Fox's third-quarter performance exceeded expectations, with advertising revenue increasing by 65% year-on-year.

Fox Corporation announced its third quarter performance, with revenue increasing by 27% year-on-year to $4.37 billion, surpassing analysts' average expectation of $41.8 billion; adjusted earnings per share were $1.1, compared to $1.09 in the same period last year, and analysts had expected 92 cents. Advertising revenue during the period increased significantly by 65% year-on-year to $2.04 billion, exceeding the expected $1.67 billion.