Foxs quarterly profits surge as World Cup,…
Fox Corp posted stronger-than-expected first-quarter earnings Monday, boosted by a surge in promoting gross sales from this summer time’s FIFA World Cup and the midterm elections despite a slowdown in Fox News scores.
Quarterly income at the media company jumped 22% to $4.57 billion, with promoting gross sales up 47% in the period, with streaming platform Tubi also contributing to the advert gain.
The company said on an analyst call Monday that it reeled in $350 million in political promoting spending across the firm during the midterm cycle.
Fox said a surge in promoting…
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