Advertising RevenueAdvertising revenue was up 21% helped by political spend, higher MLB postseason ratings and NFL pricing, continued Tubi momentum, and strong news ratings and pricing.
Financial PerformanceFox reported revenue, adj. EBITDA, and adj. EPS all above consensus expectations.
Strategic PositioningFox's strategy to leverage its leading sports/news brands and networks while investing in growth areas like streaming (Tubi) and sports betting has been paying off in equity appreciation.