Overview
- Revenue rose about 5% to $3.74 billion and adjusted EPS came in at $1.51, topping Wall Street estimates.
- Net income fell to roughly $609 million year over year as digital marketing, content spending and entertainment rights amortization increased costs.
- Advertising revenue grew around 6% led by Tubi, strong Fox News pricing and NFL programming, with Fox News posting its highest first‑quarter ad revenue.
- Tubi recorded its first profitable quarter, with management citing 27% revenue growth and an 18% gain in viewing time.
- Fox announced a $1.5 billion accelerated share repurchase beginning Oct. 31, with plans to buy both Class A and Class B shares, and said new subscription service Fox One has exceeded early adoption expectations.