will be healthy,' Murdoch said, adding Fox does not want to lose cable subscribers to the streaming service. In the March quarter, more advertisers turned to the owner of FOX News, FOX Sports and Tubi to capture its growing viewership. An estimated 127.7 million viewers tuned in for the Super Bowl National Football League championship broadcast by Fox, the largest audience in TV history for a single-network telecast, according to Nielsen. Advertisers paid as much as $8 million for 30 seconds of commercial time during the game. Revenue rose 27% to $4.37 billion in the third quarter, beating an estimate of $4.18 billion, according to data compiled by LSEG. Advertising revenue increased 65% to $2.04 billion, beating an estimate of $1.67 billion. Adjusted profit per share of $1.10 beat an estimate of $0.91.

Fox reports upbeat third-quarter revenue on strong advertising push
Fox reports upbeat third-quarter revenue on strong advertising push

Yahoo

time12-05-2025

  • Business
  • Yahoo

Fox reports upbeat third-quarter revenue on strong advertising push

(Reuters) -Fox Corp beat Wall Street estimates for third-quarter revenue on Monday as the media company benefited from strong advertising driven by the Super Bowl. More advertisers have turned to the company, which owns brands such as FOX News, FOX Sports and the Tubi streaming service, to capture its viewership. An estimated 127.7 million viewers tuned in for the Super Bowl National Football League championship broadcast by Fox, the largest audience in TV history for a single-network telecast, the Nielsen ratings agency said in February. The Super Bowl is the biggest event on U.S. television each year and its audience has increased in recent years, while viewership for much of traditional TV has declined. Revenue rose 27% to $4.37 billion in the third quarter, compared with analysts' average estimate of $4.18 billion, according to data compiled by LSEG. Advertising revenue increased 65% to $2.04 billion, beating an estimate of $1.67 billion. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Super Bowl audience sets all-time record for a single-network broadcast
Super Bowl audience sets all-time record for a single-network broadcast

Reuters

time11-02-2025

  • Sport
  • Reuters

Super Bowl audience sets all-time record for a single-network broadcast

LOS ANGELES, Feb 11 (Reuters) - An estimated 127.7 million viewers tuned in for Sunday's Super Bowl National Football League championship broadcast by Fox (FOXA.O), opens new tab, the largest audience in TV history for a single-network telecast, the Nielsen ratings agency said on Tuesday. The figure includes viewers who watched on the Fox broadcast network, Fox Deportes, Telemundo and the Fox-owned streaming service Tubi in homes and at bars and restaurants. Viewership for the matchup between the Kansas City Chiefs and Philadelphia Eagles peaked in the second quarter at 137.7 million viewers. The Eagles crushed the Chiefs by a score of 40-22. The Super Bowl is the biggest event on U.S. television each year. The previous viewership record was set last year, when 123.7 million people watched the game.

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