Fox Corp. Sees Q1 Profit Hike on World Cup, Political Ads
- Fox revenue rose 22% to $4.57 billion.
- Net income increased to $943 million.
- World Cup and political advertising boosted results.
Fox Corporation reported higher profit and revenue for its fiscal first quarter, supported by advertising around its FIFA World Cup coverage, political campaigns and sports events. The results show how live events and established TV brands can attract advertising and subscriber income as traditional media companies compete in…