India, May 12 -- Media firm Fox Corp. reported Monday weak earnings in its third quarter on higher expenses, while revenues were higher, benefited mainly by advertising revenue growth of 65 percent, primarily due to the impact of Super Bowl LIX. Adjusted earnings and top line beat market estimates.
In pre-market activity on the Nasdaq, the FOX shares were gaining around 3.8 percent to trade at $48.48.
Executive Chair and Chief Executive Officer Lachlan Murdoch said, "Our strong fiscal third quarter underscored the central role FOX plays in informing and entertaining America, and our financial performance, highlighted by record free cash flow, once again illustrates the strength of the FOX platform. Whether it is our market leading coverag...