Tubi Posts 'Breathtaking' Revenue Growth, Highest Total Viewing Time Ever

Fox's CEO said the AVOD service surpassed the advertising earnings generated by Fox Entertainment

The story at Tubi is “breathtaking,” according to Fox CEO Lachlan Murdoch.

During Fox’s quarterly earnings call on Tuesday, Nov. 1., Murdoch announced the company’s AVOD service reached a revenue milestone.

“With first-quarter revenue growth re-accelerating to almost 30% over last year, this marks the first time that Tubi revenue has surpassed the advertising revenue generated by Fox Entertainment in a meaningful way,” Murdoch said.

Fox’s CFO, Steve Tomsic, noted that Tubi’s revenue came in at around $165 million, with stable CPMs (cost per thousand viewers reached).

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