Fox Q3 Earnings: ‘People v OJ’ on SVOD Helps Make Up for No ‘Deadpool’ – But It’s Not Enough
Twenty-First Century Fox revealed its financials for the company’s third fiscal quarter of 2017 on Wednesday afternoon, reporting adjusted earnings per share (EPS) of 54 on $7.56 billion in revenue.
The EPS figure topped Wall Street’s anticipated result by 6 cents per share, though the top line number fell shy of the expected $7.63 billion in revenue from a Yahoo Finance compilation, which aggregated the estimates of 25 media analysts.
For the publicly-traded corporation’s Filmed Entertainment arm, the SVOD revenue for “The People v O.J. Simpson” helped offset a bit of those big-screen declines.
“We made progress in the quarter against our key strategic priorities, exemplified by our creative successes across screens, from theatrical releases ‘Logan’ and ‘Hidden Figures’ to new FX debuts of ‘Legion,’ ‘Feud’ and ‘Taboo,'” they continued.