Fox Corp. posted strong financial results for its fiscal fourth quarter and full year, with the FIFA World Cup tournament serving as a major revenue driver. Overall revenue reached $4.21 billion, representing a 28% increase year-over-year. Advertising revenue experienced particularly robust growth, climbing 78% to $1.92 billion, with the World Cup and performance of the Tubi streaming platform cited as primary contributors to the gain.
The World Cup broadcast and streaming operations attracted substantial viewership across Fox’s platforms, with an average of approximately 7.7 million viewers spanning 104 matches. The tournament’s championship match between Spain and Argentina achieved a notable milestone, drawing nearly 39 million viewers across Fox’s distribution channels according to Nielsen data. Tubi’s World Cup hub separately generated more than 20 million viewers throughout the event, while certain matches generated traffic that ranked among the highest in the platform’s history.
Fox CEO Lachlan Murdoch characterized the fiscal year as delivering “record financial performance,” emphasizing that results were particularly impressive given comparisons to an unusually strong prior-year period that included Super Bowl and presidential election coverage. The company reported that advertising revenue remained a critical profitability driver as traditional pay TV subscriber losses continued to pressure distribution revenue. Murdoch highlighted that Fox achieved one of its “strongest Upfront” presentations to advertisers in company history, with double-digit volume growth.
The World Cup contributed meaningfully to both the Tubi advertising-supported platform and Fox One, the company’s broader streaming service launched nearly a year prior. Distribution revenue for the quarter increased 5%, partly attributed to Fox One performance. The company noted that World Cup coverage attracted new Fox One subscribers while generating strong retention rates, with leadership indicating minimal cannibalization of traditional pay TV operations.
Fox’s focus on live sports and news, combined with its advertising-reliant streaming model, positioned the company to capitalize on major sporting events. The company previously announced a proposed $22 billion acquisition of Roku, which would expand its advertising and streaming capabilities.
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