Record Revenue Growth
Fox Corporation achieved a 20% increase in revenues, reaching just over $5 billion, driven by strong affiliate and advertising revenue growth.
EBITDA Surge
EBITDA more than doubled year-over-year to a second quarter record of $781 million, marking a 123% increase.
Strong Political and Sports Advertising
Advertising revenue grew by 21% due to record political revenue and strong sports event pricing, including the NFL postseason and Major League Baseball.
Tubi's Advertising Revenue Growth
Tubi experienced a 31% increase in ad revenues, contributing significantly to the overall advertising growth.
Fox News Audience and Advertising Growth
Fox News achieved a 40% increase in total day audience and 45% growth in PrimeTime audience, with advertising revenue growth supported by over 100 new national clients.
Television Segment Revenue Increase
The Television segment saw a 16% revenue growth, driven by a 19% increase in advertising revenues.
Reduced Digital Investment
Fox Corporation reported a $40 million reduction in digital investment, with better EBITDA at Tubi contributing half of this improvement.
Capital Return to Shareholders
Fox announced a 27% per share semiannual dividend and has returned approximately $7.9 billion to shareholders since its establishment.