Strong results from its free ad-supported streaming channel, Tubi, and that of its Fox News Channel, Fox Corp. witnessed 7% higher advertising to $1.1 billion during its fourth quarter earnings
period.
Fox Corp. also announced the launch of its major streaming platform “Fox One” -- a wide, diverse programming entertainment, sports and news service -- on August 21 for
$19.99 a month.
For its fourth quarter reporting period, Fox grew overall revenues by 6% ($195 million) to $3.3 billion.
Combined revenue (advertising and affiliate) for its Fox
Television Network/TV-owned stations was up 6% to $1.7 billion; cable networks grew 7% to $1.5 billion.
Fox made smaller gains from overall TV station and cable TV network affiliate fees -- 3%
more to $1.9 billion.
Bucking many weak TV network advertising industry trends, cable advertising revenue rose 15% ($50 million) to $378 million from news programming and digital
platforms.
Tubi pushed up its television unit ad revenue take -- 3% more ($21 million) to $700 million.
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For its full 12-month period fiscal 2025 year, ad revenues were up 28% to $1.2
billion mostly due to the airings of “Super Bowl LIX” and higher digital growth from Tubi.
Fox’s new streamer programming, Fox One, will include all Fox Corp. brands
including Fox Television Network, Fox TV stations and cable networks including Fox News Channel, and Fox Business Network, as well as sports networks -- FOX Sports, FS1, FS2, and Fox Deportes.
Subscribers can bundle Fox One and its existing streaming service, Fox Nation for $24.99 per month -- or $19.99 per month when purchasing the annual plan at launch.
Unlike perhaps other
legacy TV network-owned media companies, Fox executives have initially portrayed its streaming platform more as a supplemental platform to that of its main linear broadcast/cable TV businesses.
At the same time, it recognizes there is continuing "cord cutting" of linear TV networks/services but wants to provide a growing number of consumers with other options.