Fox Corp posted stronger-than-expected first-quarter earnings Monday, boosted by a surge in promoting gross sales from this summer season’s FIFA World Cup and the midterm elections despite a slowdown in Fox News scores.

Quarterly income at the media firm jumped 22% to $4.57 billion, with promoting gross sales up 47% in the interval, with streaming platform Tubi also contributing to the advert acquire.

The firm said on an analyst call Monday that it reeled in $350 million in political promoting spending across the agency during the midterm cycle.

Fox said a surge in promoting gross sales from the World Cup bolstered its quarterly earnings. FIFA via Getty Images

Fox said its first-quarter earnings rose to $957 million, or $2.20 a share versus year-ago revenue of $609 million, or $1.32 a share. Adjusted EPS totaled $2.54.

Wall Street expected EPS of $2.02 on income of $4.32 billion.

Company Chief Executive Lachlan Murdoch informed buyers that an October dip in scores at its Fox News community — weeks forward of the midterm election — was due to “viewer fatigue” and notably robust scores a yr earlier.

He famous that it was not indicative of bigger viewership issues.

Last yr, Fox attracted a regular stream of viewers after the September 2025 demise of conservative activist Charlie Kirk, as effectively as a number of pure disasters.

Fox CEO Lachlan Murdoch disregarded a slowdown in scores at Fox News. Getty Images

“We’ve seen this playbook and know how to move through it,” Murdoch said.

Fox’s prime-time viewership fell 28% in October from the year-ago interval, according to Nielsen. The community still stays the most-watched cable information community, forward of MS Now and CNN, however.

Fox Corp and New York Post guardian News Corp share widespread possession.