Key facts
- Fox Corp announced a $22 billion agreement to acquire Roku.
- Fox Corp beat revenue and earnings estimates for its fourth quarter.
- FIFA World Cup ad sales drove Fox Corp's revenue growth.
- Ralph Lauren surpassed Q1 revenue and EPS estimates.
- Demand from affluent shoppers in Asia and North America boosted Ralph Lauren.
- Ralph Lauren raised its annual revenue forecast.
- The midpoint of Ralph Lauren's annual revenue forecast fell short of analyst expectations.
Fox Corp has agreed to acquire streaming platform Roku in a $22 billion deal. This announcement comes as Fox Corp reported fourth-quarter financial results that exceeded Wall Street's expectations for both revenue and earnings. The company's strong performance was significantly boosted by advertising sales related to the FIFA World Cup.