Fox Corporation reported stronger-than-expected quarterly results and said advertising conditions remain positive heading into the 2026 midterm election cycle.
Fox said growth in its free streaming platform Tubi and higher cable distribution fees helped offset a year-over-year advertising decline caused largely by comparisons against last year’s Super Bowl. Excluding that event, executives said advertising trends improved.
The company specifically pointed to expected political advertising growth in battleground states including Florida and Georgia ahead of the midterms.
For local commercial radio operators, the report matters because political advertising demand typically lifts pricing across local media markets, particularly in swing states and competitive congressional districts. Fox’s comments also reinforce continuing advertiser interest in ad-supported streaming television, increasing competitive pressure on local broadcasters to provide digital targeting and audience data.
Tubi’s continued expansion is another reminder that free ad-supported streaming platforms are becoming more significant competitors for local and regional advertising dollars.