21st Century Fox reported third-quarter profits on Tuesday that beat Wall Street expectations — powered by film and cable units that produced a 12 percent jump in revenue.
Fox's biggest revenue generator, its cable unit, reported a 15 percent revenue increase to $3.2 billion — thanks to bigger fees from domestic TV distributors and more advertising dollars.
Revenue from affiliate fees rose 18 percent thanks to growth at its regional sports networks, entertainment network FX and Fox News Channel.
US ad revenue rose 10 percent — sparked by the success of "The Simpsons" marathon on cable channel FXX and the consolidation of the Yankees cable network, YES.
Growth in film, which reported a 40 percent increase in operating income before depreciation and amortization, was lead by "Dawn of the Planet of the Apes" and "Maze Runner."
Adjusted earnings per share slipped to 39 cents, but beat Street expectations of 36 cents, according to Bloomberg.
Income from continuing operations was $1.04 billion, or 48 cents, vs. $768 million, or 33 cents, last year.
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