Tubi’s advertising revenue exceeds Fox Entertainment’s sales

Fox reported that ad revenue on its Tubi streaming platform exceeded ad sales for Fox Entertainment. The gains come at a time when many digital video services are reporting declining ad sales.

“The history at Tubi is breathtaking [fiscal] First-quarter revenue growth has accelerated back to nearly 30% year over year,” Fox CEO Lachlan Murdoch said on Tuesday’s earnings call. “This is the first time Tubi’s revenue has significantly exceeded advertising revenue generated by Fox Entertainment.”

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