Fox Corporation saw profit in its fiscal second quarter surge due to its reliance on news and sports programming, with ads tied to the 2024 presidential election and big-audience MLB and NFL telecasts giving a boost to operations at the company.

Fox Corp. exceeded Wall Street expectations in the October-to-December quarter, riding a surge of advertising revenue from news and sports.

Fox Corp. (FOXA) stock rose Tuesday afternoon after the New York-based news, sports and entertainment company announced better-than-expected fiscal year 2025 second-quarter results. The company reported second-quarter adjusted earnings per share (EPS) of $0.

Fox Corp. Executive Chairman Lachlan Murdoch said the company is working on a direct-to-consumer product aimed at cord-cutters.

Fox Corp. expects to launch a new subscription-based streaming outlet by end of 2025, citing desire to reach younger consumers who don't have cable

Fox Corp is launching a streaming service before the end of the year. Content will be drawn from Fox News and Fox Sports. The company says it is not trying to steal customers away from cable operators. The streaming space is about to get more crowded.