21st Century Fox Q4 beats earnings estimates thanks to Race for the White House

The race for the White House fascinates the American people and helps the results of companies. Thanks to the Clinton-Trump challenge and election commercials, 21st Century Fox has exceeded analysts' expectations.

The media conglomerate posted revenues of $ 6.6 billion for the period ended June 30 (Q4), up 7 percent, and a surge in net income from $ 87 million in the year-May period to $ 567 million. Earnings per share were $ 0.30, up from $ 0.04 During the same time frame last year.

Rupert and Lachlan Murdoch, executive presidents of 21st Century Fox, commented underlining the strength of advertising revenues "in spite of the unfavorable winds against the currency front". According to them  “Our brands are an indispensable part of any consumer offering, whether from a traditional distributor or a new entrant like Hulu’s upcoming live and on-demand service, which will benefit greatly from Time Warner’s investment and participation,” the statement read, in part.

The two have given the "welcome the investment and participation (10%) in Hulu", the video streaming service which is a joint venture of Walt Disney, 21st Century Fox and Comcast.