Fox Corp rises on upbeat Q3 earnings, plan to launch 'Fox One' streaming service
ReutersMay 12, 2025 2:14 PM
U.S. multinational media company Fox Corp's FOXA.O shares rise 5.2% to $52.84, highest since April 3
Beats Q3 adjusted profit estimates as co benefited from strong advertising driven by the Super Bowl
Co separately announced a new subscription-based streaming service "Fox One," set to launch before the fall American football season
Q3 adjusted earnings were $1.1 per share vs analysts' estimate of $0.91 per share, according to the data compiled by LSEG
Q3 revenue rose 27% to $4.37 bln, compared with analysts' average estimate of $4.18 bln
As of last close, FOXO up 3.4% YTD, compared with a fall of 3.7% YTD in the benchmark S&P 500 index .SPX
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