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Fox Corporation shares climbed over 3% on Tuesday as the media giant beat Wall Street expectations for its second quarter of 2025 with a 20% increase in revenue to $5.08 billion.
The revenue growth was primarily driven by a 21% increase in advertising revenue to $2.4 billion, primarily due to higher political advertising, the impact of MLB postseason ratings and NFL pricing, continued digital growth led by Tubi, and stronger news ratings and pricing. Affiliate fees also grew 6% to $1.9