Fox Sports drove higher consumption overall for Fox Corporation last quarter, CEO Lachlan Murdoch said Thursday during the company's quarterly earnings call.
"FOX Sports was a big driver of that consumption, especially with its broadcast of the Women's World Cup, where the U.S. versus the Netherlands on Fox with the most watched Women's World Cup game match ever on U.S. English language television," Murdoch said.
Sports programming costs drove expenses higher, weighing on profit and offsetting revenue growth in the company's TV segment.
Fox cited the Women's World Cup and the renewal of National Football League rights as major costs.
But it comes with a massive price tag, especially as linear networks and streaming services have begun battling it out for programming rights.
Persons:
Lachlan Murdoch, Murdoch, Fox
Organizations:
Fox Sports, Utah Utes, USC Trojans, Los Angeles Memorial Coliseum, Fox Corporation, Fox, FOX, Netherlands, Sports, National Football League, YouTube, NFL, DirecTV
Locations:
Los Angeles