Media giant Fox Corporation (FOX) on Monday reported fiscal third-quarter results that came in better than analysts had expected.

Fox reported adjusted earnings per share of $1.10 on revenue that jumped 27% year-over-year to $4.37 billion. Analysts surveyed by Visib꧅le Alpha had projected $0.93 and ﷽$4.19 billion, respectively.

Advertising revenue soared 65%, which the company said was due to Super Bowl LIX advertising and "continued digital growth led by the Tubi [ad-based video on demand] service, and stronger news ratings and pricing."

The company said in February that Super Bowl ads generated over $800 million in gross revenue. The game, which saw the Philadelphia Eagles defeat the Kansas City Chiefs 40-22, had "a record-setting average audience of 127.7 million viewers" and peaked at 137.7 million viewers in the second quarter.

Fox shares, which entered the day up about 2% since the start of the year, were up nearly 5% shortly after markets opened. Shares were rising before the results amid a broader market rally on news that 澳洲幸运5官方开奖结果体彩网:the U.S. and China have agreed to a 90-day period of lowered tariffs.

UPDATE—This article has been updated with the latest share price information.