Tubi was a bright spot for Fox Corp. during its second quarter, as digital growth at the AVOD service helped lift overall revenues, despite a profit drop.
Fox saw quarterly revenues rise 2 percent to $5.18 billion, lifted by advertising demand at its ad-supported streaming platform Tubi, NFL games and higher news and sports pricing.
Advertising revenue came to $2.45 billion, compared to a year-ago $2.42 billion, while distribution revenue rose to $2.02 billion due to contractual price increases, against $1.93 billion in the same period of 2024.
Fox also saw lower political advertising revenues and lower TV ratings during the second quarter, as overall TV segment revenues edged down to $2.93 billion, compared to $2.96 billion in the same period last year. And the cable network programming segment saw revenue climb to $2.27 billion, compared to $2.16 billion in 2024.
Second quarter net income for the period to Dec. 31, 2025 fell to $247 million, against a year-earlier $388 million.
Fox CEO Lachlan Murdoch said in a statement that accompanied his latest financial results: “Fox delivered robust results in the second quarter of fiscal 2026 with broad based contributions from across our portfolio, including notable strength in advertising, where despite strong political advertising revenues a year ago, we still grew total company advertising revenue. These results represent a continuation of the operating and financial momentum that we have delivered over the last several years and are a product of both a highly differentiated strategy and high quality execution that reflect the power of our leadership brands across news, sports, streaming and entertainment.”
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