Did you hear? Fox has raked in a whopping $1.95 billion from Super Bowl ads, and Tubi is joining the party!
In a stunning turn of events, Fox has officially sold out its Super Bowl ads at record pricing, collectively netting a jaw-dropping $1.95 billion in TV revenue. This remarkable figure includes contributions from the Fox broadcast network and the ever-evolving streaming service Tubi. Political advertising, along with the overwhelming popularity of NFL and soccer matches, has turbocharged the media giant’s earnings into unseen territory. Talk about a touchdown for their financial playbook!
What does this mean for advertisers and the viewer experience? Well, it’s more than just a promotional blitz; it’s a clear message that brands continue to see value in the Super Bowl’s massive audience. Marketers are willing to pay top dollar for premium ad slots during one of the most-watched events worldwide. As the hype builds for this year’s game, advertisers are gearing up to concoct creative campaigns that might just have audiences laughing, crying, and possibly even dancing in their living rooms. Did someone say, “commercial of the year”?
Let’s not overlook the role played by Fox’s streaming service Tubi. In a space crowded with big players, Tubi is carving its niche by offering a unique blend of ad-supported content, making it an up-and-coming contender as a prime advertising platform. If you’ve ever wondered how mainstream media is adapting to the digital age, look no further than Tubi; it's a savvy strategy of marrying traditional viewership with modern streaming habits, keeping advertisers keenly interested.
So, while the Super Bowl is typically synonymous with exciting football and breathtaking halftime shows, it’s also becoming a cash cow for broadcasting networks like Fox. As advertising rates soar, brands are not only looking to be part of the cultural moment but also hoping their commercials go viral, essentially making each ad a tiny Super Bowl of its own. Talk about an ad-venture!
In fact, did you know that a 30-second ad slot during the Super Bowl can cost around $5.6 million? That’s right! And judging by Fox's record-breaking revenue, it seems advertisers are still eager to dive into that steep investment. Additionally, research shows that around 60% of Super Bowl viewers actually tune in just for the ads, proving that some viewers find as much entertainment in the commercial breaks as they do in the game itself. So, grab your popcorn and get ready for an epic showdown, both on and off the field!
$1.95 billion — Fox's TV revenue, including Fox broadcast network and the streaming service Tubi, thanks to a boost in political advertising and NFL and soccer ...
Fox Corp beat Wall Street expectations for first-quarter revenue on Monday (Nov 4), as the media company benefited from higher advertising revenue from its ...
Fox Corp beat Wall Street expectations for first-quarter revenue on Monday, as the media company benefited from higher political advertising ahead of the ...
Cable news and media network Fox (NASDAQ:FOXA) reported Q3 CY2024 results exceeding the market's revenue expectations, with sales up 11.1% year on year to ...
A surge of political ad revenue as the presidential cycle neared its peak helped Fox Corp. beat Wall Street estimates for the quarter.
Fox Corp. said a record amount of political advertising contributed to strong sales and profit growth in the company's first fiscal quarter.
Meanwhile, net income was $832 million, more than double the profits a year ago of $415 million. That gain however was skewed by the value of Fox's option in ...
Fox Corp. said political advertising ahead of the 2024 presidential election and advertising tied to a new summer soccer schedule boosted its Q1.
The upcoming election is expected to drive significant advertising revenue, particularly for Fox News.
The company's EBITDA of over $1 billion was up 21% thanks to its sustained revenue growth. This report comes a day before the historic election, an event that ...