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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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