Political Ads, Soccer Drive Q1 Fox Profit
Brian Steinberg Senior TV Editor A surge in ad revenue tied to the coming 2024 presidential election and to a summer filled with soccer broadcasts boosted results in Fox Corp’s first fiscal quarter. The owner of the Fox broadcast network, Fox Sports and Fox News Media said net income attributable to Fox Corporation stockholders came to $827 million, or $1.78 per share in the period, compared to $407 million, or 82 cents a share in the year-earlier quarter. Revenue rose 11%, or $357 million, to $3.56 billion, compared with nearly $3.21 billion a year earlier.