Fox’s profit doubled in its latest quarter, as surging political advertising on its television networks ahead of Tuesday’s presidential election helped boost revenue more than Wall Street expected. The broadcaster on Monday said advertising revenue rose 11% compared to the same quarter last year,

Strong political advertising drove Fox Corp. to a big quarter, with ad revenue surging and profits more than doubling compared to a year ago. Fox reported revenues of $3.56 billion, up 11 percent from a year earlier,

Fox Corporation posted positive results for its first quarter of fiscal year 2025, beatings out Zack's Investment Research estimates when it came to both revenue and adjusted earnings per share. This boost was largely due to higher-than-usual political advertising ahead of the 2024 election.