Fox sees record political ad profits in Q1, stock rises

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Fox Corporation (FOX, FOXA) shares swung to a record high Monday morning after the company outperformed against Wall Street's fiscal first quarter estimates. The media giant experienced an 11% increase year-over-year in advertising revenue, with a surge in political advertising in the lead-up to tomorrow's US presidential election, further bolstered as the channel is hosting the Super Bowl.

Yahoo Finance's Madison Mills joins Brad Smith on Wealth to help break down the numbers.

To watch more expert insights and analysis on the latest market action, check out more Wealth here.

This post was written by Kevin Hall