Political Advertising Surge Drives Fox Corp. Earnings
Fox reported revenues of $3.56 billion, up 11 percent from a year earlier, including advertising revenues of more than $1.3 billion, also up 11 percent. Meanwhile, net income was $832 million, more than double the profits a year ago of $415 million. That gain however was skewed by the value of Fox’s option in sports betting platform FanDuel.