21st Century Fox

(21st Century Fox)

21st Century Fox Reports Fall in Revenue

Earnings Reuters

Twenty-First Century Fox Inc reported lower-than-expected quarterly adjusted revenue, hurt by a fall in sales in its filmed entertainment division.

Continue Reading Below

Net income attributable to shareholders fell to $672 million, or 34 cents per share, in the second quarter ended Dec. 31, from $6.21 billion, or $2.88 cents per share, a year earlier.

The year-ago numbers include Fox's direct broadcast satellite television business, which the company has since sold.

Adjusted for the sale, Fox's revenue fell marginally to $7.38 billion in the quarter from $7.42 billion a year earlier. (Reporting By Lehar Maan in Bengaluru; Editing by Saumyadeb Chakrabarty)

Continue Reading Below