Fox Corporation reported on Tuesday that its total revenue for the second quarter of fiscal 2025 jumped 20% year-over-year to land at $5.1 billion. Advertising revenues increased 21% to land at $2.4 billion, driven by the higher political ad revenues, while affiliate fee revenues added 6% annually to reach $1.9 billion.
Net income came in at $388 million, skyrocketing 237% from the same quarter the year before. Net income attributable to Fox Corporation stockholders per share rose from $0.23 to $0.81, marking a 252% increase.
"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," Fox CEO Lachlan Murdoch commented, going on to say that the media giant continues to deliver by any metrics used. Following the release of the report, Fox's Class A shares traded 4.54% higher at 8:23 am ET.