Lachlan Murdoch Michael Cohen/Getty Images Share on Facebook Share on X Google Preferred Share to Flipboard Show additional share options Share on LinkedIn Share on Pinterest Share on Reddit Share on Tumblr Share on Whats App Send an Email Print the Article Post a Comment Tubi was a bright spot for Fox Corp. during its second quarter, as digital growth at the AVOD service helped lift overall revenues, despite a profit drop. Fox saw quarterly revenues rise 2 percent to $5.18 billion, lifted by advertising demand at its ad-supported streaming platform Tubi, NFL games and higher news and sports pricing. Second quarter net income for the period to Dec. 31, 2025 fell to $247 million, against a year-earlier $388 million. Advertising revenue came to $2.45 billion, compared to a year-ago $2.42 billion, while distribution revenue rose to $2.02 billion due to contractual price increases, against $1.93 billion in the same period of 2024. Related Stories Business Fox Sports Invests in Tom Brady's Entertainment and Marketing Studio Shadow Lion (Exclusive) Business Red Seat Ventures Hires Rena Ayer as Senior VP of Content & Talent Partnerships Fox also saw lower political advertising revenues and lower TV ratings during the second quarter, as overall TV segment revenues edged down to $2.93 billion, compared to $2.96 billion in the same period last year. And the cable network programming segment saw revenue climb to $2.27 billion, compared to $2.16 billion in 2024. Fox CEO Lachlan Murdoch during a morning analyst call said demand for cable networks advertising, especially for the Fox News channel, was "incredibly robust." He added Fox anticipated a "robust" political advertising demand headed into the mid-term elections later this year. "Fox News is not only the number one news source for Republicans and conservatives, but it also has more Democrats and more independents watching Fox News than watching our competitors," Murdoch added. On the sports side, Murdoch balked at speculating as the NFL begins renegotiating its media rights deals "It's obviously tremendous, tremendous content for us, and they've been a really fantastic partner." And the Fox chief addressed Fox One, the company's streaming platform, and said it had exceeded expectations. Murdoch said two thirds of the audience for Fox One were sport fans, and the other third were news consumers. He added 94 percent of Fox's national advertising demand comes from sports, news and streaming platforms. The other 6 percent comes from entertainment programming. "Live news, live sports and streaming are the segments where there is growth, and there is a great advertiser appetite for those segments." Murdoch also lauded evolving skinny bundle packaging industry-wide in helping stem continuing TV subscriber losses for Fox. "For us, skinny bundles are a positive, and we look forward to distributors continuing to make their packages more effective, more efficient, to the consumer." Murdoch earlier said in a statement that accompanied his latest financial results: "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." THR Newsletters Sign up for THR news straight to your inbox every day Subscribe Sign Up Video Games Robbie Daymond and Ray Chase's Sassy Chap Games Signs With CAA (Exclusive) Spotify Behind Spotify's Decision to Partner With Netflix The Walt Disney Company Disney's New CEO Josh D'Amaro on His Vision for Company: "I'm a Big Risk Taker" THR, Esq Ted Sarandos Goes to Washington: What Matters as Netflix's Chief Spars With Skeptical Lawmakers Podcasts 'SmartLess' Faces Backlash After Jason Bateman Questions Charli XCX About Having Children UTA Tim Tebow, Demi-Leigh Tebow Sign With UTA (Exclusive) Video Games Robbie Daymond and Ray Chase's Sassy Chap Games Signs With CAA (Exclusive) Spotify Behind Spotify's Decision to Partner With Netflix The Walt Disney Company Disney's New CEO Josh D'Amaro on His Vision for Company: "I'm a Big Risk Taker" THR, Esq Ted Sarandos Goes to Washington: What Matters as Netflix's Chief Spars With Skeptical Lawmakers Podcasts 'SmartLess' Faces Backlash After Jason Bateman Questions Charli XCX About Having Children UTA Tim Tebow, Demi-Leigh Tebow Sign With UTA (Exclusive)