(Reuters) -Fox Corp posted fourth-quarter revenue in-line with Wall Street estimates, as the broadcaster benefited from an industry-wide uptick in advertising.
Companies that had cut back on their marketing budgets are looking to advertise again, bolstered by hopes of improving consumer sentiment as inflation has begun to cool.
The company reported revenue of $3.03 billion, in-line with market estimates.
Net income attributable to stockholders stood at $375 million, compared with $306 million a year earlier.
Ad revenue stood at $1.01 billion, beating expectations of $985.7 million, according to Visible Alpha.
(Reporting by Samrhitha Arunasalam in Bengaluru; Editing by Vinay Dwivedi)
