💨 Abstract

The media company benefited from a near 25% fall in operating expenses in the quarter. That helped it report an adjusted profit of $1.09 per share, compared with LSEG estimates of 96 cents. The company’s ad revenue fell by more than a third in the first three months of the year as Fox grappled with the lack of a Super Bowl broadcast.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖