Fox Corporation’s Tubi broke a quarterly viewership record in the December quarter, with total viewing time on the service jumping 41% year over year.
The free, ad-supported streaming television service saw ad revenue climb 25% year over year, Fox said as it reported its fiscal second quarter Wednesday.
“We have seen increases in almost every KPI, including CPM, TVT and engagement,” Fox CEO Lachlan Murdoch told analysts on the company’s earnings call Wednesday. “When we look at these metrics, there’s a ripeness for very significant revenue growth.”
Fox said Tubi had 61 million monthly active users in November.