Fox has sold out of ad spots for the Super Bowl on Feb. 9, with more than 10 commercials selling for a record $8 million, according to a person familiar.
Fox Corporation (FOXA ) is set to report second-quarter fiscal 2025 results on Feb. 4. For the quarter, the Zacks Consensus Estimate for earnings is pegged at 64 cents per share, unchanged in the past 30 days.
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Via Mollie Callihane of Sports Business Journal, Fox has sold more than 10 spots for the game at more than $8 million each. Last year, 30-second spots during Super Bowl LVIII went for around $7 million. When Fox televised the game two years ago, the network generated $600 million at an average of $6.5 million each.
The Super Bowl is a hot ticket for advertisers because the live viewing audience is so large. Last year, an estimated 123.7 million viewers tuned into the game, according to Nielsen.
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These three teams are rising contenders in need of a star point guard and have the kinds of assets that the Kings would be interested in.
The market expects Fox (FOXA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture,
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