Overall cable TV revenue -- which includes the Fox News Channel -- slipped 1% during the period. To an extent, this was offset by higher ad sales for the “World Baseball Games” on Fox Sports.

At its Television unit -- which includes the Fox Television Network -- advertising sales grew 61% to $590 million due to the airing of the Super Bowl in February.

The company also gave credit to higher ad business at its ad-supported streaming platform, Tubi.

Overall revenue for Fox Corp's television business grew 36% to $2.5 billion.

With a $787.5 million settlement in the case brought by Dominion Voting Systems, Fox Corp. had a net loss of $50 million, compared to $290 million net income in the first quarter of 2022.

Total company-wide revenues were up 18% to $4.1 billion, largely attributable to advertising sales driven by the Super Bowl. Typically, the big game can bring in around $400 million to $450 million in total day advertising revenue.

The Super Bowl posted the best-ever Nielsen-measured ratings at 115.1 million, after a recent re-calculation of viewership by Nielsen.

Affiliate fee revenue grew 3% in the period to $1.86 billion. Mid-day trading of Fox Corp. stock was up 1% at $32.46.