Fox recorded a big gain in fiscal third-quarter revenue from its broadcast of the Super Bowl while surging costs cut into its earnings.

Fox Corporation said profit in its fiscal third quarter tumbled due to higher operating expenses despite a windfall of ad revenue generated by the company's recent broadcast of Super Bowl LIX. The owner of Fox News Channel and the Fox broadcast network said net income attributable to shareholders in the period came to $346 million,

Paramount Global saw a 6% decline in total revenue and 19% decline in advertising revenue this past quarter compared to last year’s Q1.