Key Points:
- Fox posted $3.29 billion in fiscal Q4 revenue, driven primarily by higher ad uptake against Tubi.
- Fiscal 2025 revenue reached $16.3 billion, up 17% from the prior year; ad revenue increased 26%.
- Television revenue rose 18%for the year to $9.33 billion.
Fox Corporation capped off its fiscal year with a stronger-than-expected fiscal fourth quarter (Q4, coincides with calendar Q2), posting six percent revenue growth and solidifying a year marked by digital momentum and advertising strength across its media portfolio.
For the three months ended June 30, 2025, Fox reported revenue of $3.29 billion, up from $3.09 billion in the year-ago quarter, driven primarily by healthier advertising buys across its ad-supported streaming service Tubi and an increase in affiliate fee revenue from its broadcast and cable networks.
Advertising revenue climbed seven percent year over year to $1.08 billion, while affiliate fee revenue rose three percent to $1.91 billion.
“The growth in Q4 reflects our ability to execute against a focused strategy, especially in digital and news,” said Fox CEO Lachlan Murdoch said in a statement on Tuesday. “We continue to see upside in Tubi and our broader digital assets.”
Fox’s broadcast TV division earned $1.71 billion in revenue during Q4, fueled primarily by a healthy mix of advertising and cable TV distribution fees. Cable television segment revenue was $1.53 billion on account of a 15 percent increase in advertising and higher cable and satellite distribution fees.
For the full fiscal year, Fox reported $16.3 billion in revenue, a 17 percent increase over the previous year. Advertising revenue surged 26 percent to $6.87 billion, powered by Super Bowl LIX in February, political advertising and digital video. Affiliate fees totaled $7.66 billion, up five percent. Other revenue sources grew 47 percent year over year to $1.78 billion.
Television led full-year growth with $9.33 billion in segment revenue, an 18 percent increase, while Cable Network Programming posted $6.93 billion, up 16 percent. Adjusted EBITDA for the year rose 26 percent to $3.62 billion.
Looking ahead, Murdoch said the company is entering fiscal 2026 “with solid operational and financial momentum,” pointing to the upcoming launch of Fox One and continued investment in streaming and digital platforms. The company also increased its share repurchase authorization by $5 billion and raised its semi-annual dividend to $0.28 per share.
Separately, Fox revealed its all-in-one streaming platform, Fox One, will launch later this month at $20 per month or $200 per year. The service will deliver the company’s broadcast and cable networks — including Fox News and FS1 — over the Internet without a traditional cable bundle.
