Record EBITDA and Revenue Growth
Fox reported a 123% increase in EBITDA to $781 million and a 20% increase in revenues to over $5 billion, marking a record fiscal second quarter for the company.
Strong Advertising and Affiliate Revenue
Advertising revenue grew by 21%, driven by political ad spend and strong sports ratings. Affiliate fee revenues grew by 6%, with all fiscal 2025 renewals completed.
Tubi's Impressive Performance
Tubi achieved a 31% increase in ad revenues and continues to contribute to overall advertising growth. A Super Bowl live stream on Tubi is expected to enhance viewer engagement.
Fox News and Sports Ratings Surge
Fox News saw a 40% increase in total day audience and a 45% increase in PrimeTime audience. FOX News Channel ended the quarter as the most-watched cable network, achieving record audience shares.
Successful Share Buyback and Dividend Increase
Fox repurchased $550 million in shares and announced a 27% increase in its semiannual dividend.