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Fox Corp. reported its Q1 revenue of $3.21 billion, beating Wall Street expectations. However, the company's profit dipped due to advertising declines. Fox CEO Lachlan Murdoch highlighted the impact of the news cycle and a robust sports schedule on ad revenue. The company's ad revenue dropped, but affiliate fees rose. Murdoch assured analysts that his father, Rupert Murdoch, will remain involved in the company for years to come. The decision to end the WWE rights deal was also discussed. Despite rising costs, Fox emphasized the strong performance of its sports programming. Lachlan Murdoch expressed disappointment with the lack of excitement surrounding the World Series. The cable bundle remains Fox's largest revenue stream.
Lachlan Murdoch revealed his thoughts on Fox Sports' properties... MLB: 👎 College Football: 👍 NASCAR: 🟢 WWE: 👋 https://t.co/RvQQxqiMum
Lachlan Murdoch, the incoming chairman of Fox and News Corp, praises Fox News coverage of Israel-Hamas war https://t.co/dpD51GVQo4 https://t.co/hw4YPxwrYV
Lachlan Murdoch, the incoming chairman of Fox and News Corp, praises Fox News coverage of Israel-Hamas war https://t.co/jAaTC6dmKq https://t.co/5buuh1sKe5
Lachlan Murdoch: FOX Sports Was ‘Not Hitting Advertising Numbers’ Needed to Keep WWE. https://t.co/SZpIcUvVET https://t.co/zs3NgyDZR9
Lachlan Murdoch, the incoming chairman of Fox and News Corp, praises Fox News coverage of Israel-Hamas war https://t.co/mNKmV2U3zz https://t.co/q0eH8D0ktH
NEW COLUMN: I reviewed Derek Jeter's rookie year on TV With a six-year deal, Jeter has a chance to be the voice of baseball, but he's not there yet. https://t.co/O3LZoFKZe9
"The cable bundle remains our largest and most important revenue stream," Murdoch said during the earnings call. "We believe that it will remain our largest for years to come." https://t.co/t7vq6WbCjN
Fox touts sports programming performance even as costs rise https://t.co/hyg9Nv9VAP
$FOX CEO Lachlan Murdoch on the decision to end WWE rights deal https://t.co/sX3H19NXIT
Interesting comment from Fox CEO Lachlan Murdoch on his company's earnings call today re: college football. https://t.co/x4jaQtFBwf https://t.co/4N9jpiL4TV
Fox Corp profit drops nearly 33% on higher expenses, ad slowdown https://t.co/G7rvsMXkiq https://t.co/1IVgb7h2wG
Fox CEO Lachlan Murdoch bemoans lack of World Series excitement https://t.co/sbIRNd8Roe https://t.co/JYuVWPVQXa
Rupert Murdoch “Is Very Much Involved And Will Be For Years To Come,” Fox Corp. CEO Lachlan Murdoch Tells Wall Street Analysts On Quarterly Earnings Call (click photo below for story) https://t.co/5P3a8qEM27 https://t.co/PCSAL2UsRl
Derek Jeter pressed about uncertain Fox future after World Series https://t.co/hAiUaFqZhj https://t.co/yzoJ9F6a5f
Fox Corp. Beats Wall Street Expectations With Q1 Revenue of $3.21 Billion https://t.co/nlxXICAjdL
Fox Corp. Edges Wall Street Quarterly Estimates, But Feels The Squeeze Without Political Ad Influx https://t.co/5P3a8qEM27
Fox Corp. Ad Revenue Drops, Affiliate Fees Rise, Lachlan Murdoch Lauds "News Cycle, Robust Sports Schedule" https://t.co/poLNkj2mGh
Fox Corp. Sees Q1 Profit Dip as Advertising Declines https://t.co/Yi7lBUV8jw