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TUBI TURNS PASSION INTO PERFORMANCE AT IAB NEWFRONTMarch 24, 2026 2:00 PM
PR Newswire (US)

Announces New Interactive Ad Formats Including Scene Sense, Interactive Pause Ads and Connected ConversionsUnveils Strategic Partnerships with Amazon for Scaled Precision and Performance, and InMarket and Kochava for Outcome MeasurementAnnounces Exclusive Sports Culture Content with Creators Deestroying and Jesser; Plus Tubi Originals GAME ON and REMEMBER MEHighlights Recent Announcements with Apple TV, TikTok and Nielsen and the Upcoming FIFA World CupTM FOX Hub on TubiNEW YORK, March 24, 2026 /PRNewswire/ -- Tubi (www.tubitv.com), Fox Corporation's (NASDAQ: FOXA, FOX) free streaming service, today made a series of product, partnership and Original programming announcements during 'Tubitopia: An Advertiser's Paradise,' at IAB NewFronts in New York, hosted by Tiffany Haddish. Tubi leads free on-demand streaming by turning fandom into strong performance for advertisers, with full-funnel measurement and outcomes tied to business results. With over 100 million monthly active users streaming a billion hours a month, Tubi offers premium original content, creator-led stories and innovative ad products for brands seeking young and incremental audiences. "The future of entertainment is built on fan passion. As the second largest Free AVOD platform and the growing home for Gen Z, Tubi is the only streamer built from the ground up to turn passion into performance for advertisers," said Anjali Sud, CEO of Tubi. "With massive scale, original and exclusive programming on the pulse of culture, and industry-leading investments in ad tech, precision and measurement, we are helping advertisers achieve greater reach, relevance and efficiency at a time when they need it most."Tubi continues to expand ad tech investments, formats and partnerships to drive stronger advertiser outcomes. In addition, Tubi continues to invest in Gen Z–focused and sports culture original programming, creating new opportunities for brands to align with highly engaged audiences. With 100% addressable inventory, 95% on-demand viewing and more time spent viewing than broadcast and cable, Tubi uniquely helps brands engage fans and drive action.NEW INTERACTIVE AD FORMATS:Scene Sense: A new ad format that enhances the pause moment with an interactive overlay that surfaces relevant details about what a viewer is watching including casting, soundtrack, trivia, and more. Expanding on Tubi moments, our contextual targeting solution, Scene Sense uses scene-level signals, such as visual cues, tone, and sentiment, enabling brands to deliver timely and relevant display messaging that aligns with what's on screen when viewers pause content.Interactive Pause Ads: Tubi is expanding its Pause Ad experience with new engagement options, including carousels, trivia and polls. These formats allow brands to showcase multiple messages or products and encourage interaction while content is paused.Connected Conversions: A new product that connects CTV-to-mobile journeys to enable viewers to discover products and brands on their TV, then further engage with them or make purchases on mobile devices through push notifications, emails, or QR codes.STRATEGIC PARTNERSHIPS:Precision & Performance: Tubi is expanding its partnership with Amazon DSP to help advertisers extend reach across streaming TV supply. Tubi is one of the largest reach publishers on Amazon DSP as 10% of Tubi's audience is unique and incremental across Amazon's open internet streaming TV supply. Advertisers can now access an exclusive package, Tubi Priority Access, offering first-look access to this audience through Amazon DSP. Powered by Authenticated Graph technology exclusive to Amazon Ads, which recognizes 85% of Tubi supply against an Amazon user, advertisers can confidently reach verified and relevant audiences with highly addressable messaging to unlock incremental reach you won't find anywhere else.Outcome Measurement: Through its partnerships, Tubi supports advertisers who want to measure real-world outcomes with InMarket and Kochava. InMarket allows brands to directly measure sales performance, demonstrating how advertising on Tubi drives sales for Restaurant, Retail and CPG advertisers. Expanding Tubi's partnership with Kochava, Tubi's Studio advertisers can now measure the actual ticket sales and conversion activity for their campaigns through Fandango, connecting Tubi ad exposure to tangible box office performance outcomes, beyond basic delivery metrics.EXCLUSIVE SPORTS CULTURE PROGRAMMINGAltcast with Apple TV × Formula 1®: For the first time ever, Tubi is working with Apple TV to offer exclusive live F1 altcasts for multiple races during the 2026 Formula 1 season — available for free and across every device in the U.S. The altcasts will feature top creators who are experts on the sport to provide sharp race insight paired with entertaining commentary. This programming is designed to expand F1's appeal and broaden access for new, younger, and more digitally native audiences. The supported races with live F1 altcasts will be announced at a later date.Deestroying: Original content from popular creator Deestroying that blends sports, competition, and creator-driven storytelling, capturing the energy of digital-first fandom and the crossover between athletes, creators, and culture.JESSER'S ULTIMATE KICKOFF: Original programming from top creator Jesser and friends as they take on fun and crazy soccer challenges ranging from scoring goals, jumping in mystery pools, winning prizes, and competing against increasingly more difficult defenders!NEW TUBI ORIGINALS FOR GEN Z COMING SOONGAME ON: Talented gamer, Casey, is ready to win her high school's first esports tournament. But when she discovers her online arch-nemesis is Theo, the charming new kid she's starting to crush on, Casey decides to stay undercover and use their budding romance to study his moves in video game Eon Rush and take him down from the inside. With her supportive dad reminding her who she is beyond the headset, Casey's carefully calculated plan begins to unravel as fake feelings turn real. GAME ON begins production this month with Sky Katz (Surviving Summer) and Case Walker (The Other Two) in the leading roles alongside renowned voice actor Nolan North (Uncharted, Assassin's Creed series).REMEMBER ME: In this YA supernatural murder-mystery, Shari Cooper is dead. Like, fell from the top of a high-rise to the street below, dead. And one of her friends — is her killer. Now she has to solve her own murder from beyond the grave, before the relentless, soul-sucking Shadow that's stalking her gets to her first. REMEMBER ME recently wrapped production and stars Brec Bassinger (Final Destination Bloodlines) and Charlie Gillespie (Sidelined 2: Intercepted) in the leading roles.Tubi continues to demonstrate the power of fan-driven storytelling, featuring the world's largest collection of movies and TV shows, thousands of creator-led stories, and hundreds of Tubi Originals. The SIDELINED franchise has reached over 20 million viewers, alongside strong premieres for HOW TO LOSE A POPULARITY CONTEST, KISSING IS THE EASY PART, sports culture titles DESTINATION WORLD CUP 2026, GOOD TROUBLE WITH NICK KYRGIOS, THE MOMENT and GONZAGA. Sleeper hit by TikTik creator Kelon Campbell TERRI JOE: MISSIONARY IN MIAMI continues to achieve rave reviews, while upcoming titles including SUMMER'S LAST RESORT starring Sophia Bush, Jerry O'Connell and Violet McGraw, BUZZKILL with Siena Agudong and Brec Bassinger, HIVE with Sochi Gomez and R.L. STINE'S PUMPKINHEAD 2 gives fans even more to come back for. In the last year, 17 Tubi Original films have charted in Variety's weekly top 10 original stream films, per Luminate.Together, today's announcements build upon Tubi's continued momentum as a platform where premium content, culture, and innovation converge. Earlier this year the platform announced it will launch a FIFA World CupTM FOX Hub and simulcast two matches. Additionally, Tubi partnered with TikTok on a Creatorverse Incubator, deepened measurement through Nielsen's Audience Measurement and Streaming Platform Ratings, and released The Stream 2026: When Intention Becomes Attention, its annual cultural insights report examining how streaming entertainment is influencing consumer behavior.About Tubi
Boldly built for fandom, Tubi is a free on demand streaming service that entertains over 100 million monthly active users. Tubi offers the world's largest collection of Hollywood movies and TV shows, thousands of creator-led stories and hundreds of Tubi Originals made for the most passionate fans. Headquartered in San Francisco and founded in 2014, Tubi is part of Tubi Media Group, a division of Fox Corporation.

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Original: TUBI TURNS PASSION INTO PERFORMANCE AT IAB NEWFRONT

FOX REPORTS SECOND QUARTER FISCAL 2026 REVENUES OF $5.18 BILLION, NET INCOME OF $247 MILLION, AND ADJUSTED EBITDA OF $692 MILLIONFebruary 4, 2026 8:00 AM
PR Newswire (US)

NEW YORK, Feb. 4, 2026 /PRNewswire/ -- Fox Corporation (Nasdaq: FOXA, FOX; "FOX" or the "Company") today reported financial results for the three months ended December 31, 2025.The Company reported total quarterly revenues of $5.18 billion, an increase of $104 million or 2% from the amount reported in the prior year quarter. Distribution revenues increased 4%, primarily driven by 5% growth at the Cable Network Programming segment. Advertising revenues increased 1%, primarily due to higher sports and news pricing, continued digital growth led by the Tubi AVOD service, and the impact of additional MLB postseason games, partially offset by lower political advertising revenues and lower ratings. Content and other revenues were essentially unchanged from the prior year quarter.The Company reported quarterly net income of $247 million as compared to the $388 million reported in the prior year quarter. Net income attributable to Fox Corporation stockholders was $229 million ($0.52 per share) as compared to the $373 million ($0.81 per share) reported in the prior year quarter. Adjusted net income attributable to Fox Corporation stockholders1 was $360 million ($0.82 per share) as compared to the $442 million ($0.96 per share) reported in the prior year quarter.Quarterly Adjusted EBITDA2 was $692 million as compared to $781 million reported in the prior year quarter as the revenue increase noted above was more than offset by higher expenses. The increase in expenses was primarily due to higher sports programming rights amortization and production costs, and higher digital marketing costs, partially offset by lower entertainment programming rights amortization and production costs.Commenting on the results, Executive Chair and Chief Executive Officer Lachlan Murdoch said:"FOX delivered robust results in the second quarter of fiscal 2026 with broad based contributions from across our portfolio, including notable strength in advertising, where despite strong political advertising revenues a year ago, we still grew total company advertising revenue. These results represent a continuation of the operating and financial momentum that we have delivered over the last several years and are a product of both a highly differentiated strategy and high quality execution that reflect the power of our leadership brands across news, sports, streaming and entertainment."REVIEW OF OPERATING RESULTS

Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024
$ MillionsRevenues by Component:

Distribution3$     2,002
$     1,933
$     3,917
$     3,801Advertising2,455
2,422
3,867
3,751Content and other725
723
1,136
1,090Total revenues$     5,182
$     5,078
$     8,920
$     8,642

Segment Revenues:

Cable Network Programming$     2,275
$     2,165
$     3,937
$     3,762Television2,937
2,961
4,987
4,914Corporate and Other124
58
213
123Eliminations(154)
(106)
(217)
(157)Total revenues$     5,182
$     5,078
$     8,920
$     8,642

Adjusted EBITDA:

Cable Network Programming$        687
$        657
$     1,487
$     1,405Television143
205
542
577Corporate and Other(138)
(81)
(272)
(153)Adjusted EBITDA4$        692
$        781
$     1,757
$     1,829

Depreciation and amortization:

Cable Network Programming$          27
$          25
$          53
$          45Television30
30
60
59Corporate and Other43
42
85
84Total depreciation and amortization$        100
$          97
$        198
$        188 CABLE NETWORK PROGRAMMING

Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024
$ MillionsRevenues

Distribution$     1,163
$     1,109
$     2,253
$     2,171Advertising491
460
836
781Content and other621
596
848
810Total revenues2,275
2,165
3,937
3,762Operating expenses(1,426)
(1,354)
(2,129)
(2,056)Selling, general and administrative(162)
(158)
(321)
(309)Amortization of cable distribution investments—
4
—
8Segment EBITDA$        687
$        657
$     1,487
$     1,405Cable Network Programming reported quarterly segment revenues of $2.28 billion, an increase of $110 million or 5% from the amount reported in the prior year quarter. Distribution revenues increased $54 million or 5% as contractual price increases were partially offset by the impact of net subscriber declines. Advertising revenues increased $31 million or 7%, primarily due to higher news and sports pricing, partially offset by lower ratings. Content and other revenues increased $25 million or 4%, primarily due to higher sports sublicensing revenues.Cable Network Programming reported quarterly segment EBITDA of $687 million, an increase of $30 million or 5% from the amount reported in the prior year quarter, primarily due to the revenue increase noted above, partially offset by higher expenses. The increase in expenses was driven by higher sports programming rights amortization and production costs, partially offset by lower newsgathering costs.TELEVISION

Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024
$ MillionsRevenues

Advertising$     1,964
$     1,962
$     3,031
$     2,970Distribution831
824
1,652
1,630Content and other142
175
304
314Total revenues2,937
2,961
4,987
4,914Operating expenses(2,521)
(2,499)
(3,906)
(3,832)Selling, general and administrative(273)
(257)
(539)
(505)Segment EBITDA$        143
$        205
$        542
$        577Television reported quarterly segment revenues of $2.94 billion as compared to the $2.96 billion reported in the prior year quarter. Advertising revenues were essentially unchanged from the prior year quarter as continued digital growth led by the Tubi AVOD service, the impact of additional MLB postseason games, and higher sports pricing were offset by lower political advertising revenues and lower ratings. Distribution revenues increased $7 million or 1%, driven by higher average rates at the Company's owned and operated television stations and increases in fees from third-party FOX affiliates. Content and other revenues were $142 million as compared to the $175 million reported in the prior year quarter, primarily due to lower entertainment content and other revenues which were impacted by the timing of deliveries.Television reported quarterly segment EBITDA of $143 million as compared to the $205 million reported in the prior year quarter, primarily due to higher expenses. The increase in expenses was led by higher sports programming rights amortization and production costs and higher digital content costs, partially offset by lower entertainment programming rights amortization and production costs.DIVIDENDThe Company has declared a dividend of $0.28 per Class A and Class B share. This dividend is payable on March 25, 2026 with a record date for determining dividend entitlements of March 4, 2026.SHARE REPURCHASE PROGRAMAs of December 31, 2025, the Company has cumulatively repurchased approximately $6.6 billion of its Class A common stock and approximately $1.8 billion of its Class B common stock, with a remaining authorization of $3.6 billion. During the quarter, the Company repurchased approximately $750 million of its Class A common stock and $800 million of its Class B Common stock.CAUTIONARY STATEMENT CONCERNING FORWARD-LOOKING STATEMENTSThis press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "may," "will," "should," "likely," "anticipates," "expects," "intends," "plans," "projects," "believes," "estimates," "outlook" and similar expressions are used to identify these forward-looking statements. These statements are based on management's current expectations and beliefs and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements in this press release due to changes in economic, business, competitive, technological, strategic and/or regulatory factors and other factors affecting the operation of the Company's businesses. More detailed information about these factors is contained in the documents the Company has filed with or furnished to the Securities and Exchange Commission, including the Company's Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.Statements in this press release speak only as of the date they were made, and the Company undertakes no duty to update or release any revisions to any forward-looking statement made in this press release or to report any events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events or to conform such statements to actual results or changes in the Company's expectations, except as required by law.To access a copy of this press release through the Internet, access Fox Corporation's corporate website located at http://www.foxcorporation.com.CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024
$ Millions, except per share amounts

Revenues$     5,182
$     5,078
$     8,920
$     8,642

Operating expenses(3,895)
(3,776)
(5,979)
(5,794)Selling, general and administrative(595)
(525)
(1,184)
(1,027)Depreciation and amortization(100)
(97)
(198)
(188)Restructuring, impairment and other corporate matters(14)
(170)
(6)
(196)Equity earnings of affiliates3
4
2
7Interest expense, net(98)
(80)
(148)
(130)Non-operating other, net(161)
81
(286)
314Income before income tax expense322
515
1,121
1,628Income tax expense(75)
(127)
(265)
(408)Net income247
388
856
1,220Less: Net income attributable to noncontrolling interests(18)
(15)
(28)
(20)Net income attributable to Fox Corporation stockholders$        229
$        373
$        828
$     1,200

Weighted average shares:441
462
448
463

Net income attributable to Fox Corporation stockholders
per share:$       0.52
$       0.81
$       1.85
$       2.59 CONSOLIDATED BALANCE SHEETS

December 31,
2025
June 30,
2025
$ MillionsAssets:

Current assets:

Cash and cash equivalents$            2,017
$            5,351Receivables, net3,557
2,472Inventories, net828
432Other324
174Total current assets6,726
8,429

Non-current assets:

Property, plant and equipment, net1,739
1,705Intangible assets, net2,951
2,969Goodwill3,638
3,639Deferred tax assets2,621
2,721Other non-current assets3,796
3,732Total assets$         21,471
$         23,195

Liabilities and Equity:

Current liabilities:

Accounts payable, accrued expenses and other current liabilities$            2,416
$            2,897Total current liabilities2,416
2,897

Non-current liabilities:

Borrowings6,604
6,602Other liabilities1,329
1,341Redeemable noncontrolling interests84
288Commitments and contingencies

Equity:

Class A common stock, $0.01 par value2
2Class B common stock, $0.01 par value2
2Additional paid-in capital7,264
7,603Retained earnings3,783
4,479Accumulated other comprehensive loss(123)
(124)Total Fox Corporation stockholders' equity10,928
11,962Noncontrolling interests110
105Total equity11,038
12,067Total liabilities and equity$         21,471
$         23,195 CONSOLIDATED STATEMENTS OF CASH FLOWS

Six Months Ended
December 31,
2025
2024
$ MillionsOPERATING ACTIVITIES:

Net income$           856
$       1,220Adjustments to reconcile net income to net cash used in operating activities

Depreciation and amortization198
188Restructuring, impairment and other corporate matters6
196Equity-based compensation60
68Equity earnings of affiliates(2)
(7)Cash distributions received from affiliates—
13Non-operating other, net286
(314)Deferred income taxes100
145Change in operating assets and liabilities, net of acquisitions and dispositions

Receivables and other assets(1,173)
(1,190)Inventories net of programming payable(937)
(431)Accounts payable and accrued expenses(92)
(75)Other changes, net(101)
(17)Net cash used in operating activities(799)
(204)

INVESTING ACTIVITIES:

Property, plant and equipment(226)
(138)Purchase of investments(143)
(79)Other investing activities, net(24)
(23)Net cash used in investing activities(393)
(240)

FINANCING ACTIVITIES:

Repurchase of shares(1,800)
(500)Dividends paid and distributions(147)
(134)Purchase of noncontrolling interest(208)
—Other financing activities, net13
81Net cash used in financing activities(2,142)
(553)

Net decrease in cash and cash equivalents(3,334)
(997)Cash and cash equivalents, beginning of year5,351
4,319Cash and cash equivalents, end of period$       2,017
$       3,322NOTE 1 – ADJUSTED NET INCOME AND ADJUSTED EPSThe Company uses net income attributable to Fox Corporation stockholders and earnings per share ("EPS") attributable to Fox Corporation stockholders excluding net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity earnings (losses) of affiliates, Non-operating other, net, Tax provision and Noncontrolling interest adjustments ("Adjusted Net Income" and "Adjusted EPS" respectively) to evaluate the performance of the Company's operations exclusive of certain items that impact the comparability of results from period to period.Adjusted Net Income and Adjusted EPS may not be comparable to similarly titled measures reported by other companies. Adjusted Net Income and Adjusted EPS are not measures of performance under GAAP and should be considered in addition to, and not as substitutes for, net income attributable to Fox Corporation stockholders and EPS as reported in accordance with GAAP. However, management uses these measures in comparing the Company's historical performance and believes that they provide meaningful and comparable information to management, investors and equity analysts to assist in their analysis of the Company's performance relative to prior periods and the Company's competitors.The following table reconciles net income attributable to Fox Corporation stockholders and EPS attributable to Fox Corporation stockholders to Adjusted Net Income and Adjusted EPS for the three months ended December 31, 2025 and 2024:
Three Months Ended
December 31, 2025
December 31, 2024
Income
EPS
Income
EPS
$ Millions, except per share dataNet income attributable to Fox Corporation stockholders$        229
$       0.52
$        373
$       0.81

Restructuring, impairment and other corporate matters14
0.03
170
0.37

Non-operating other, net161
0.37
(81)
(0.18)

Tax provision(44)
(0.10)
(20)
(0.04)

As adjusted$        360
$       0.82
$        442
$       0.96

NOTE 2 – ADJUSTED EBITDAAdjusted EBITDA is defined as Revenues less Operating expenses and Selling, general and administrative expenses. Adjusted EBITDA does not include: Depreciation and amortization, Restructuring, impairment and other corporate matters, Equity earnings (losses) of affiliates, Interest expense, net, Non-operating other, net and Income tax expense. Effective July 1, 2025, the Company no longer removes the impact of amortization of cable distribution investments when calculating Adjusted EBITDA. Prior periods were not restated as the impact of the change is immaterial to the calculation.Management believes that information about Adjusted EBITDA assists all users of the Company's Unaudited Consolidated Financial Statements by allowing them to evaluate changes in the operating results of the Company's portfolio of businesses separate from non-operational factors that affect Net income, thus providing insight into both operations and the other factors that affect reported results. Adjusted EBITDA provides management, investors and equity analysts a measure to analyze the operating performance of the Company's business and its enterprise value against historical data and competitors' data, although historical results, including Adjusted EBITDA, may not be indicative of future results (as operating performance is highly contingent on many factors, including customer tastes and preferences).Adjusted EBITDA is considered a non-GAAP financial measure and should be considered in addition to, not as a substitute for, net income, cash flow and other measures of financial performance reported in accordance with GAAP. In addition, this measure does not reflect cash available to fund requirements and excludes items, such as depreciation and amortization and impairment charges, which are significant components in assessing the Company's financial performance. Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.The following table reconciles net income to Adjusted EBITDA for the three and six months ended December 31, 2025 and 2024:
Three Months Ended
December 31,
Six Months Ended
December 31,
2025
2024
2025
2024
$ MillionsNet income$        247
$        388
$        856
$     1,220Add:

Amortization of cable distribution investments—
4
—
8Depreciation and amortization100
97
198
188Restructuring, impairment and other corporate matters14
170
6
196Equity earnings of affiliates(3)
(4)
(2)
(7)Interest expense, net98
80
148
130Non-operating other, net161
(81)
286
(314)Income tax expense75
127
265
408Adjusted EBITDA$        692
$        781
$     1,757
$     1,829 ________________________________________________________1Excludes net income effects of Restructuring, impairment and other corporate matters, adjustments to Equity earnings (losses) of affiliates, Non-operating other, net, Tax provision and Noncontrolling interest adjustments. See Note 1 for a description of adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders, which are considered non-GAAP financial measures, and a reconciliation of reported net income attributable to Fox Corporation stockholders and earnings per share attributable to Fox Corporation stockholders to adjusted net income attributable to Fox Corporation stockholders and adjusted earnings per share attributable to Fox Corporation stockholders.2Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.3The Company generates distribution revenue from agreements with MVPDs for cable network programming and retransmission fees for the broadcast of the Company's owned and operated television stations and from subscription fees for the Company's direct-to-consumer streaming services. In addition, the Company generates distribution revenue from agreements with independently owned television stations that are affiliated with the FOX Network. Prior period amounts have been reclassified to conform to the current presentation.4Adjusted EBITDA is considered a non-GAAP financial measure. See Note 2 for a description of Adjusted EBITDA and a reconciliation of net income to Adjusted EBITDA.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fox-reports-second-quarter-fiscal-2026-revenues-of-5-18-billion-net-income-of-247-million-and-adjusted-ebitda-of-692-million-302678935.htmlSOURCE Fox Corporation

Original: FOX REPORTS SECOND QUARTER FISCAL 2026 REVENUES OF $5.18 BILLION, NET INCOME OF $247 MILLION, AND ADJUSTED EBITDA OF $692 MILLION