Fox Repeats Tubi’s Long-Term 20% Margin Goal After Revenue Rose 35%

Fox Executive Chair and CEO Lachlan Murdoch reiterated Tubi’s long-term goal of reaching a margin in the 20% range as the service posted 35% revenue growth in the fiscal first quarter. Murdoch said Tubi could become “a 20% sort of range margin business once it reaches further maturity.” He gave no timetable and did not specify which margin measure he meant. Fox had previously discussed a long-range Tubi margin of 20% to 25% in an EBITDA context, so the latest comment restated an existing aim rather than setting a newly dated forecast.

Source: TokenPost