Fox Corp. shares soar as record ad boom ahead of elections helps revenue beat estimates
Fox(FOX) New York Post·2024-11-05 03:40
Fox Corp. beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher political advertising ahead of the presidential election on Nov. 5, sending its shares up nearly 3%.Americans are watching more traditional news and television programs for updates on the tightly contested race between Democratic candidate Kamala Harris and Republican Donald Trump, which boosted advertising spend at Fox News.Fox Chief Executive Lachlan Murdoch pointed to record political a ...