Fox Corp's quarterly revenue rose 28% to $4.21 billion, largely driven by the FIFA Men's World Cup held in North America. Advertising revenue jumped 78% to $1.92 billion, fueled by strong viewership across Fox's broadcast, pay TV, and streaming platforms, including its free ad-supported service Tubi. The World Cup also helped grow Fox One, the company's subscription streaming service, with new customers and high retention rates. CEO Lachlan Murdoch highlighted record financial performance and minimal pay TV subscriber losses, while Fox plans to expand its advertising reach through its proposed Roku acquisition.
UBS downgraded Fox Corporation's stock to Neutral amid rising competition from Newsmax, which recently posted its first profitable quarter and secured an AI content partnership with Meta. Despite Fox's higher cable affiliate fees and larger market pr...
Gracenote, Nielsen's content intelligence unit, has signed a new agreement with Tubi Media Group, part of Fox Corp, to provide advanced content discovery and advertising tools for Tubi and FOX One streaming services. This partnership will improve con...
