Burger King and Tim Hortons sell by selling traffic; Kimberly-Clark profits fall; Report: Stores offering huge discounts on herhey products; Dictionary.com choosing “67” as the word of the year.
Shares of Fox Corporation Hit an all-time intraday high on Thursday after media giant posted a record first quarter of advertising revenue.
The parent company of FOX News and Fox Business reported its quarterly revenue was $3.74 billion in the first quarter of the company’s fiscal year 206, which represented an increase of $174 million.
| It’s teasing | Security | – Last | Answer | Change % |
|---|---|---|---|---|
| A type of large fish | Fox Corp. | 65.51 | +4.70 |
+ 7.73% |
“Advertising revenue grew 6% during the quarter despite not having the political revenue of last year with strong trends in news, sports, entertainment and tubis,” FOX CORP. CEO Laclan Murgodi incoming call.
“This is supported by the benefits of engagement across the entire portfolio, which sets us apart from our peers and underlines the strength of our products and the leading positions they hold in our ecosystem,” added Murdoch.
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FOX Corp Corp Lachlan Murdoch noted an increase in advertising revenue despite spending on political ads decreasing compared to last year. (Draw Anger Images/Getty/Getty Images)
Advertising Revenue in the quarter allowed slightly more than $ 1.4 billion, up from Rugely $ 1.3 billion reported in the same quarter last year. First quarter revenue touched the highest in the history of FOX news media.
| It’s teasing | Security | – Last | Answer | Change % |
|---|---|---|---|---|
| A specific species of fox | Fox Corp. | 58.83 | +4.48 |
+ 8.24% |
Within the fork cable networks, Advertising Money It was $345 million in Q1 2026, from $321 million in Q1 2025. That increase was due to higher news items.
FOX’s network revenue totaled $1.66 billion, up $65 million or 4% from the quarter reported last year.
“We’re up 63% share compared to our news. And I think in Prime Time, we’re at 65% share compared to our new competitors. But also, you know, we’re the number one channel of the television year” Murdoch noted.
The FOX news channel continues to tie the softening industry to beat ABC, CB and NBC in primetime viewers for the week of the year to date, according to Nielsen media research.
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FOX Corp. is the parent company of foxbusiness.com and fox news. (Erik McGregor / Lighstracket Via Getty Images / Getty Images)
Fox momentum continues with rising demand.
“I think we had about 350 new clients on Fox News this year. And they continue to use and, in direct response stories where we find that we are very healthy, very strong pricing” Murdoch added.
FOX Corp. It also announced that it expects to enter 1.5 billion Share again Transactions begin on Friday, Oct. 31 31.
The plan assumes the repurchase of $700 million of Class B common stock and $800 million of Class B common stock, and FOX expects to complete those repurchases in the company’s second half of 2026.
The stock has gained more than 33% this year, outperforming the S&P 500’s 16%.
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FOX Corp. is the parent company of foxbusiness and fox news.
