Fox ad revenue doubles thanks to World Cup, despite 3% profit drop

Fox reported Q2 earnings boosted by World Cup broadcasting rights, with ad sales jumping 108% year-on-year. The company posted adjusted EPS of $1.79 on $4.2 billion in revenue, comfortably beating Wall Street forecasts of $1.34 EPS and $3.6 billion in revenue. Despite the strong ad performance, overall profit fell 3%.