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Tubi Posts Record $1B+ Revenue Ahead of $22B Roku Deal

8/6/2026

38 4 Full Breakdown

Summary

Tubi Posts Record

Tubi, the Fox-owned free streaming platform led by CEO Anjali Sud, posted its highest-revenue quarter ever, with annual revenue exceeding $1 billion and over 110 million monthly active users.
A World Cup hub attracted about 20 million viewers, helping drive the record quarter.
Sud said Tubi will pursue live sports, additional exclusives and long-form creator programming through its Red Seat Ventures division, including a creator-led F1 alt-cast.

Summary

Fox Acquires Roku

Fox will finalize its $22 billion acquisition of Roku in the first half of 2027.
Lachlan Murdoch said Roku will stay an open, partner-friendly platform for competitors.
CFO Steve Tomsic noted Tubi has kept advertising rates unchanged despite intense CTV competition.
Murdoch projected the 2026 U.S. midterm elections could generate over $11 billion in political ad spend, positioning Fox for a record share.

History

Historical Context

Comcast began talks to buy NBC Universal in March 2009 and announced a $6.5 billion deal on Dec 3 2009, securing a 51% stake. DOJ and FCC cleared the merger in Jan 2011 and Comcast took full ownership by March 2013, creating a vertically integrated cable-broadband-content empire that recalled its 2004 failed Disney takeover. The model now shapes Fox’s 2024 Roku bid under regulatory review.

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Tubi Posts Record

Tubi, the Fox-owned free streaming platform led by CEO Anjali Sud, posted its highest-revenue quarter ever, with annual revenue exceeding $1 billion and over 110 million monthly active users.
A World Cup hub attracted about 20 million viewers, helping drive the record quarter.
Sud said Tubi will pursue live sports, additional exclusives and long-form creator programming through its Red Seat Ventures division, including a creator-led F1 alt-cast.

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