FOX Corporation: Can Its Direct-to-Consumer Strategy with FOX 1 Truly Up Their Game?

Fox Corporation’s third-quarter fiscal 2025 results highlighted a mixture of positive growth metrics and some cautionary notes due to expenditure increases. Advertising revenue surged by an impressive 65% compared to the previous year, primarily driven by the Super Bowl, which generated over $800 million in advertising revenue, setting records for both the national broadcast network and local TV stations. This major sports event resulted in the most-watched telecast in U.S. history on Fox platforms. Additionally, the company experienced a 3% growth in affiliate revenues, marking a consistent improvement in subscriber declines for the third consecutive quarter.