The X Factor's first American edition won't be its last, Fox has confirmed.

The network has announced it has renewed the Simon Cowell-created reality singing competition for a second season.

"I am absolutely thrilled with the news," Cowell said. "I have loved making the show and I want to thank Fox, our sponsors and most importantly, the fans for supporting The X Factor."

"The X Factor is a monumental success," Fox reality chief Mike Darnell added. "It's won every night it's been on the air, the talent is phenomenal, the live shows are spectacular and picking it up is a complete no-brainer. Simon and his team have done an incredible job with the show, and I'm absolutely thrilled to bring back The X Factor for another fantastic season."

While Fox's first edition of The X Factor -- which has aired in the U.K. since 2004 -- has failed to live up to Cowell's lofty 20 million viewers ratings goal since it debuted in September, it has nonetheless emerged as one of the highest-rated new TV series of the fall.

In addition to averaging more than 13 million viewers, The X Factor has significantly improved Fox's year-over-year time period performance on Wednesday and Thursday nights among total viewers by 78% and 38%, respectively, and among Adults 18-49 ratings demographic by 37% and 41%

As a result, Fox is currently ranked No. 1 among Adults 18-49 on Thursday nights for the first time in the network's history.