Future InvestmentsThe negative share reaction immediately following earnings is largely due to FY26 management commentary, particularly digital investment of $350 million, an unexpected increase.
Market DependenciesCaution is advised due to very challenging comparisons such as the Super Bowl and political events, as well as dependencies on Fox Broadcast's NFL and Fox News' pay TV bundle.
Profitability ConcernsUncertainty exists regarding Tubi's path to profitability.