FOX Profit Surges

Fox Corporation shares surged more than 4% in pre-market trading on Tuesday after the company reported second-quarter results for 2025 that exceeded Wall Street's expectations. The company's revenue increased by 20% to $5.08 billion.

The Wrap reports the revenue boost was largely due to a 21% rise in advertising revenue, reaching $2.4 billion, fueled by increased political advertising, high MLB postseason ratings, NFL pricing strategies, growth in digital platforms like Tubi, and improved news ratings and pricing. Affiliate fees also saw a 6% increase to $1.9 billion, with contributions from both television (up 9%) and cable network programming (up 4%).

Fox's profit for the quarter more than tripled, with a year-over-year increase of 238% to $388 million.

In a statement, CEO Lachlan Murdoch (right) highlighted the success, stating, “A compelling fall sports schedule combined with a record-breaking presidential election news cycle resulted in second quarter results that reflect the strength and breadth of FOX. Whether measured in terms of engagement, monetization or profitability, our focused strategy of live news and sports programming, coupled with our growing digital initiatives, continues to deliver. We remain committed to sustained long-term value creation for our shareholders through our thoughtful and disciplined strategy for growth.”

Key Financial Results:

• Net Income: $388 million, a stark increase from $115 million the previous year. Net income for Fox shareholders was $373 million, up from $109 million. Adjusted net income was $442 million, compared to $165 million last year.
• Revenue: Up 20% to $5.08 billion from $4.23 billion, surpassing the $4.89 billion anticipated by analysts according to Zacks Investment Research.
• Earnings Per Share (EPS): Reported at 81 cents per diluted share, a significant rise from 23 cents the year before. Adjusted EPS was 96 cents per share, exceeding the 65 cents per share expected by analysts.