5 publishers · first seen Mon, 02 Nov 2026 13:12 UTC · updated Mon, 02 Nov 2026 14:50 UTC
Fox Corporation reported a 22% increase in revenue for its fiscal first quarter, reaching $4.57 billion, driven by a 47% surge in advertising revenue, largely due to the FIFA Men's World Cup broadcasts. Political advertising also contributed significantly, with over $350 million generated from the midterm elections. The company's net income rose to $957 million, up from $609 million the previous year. Fox's CEO, Lachlan Murdoch, highlighted the company's strong performance and strategic focus on live events and political advertising as key factors in the revenue growth. The company is also in the process of finalizing its acquisition of Roku, which is expected to close in 2027.
The Fox Corporation's revenue growth was supported by a 9% increase in distribution revenue and a 47% increase in advertising revenue, with the FIFA World Cup and political advertising being the primary drivers. The company's cable networks saw an 8% increase in revenue, while its traditional TV operations experienced a 32% increase.
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