Fox surpasses quarterly forecasts, amplifies stock buyback by $5 billion
Fox Corporation Reports Record Revenue and Profitability in Fiscal Year 2025
Fox Corporation has announced impressive financial results for its fiscal year 2025, marking a significant milestone in the company's growth. The media giant reported total revenues of $16.30 billion, a 17% increase from the previous year, and net income of $2.29 billion, up from $1.55 billion.
The strong performance was driven by a variety of factors, with advertising growth via the free ad-supported streaming service, Tubi, playing a key role. Tubi's expansion as a platform has fueled digital advertising revenue, contributing significantly to Fox's financial success.
In the fourth quarter alone, Fox reported revenues of $3.29 billion, a 6% rise year-over-year, and net income of $719 million, more than double the previous year's quarter. Adjusted EBITDA for the full year rose 26% to $3.62 billion, reflecting broad-based growth across business segments.
Tubi's growth has also bolstered Fox's reach into the ad-supported streaming sector, providing the company with a competitive edge in the rapidly evolving digital landscape.
Looking ahead, Fox is investing in its digital streaming portfolio. The company highlighted the continued digital growth of Tubi and plans to launch a new subscription-based streaming service called Fox One in fiscal 2026. This strategic move signals Fox's push into the subscription video-on-demand (SVOD) market alongside its AVOD offering.
The CEO expressed confidence in this digital growth strategy and the company's strong financial position to support these investments. Fox Corp also announced a $5 billion increase to its share repurchase authorization.
Fox's revenue from its cable network programming unit grew at a time when customers are shifting to digital streaming, demonstrating the company's ability to adapt to changing consumer habits. The company's revenue beat estimates of $3.12 billion, according to data compiled by LSEG.
In addition to Tubi's success, Fox benefited from improving advertising trends despite tough comparisons with major international sports events. Revenue from affiliate fees rose 2.6% in the fiscal fourth quarter, due to growth across both cable and television segments.
Fox Corporation also expanded its sports broadcasting presence in Mexico by acquiring sports-focused streaming platform and television channel Caliente TV in June.
With the launch of Fox One set for August 21 for $19.99 per month, Fox is poised to continue its digital growth strategy and diversify its streaming offerings. The company's strong financial performance and strategic investments position it well for future success in the dynamic media landscape.
- Fox Corporation's financial success in Fiscal Year 2025, driven by its ad-supported streaming service Tubi, indicates a promising overlap between finance, technology, and lifestyle, as the company navigates the rapidly evolving digital landscape.
- The upcoming launch of Fox One, a subscription-based streaming service, and Fox Corporation's investment in its digital streaming portfolio, highlights the intersection of finance and technology, reflecting the company's commitment to leveraging new trends in the lifestyle sector.
