Fox Sees Tubi Hitting Breakeven 'Really Soon' -- Market Talk

Dow Jones
12/09

1147 ET - Tubi, the Fox-owned streaming service, is on track to hit its breakeven point on an annual basis after posting a profit in the most recent quarter, Fox Chief Financial Officer Steve Tomsic says at the UBS Global Media and Communications Conference. "I wouldn't commit here to say every quarter from here on forward is going to be profitable," Tomsic says, citing investment spending and some seasonality effects. "But we totally feel as though Tubi is on that pathway to being, on an annual basis, breakeven really soon," he says, adding that the company sees a road to EBITDA margins for Tubi around 20% to 25%. Fox Corp. and Wall Street Journal parent News Corp share common ownership. (elias.schisgall@wsj.com)

 

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December 08, 2025 11:47 ET (16:47 GMT)

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