Fox Corp hits advertising revenue record in first quarter

Shares of Fox Corporation hit an all-time high intraday Thursday after the media giant posted a record first quarter for advertising revenue.The parent company of Fox News and FOX Business reported its quarterly revenues were $3.74 billion in the first quarter of the company's fiscal year 2026, which ended on Sept. 30. That represented an increase of $174 million or 5% from the same period in the prior year."Advertising revenue grew 6% during the quarter despite not having last year's political revenue with robust trends at news, sports, entertainment and Tubi," Fox Corp. CEO Lachlan Murdoch s