Business

21st Century Fox profits rise on strong film earnings

Girls holding The Fault in our stars books Image copyright Getty Images
Image caption 21st Century Fox's adaptation of John Green's best-selling novel The Fault in Our Stars was a hit

Rupert Murdoch's 21st Century Fox reported profits of $999m (£624m) in the third quarter, buoyed by strong earnings in its film and cable television units.

The company also said revenue rose to $8.42bn, a 17% increase from the same period last year.

Fox was helped by the success of the films X-Men: Days of Future Past, Rio 2, and The Fault in Our Stars.

Shares in the company rose 2% in after-hours trading.

"As we close the fiscal year, I continue to have confidence in our ability to execute our growth plan and drive value for our shareholders," said Mr Murdoch in a statement accompanying earnings.

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