Fox Corp. reported fiscal fourth-quarter revenue of $3.29 billion, a 6% year-on-year rise, as advertising sales climbed 7% to $1.1 billion on strong demand at its free streamer Tubi and at Fox News. Net income more than doubled to $719 million, while adjusted earnings reached $1.27 a share. The stock rose about 3% in pre-market trading. During the earnings call, Chief Executive Officer Lachlan Murdoch said the company will introduce a direct-to-consumer platform called Fox One on Aug. 21. The service will cost $19.99 a month, or $199.99 annually, and bundle live NFL and postseason MLB games with programming from Fox News, Fox Sports and other Fox brands. Linear subscribers will receive access at no extra charge. Murdoch emphasised that Fox One carries no original content and will launch with “modest” marketing spend and subscriber goals, positioning it chiefly for cord-cutters and cord-nevers. He reiterated Fox’s preference for the traditional pay-TV bundle, noting that two-thirds of Tubi viewers lack cable and that the ad-supported platform secured a quarter of Fox’s upfront commitments. Fox also increased its share-repurchase authorisation by $5 billion and raised its semi-annual dividend to 28 cents a share. Management said it has not identified large acquisitions that meet its return thresholds, citing a “high internal benchmark” for deploying capital.