Fox Corp reports fiscal Q1 revenue of $4.57 billion, net income of $957 million

Fox Corp reported fiscal first-quarter revenue of $4.57 billion, up 22% year-over-year, and net income of $957 million ($2.20 per share). Adjusted EBITDA rose 54% to $1.64 billion, driven by the FIFA World Cup broadcast, political advertising, and Tubi digital growth.