
Fox Corporation has reported a strong financial performance for its first fiscal quarter of 2025, with net income reaching $832 million and revenue totaling $3.56 billion. The results were driven by increased viewership and advertising revenue, particularly from political advertising and sports programming, including a successful 'Summer of Soccer.' The company's EBITDA margin for its cable networks was 46.8%, while its overall TV business, impacted by its streaming service Tubi, saw a margin of 19%. Additionally, Fox has sold out its Super Bowl LIX ad inventory at record prices, with 30-second commercials reportedly going for over $7 million, which is expected to generate more than $600 million in advertising revenue from the event. CEO Lachlan Murdoch highlighted the significance of political advertising in contributing to the company's robust sales and profit growth. The strong performance has positively influenced Fox's stock, which has seen an uptick following the announcement of these results.
New pod with @benjstrauss. * Potential political shifts at ESPN and FS1. * Fox Sports’ winning streaming strategy. * Locker room access. * The Athletic is profitable. https://t.co/Kkv47Ef0gU
$FOX Q1 FY25 conference call: "Based on the current revenue run rate, we are looking for Tubi to cross the $1 billion revenue mark this fiscal year." https://t.co/Whc2IZaYN6
During his 16 years at CBS, Mike Aresco didn't just watch the NCAA Tournament Selection Show—he was behind the scenes creating the TV schedule ✍️ Read more from @Bretjust1T ⬇️ https://t.co/0IR76o8fIT



