(Reuters) - Twenty-First Century Fox Inc's
The company's shares were up nearly 1 percent in extended trading.
The results come after CNBC reported on Monday that Fox had, in the last few weeks, held talks about selling most of its film and television assets to Walt Disney Co
Rupert Murdoch-controlled Fox did not address the report in its first-quarter report.
That beat analysts average estimate of $4.12 billion, according to financial data and analytics firm FactSet.
Domestic advertising revenue in the cable business rose 3 percent. Fox's ad revenue can vary from quarter to quarter depending on events, but has been hit by viewer's increasing preference for streaming services.
Revenue at Fox's filmed entertainment division rose 3 percent to $1.96 billion, edging past analysts estimate of $1.95 billion, according to FactSet.
Net income attributable to shareholders increased to $855 million, or 46 cents per share, from $821 million, or 44 cents per share.
Excluding items, Fox earned 49 cents per share, inline with market estimates.
The reported talks with Disney adds another layer of uncertainty to Fox's bid to buy the rest the nearly 61 percent of European pay-TV group Sky Plc
The offer is being closely scrutinized by the British government. Murdoch has repeatedly stated that deal would be approved in the first half of 2018.
"Absent further delays, the transaction is expected to close by June 30, 2018," Fox said on Wednesday.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Savio D'Souza)
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)