Fox sees revenues dip 8% in Q2 earnings report

Fox saw revenue dip 8% last quarter to $4.23B on “weaker advertising due in part to tough comps from the year before.” Affiliate fee revenues increased 4%, “driven by 10% growth at the television segment.” Other revenues increased 14%, “primarily due to higher sports sublicensing revenues at the national sports networks, offset by lower content revenues at the entertainment production companies.” Net income for the company’s fiscal Q2 ended in December “plunged” to $115M from $321M. Expenses decreased in the quarter, “primarily due to lower entertainment and sports programming rights amortization and production costs, led by fewer hours of original scripted programming and the absence of the Men’s World Cup, partially offset by the renewed NFL contract” (DEADLINE, 2/7). Sports Business Journal