Tubi, Fox News Ratings Driving Fox Corp. Growth
Advertising and affiliate revenue growth led to an overall 7% year-over-year revenue jump at Fox Corp. to $3.46 billion, it announced Tuesday in its latest quarterly results. CEO Lachlan Murdoch said in a call with analysts cable advertising was up…
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20%, driven by Fox News' increased ratings, while streaming service Tubi drove a 6% TV ad growth. He said the subscription base for the Fox Nation streaming service had more than tripled over the past 18 months and retention rates were above industry averages.