Record-Breaking Advertising Revenue
Total company advertising revenue grew 65% in the quarter, driven by the Super Bowl which generated over $800 million of gross advertising revenue, marking a record for Fox's national broadcast network and local TV stations.
Highest Free Cash Flow in Fox's History
The third quarter reflected the highest free cash flow in Fox's history, over $1.9 billion, driven by strong working capital cycle and sports rights payments.
Fox News Channel Leadership
Fox News Channel finished the quarter as the most watched cable network and was the second most watched network in Monday through Friday prime, surpassing all but one broadcast network.
Tubi's Rapid Growth
Tubi delivered a 35% year-on-year revenue growth with a significant increase in total viewing time by 18%, further establishing itself as a leading streaming platform.
Continued Affiliate Revenue Growth
Affiliate revenues had a notable quarter with total revenue growth of 3% due to higher rates and improved subscriber declines for the third consecutive quarter.