2026 FIFA World Cup gives a major revenue boost to Fox Corp.

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Set us as preferred The 2026 FIFA Men’s World Cup delivered record audience levels for Fox and it showed up on the balance sheet.Fox Corporation reported revenues of $4.12 billion for the three months ending June 30, an increase of 28% over the same quarter last year and well ahead of estimates from Wall Street analysts.Adjusted earnings per share were $1.79, the company announced Thursday in its earnings statement, also better than expected.Advertising revenue was up 78% in that period, largely due to World Cup, which exceeded the company’s expectations.In the United States, 128.4 million people watched some portion of the World Cup across Fox’s broadcast network, its cable outlet FS1 and streaming platform Tubi.

The 104 matches averaged a record high 7.7 million viewers, a 116% increase over the 2022 World Cup in Qatar.Fox saw 11 matches top 15 million viewers.“At a time when audiences are increasingly fragmented, the World Cup demonstrated the unique power of Fox to deliver live premium sports that bring people together at scale,” Fox Corp.

Chief Executive Lachlan Murdoch told analysts on the company’s earnings call.Fox Corporation’s stock jumped nearly 5% in early trading, rising to nearly $55 a share.The World Cup helped boost a strong fiscal year for Fox, which reported revenue of $17.13 billion, an increase of 5% over the previous year which included a Super Bowl telecast.Net income came in at $1.73 billion compared to $2.29 billion the previous year as the company faced higher costs with the launch of direct-to-consumer streaming service Fox One and other investments in digital.Fox also cited digital growth at the company led by its ad supported streaming service Tubi, which saw its year-to-year revenue rise by 35%.

Fox One — which offers Fox News and other cable channels — is also ahead of schedule...