Key facts
- Fox Corporation reported fourth-quarter revenue of $4.21 billion.
- Fox Corporation's revenue surpassed analyst estimates of $3.64 billion.
- Fox Corporation's revenue was boosted by advertising sales from the FIFA World Cup.
- News Corp reported fourth-quarter revenue of $2.34 billion.
- News Corp's revenue surpassed analyst estimates of $2.23 billion.
- News Corp's performance was boosted by its digital real estate segment, book publishing, and Dow Jones.
- News Corp's adjusted earnings per share nearly doubled to $0.35.
- Ralph Lauren surpassed Wall Street's first-quarter earnings and revenue expectations.
- Ralph Lauren experienced robust demand from affluent consumers for its high-priced collections.
- Ralph Lauren's shares saw a modest increase in premarket trading.
Fox Corporation announced fourth-quarter revenue and profit that exceeded Wall Street's expectations, largely attributed to robust advertising sales generated by the FIFA World Cup. The company reported total revenue of $4.21 billion, significantly surpassing the $3.64 billion that analysts had projected. This strong performance indicates a successful monetization of major sporting events through advertising.
News Corp also reported fourth-quarter results that beat revenue estimates, with a total revenue of $2.34 billion against an expected $2.23 billion. The company's performance was bolstered by several key segments, including its digital real estate operations, its book publishing division, and the financial news and data provider Dow Jones. Furthermore, News Corp saw its adjusted earnings per share nearly double, reaching $0.35, highlighting improved profitability.
In a separate development, Ralph Lauren surpassed Wall Street's expectations for both earnings and revenue in its first quarter. The luxury fashion company experienced robust demand for its high-priced collections, particularly from affluent consumers. This strong consumer spending on premium goods contributed to the company's positive financial results. Following the announcement, Ralph Lauren's shares experienced a modest increase in premarket trading, reflecting investor confidence.