Fox Corp. saw its advertising revenue rise by 7 percent in its last quarter (the companys fiscal Q4), underscoring how its strategy has separated itself from the competition, with most other media companies reporting flat or declining ad revenue at a challenging moment for the medium.

Fox says that the growth was driven by its Tubi free ad-supported streaming service, as well as Fox News.

Total revenue in the quarter was $3.29 billion, up 6 percent from a year ago, with ad revenue accounting for $1.1 billion of that total. Net income was $719 million, more than doubling the year-ago quarter, with the company also seeing 6 percent growth in affiliate revenue, and 33 percent growth in other revenue, thanks to higher content revenues. The company is preparing to launch its new streaming service Fox One in the coming months, bringing Fox News and Fox Sports programming to streaming for the first time.

In the cable networks division, revenues were $1.53 billion, driven by a 15%v rise in advertising revenue, with affiliate fees also rising by 2% despite a decline in subscribers. Other revenues in the division rose $24 million or 39%, driven largely by an increase in subscribers to Fox Nation.

In the TV segment, revenues were up 6% to $1.71 billion, with ad revenues up 3%, driven largely by Tubi, offset by having fewer major soccer events. Affiliate fee revenues rose by 4%.

Fiscal 2025 was another outstanding year for Fox, demonstrating broad based strength across our businesses and achieving record financial results all while making important investments in our digital growth assets. We enter fiscal 2026 with solid operational and financial momentum and look forward to another exciting year that will include the launch of Fox One. We remain confident that our focused strategy, leadership position in key verticals and strong balance sheet will continue to deliver value to all shareholders. Underscoring our confidence in the trajectory of the business, this morning we announced a $5 billion increase to our share repurchase authorization and an increase in our semi-annual dividend to $0.28 per share.