Fox Corp Sees 11% Revenue Boost Driven by Political Ads

The surge in advertising revenue comes as the company benefits from increased political spending and strong growth at its streaming service Tubi.

Fox Corp reported first-quarter revenue of $3.56 billion, exceeding Wall Street expectations of $3.37 billion.
Political advertising ahead of the 2024 U.S. presidential election significantly contributed to the company's revenue increase.
Fox News reached 145 million viewers in October, with total audience growth of over 40% year over year.
Tubi, Fox's ad-supported streaming platform, is on track to reach a billion dollars in revenue, benefiting from political ad spending.
Fox Corp's net income more than doubled to $832 million compared to $415 million in the previous year.