Fox posted first-quarter record revenue as World Cup and political ads fueled a 22% jump

What happened: Fox reported record first-quarter revenue, with advertising revenue climbing 47% as World Cup and political ads fueled a 22% jump. Key numbers: Advertising revenue up 47%. Adjusted EBITDA rose 54% to $1.64 billion. Quarter ended Sept. 30. Why it matters: The results show advertising growth and higher adjusted EBITDA for the quarter, driven by World Cup and political ad spending.

Fox reported record first-quarter revenue, with advertising revenue climbing 47% as World Cup and political ads fueled a 22% jump.

The results show advertising growth and higher adjusted EBITDA for the quarter, driven by World Cup and political ad spending.