FOX · Earnings call · 2026Q2T · Full report

Tubi Growth and Positioning

Fox Corp · 2026-08-06 · Importance 46 · Surprise 56 · In source text

Tubi delivered its highest-revenue and most-streamed quarter, with revenue growth of 35% and total viewing time up 17%. The platform’s World Cup Hub attracted more than 20 million viewers, while two early-round simulcasts generated two of Tubi’s highest-traffic days. Tubi ended fiscal 2026 with 110 million monthly active users and remained EBITDA positive in every quarter. Management emphasized that approximately 70% of viewers are cord-nevers or cord-cutters and that about 96% of viewing is video on demand, making the audience attractive to advertisers.

Key facts

• Tubi delivered its most streamed and highest revenue quarter ever with fourth quarter revenue growth accelerating to 35%.
• Tubi's World Cup Hub attracted over 20 million viewers across the tournament.
• Tubi viewing is roughly 96% video on demand and about 70% of Tubi's viewers are cordless (cord-nevers or cord cutters).
• Tubi was EBITDA positive in each quarter of fiscal 2026.
• Tubi closed the fiscal year with 110 million monthly active users.

Impact estimates