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This Fox-Owned Gem Is Seeing Huge Growth

TheMotleyFool

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This Fox-Owned Gem Is Seeing Huge Growth: https://g.foolcdn.com/editorial/images/720151/fox-stock-tubi.jpg

While Fox's (NASDAQ: FOX) (NASDAQ: FOXA) recently reported fiscal second-quarter results were notable in their own right, one of the most surprising takeaways from the report was a single data point on the company's ad-supported video streaming service. Tubi saw its ad revenue grow 25% year over year, management said.

"Revenue and engagement [key performance indicators] at Tubi have far exceeded our expectations and are consistently growing in the healthy double-digit range since we acquired it almost three years ago," explained Fox CEO Lachlan Murdoch in the company's fiscal second-quarter earnings call.

Here's why this growth is so impressive -- and why Fox is excited about Tubi.

Source Fool.com

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