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.

The owner of Fox News Channel and the Fox broadcast network said net income attributable to the company came to $373 million, or 81 cents per share, compared with $109 million, or 23 cents per share in the year-ago period. Revenue, meanwhile, rose to $5.08 billion, an increase of $844 million, or 20% from $4.23 billion in the year-earlier period.

Fox Corp. CEO Lachlan Murdoch attributed the performance to “a compelling fall sports schedule combined with a record-breaking presidential election news cycle,” and said the company would continue to focus on a strategy that emphasized “live news and sports programming,” along with digital efforts such as the ad-supported Tubi streaming outlet.

Revenue in the company’s broadcasting operations rose $419 million, or 16%, to $2.96 billion, largely due to a 19% surge in ad revenue and a 9% increase in affiliate fees. Fox cited additional political advertising and stronger ratings for its post-season Major League Baseball telecasts, along with strong pricing for NFL ads.

Revenue at the company’s cable networks rose 31%, or $507 million, due to an increase of $112 million in advertising and a 4% hike in affiliate fees. Fox cited higher ratings for news and sports as factors.

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