Fox beats quarterly estimates, boosts buyback by $5 billion


FILE PHOTO: The electronic news ticker of Fox News reads headlines at the News Corp. Building in the Midtown Manhattan area of New York City, U.S., July 20, 2025. REUTERS/Eduardo Munoz/File Photo

(Reuters) -Fox Corp topped Wall Street estimates for quarterly revenue and profit on Tuesday, driven by a surge in advertising, affiliate fee and continued growth at its free ad-supported streaming service, Tubi.

The company also announced a $5 billion increase to its share repurchase authorization.

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