Fox Q3 revenue dips to $3.99B as Super Bowl absence hits ad sales, but adjusted EBITDA rises 11%.

Fox reported Q3 revenue of $3.99 billion, down from $4.37 billion last year, mainly due to lower advertising sales without the Super Bowl this year. However, distribution revenue grew 3%, and content revenue rose 12%, helped by sports sub-licensing. Adjusted EBITDA increased 11% to $954 million, driven by cost savings, while adjusted net income per share beat expectations at $1.32. CEO Lachlan Murdoch highlighted strong live programming and streaming service growth, with the FIFA World Cup broadcast expected to boost future viewership and revenue.