Major US broadcast network Fox has unveiled a new streaming service that will launch on August 21.
Fox One, which integrates all of the network's separate channels and TV brands, will be available at a monthly cost of $19.99 or for $199.99 annually.
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Its launch has been confirmed as Fox announced its fourth-quarter (and full-year 2024-25) financial results, for the respective periods ending on June 30, 2025, with Q4 revenues up 6% and net income rising year-on-year to $719 million.
Fox One will offer both live and on-demand streaming for all sporting networks and channels run by the corporation – Fox Sports itself, Fox Sports 1 and 2, the college sports-focused Big Ten Network (a joint venture with the Big Ten Conference), and the Spanish-language Fox Deportes.
On Fox's Q4 and full-year earnings call yesterday, Fox Corp's executive chair and chief executive (CEO) Lachlan Murdoch said: "Fox One is a truly innovative digital offering launching across the US on August 21…
"While Fox One will be marketed to the cordless market, current pay-TV subscribers will also have access to Fox One on an authenticated basis."
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By GlobalDataThe platform will be available on devices including iOS, Android, Roku, Fire TV, Apple TV, LG, Samsung, and Xbox.
Murdoch added that the user interface for Fox One "can be very highly personalized and relies on some very clever technology to offer something that's truly unique in the marketplace."
Fox users will also be able to purchase a bundle of Fox One and Fox Nation, the subscription service that shows the Professional Bull Riders property, amongst other content, for $24.99 per month.
Pete Distad, CEO of direct-to-consumer for Fox Corp, added: "In bringing together the full power of the FOX content portfolio in one service, we have created a great value proposition and user experience that will appeal to the cord-cutter and cord-never fans currently not served by conventional pay TV packages.”
Fox's financials, meanwhile, show Q4 revenue of $3.29 billion, up $195 million from the prior year quarter. In addition, net income more than doubled year-on-year, from $320 million to $719 million.
Quarterly adjusted EBITDA (earnings before interest, taxation, depreciation, and amortization meanwhile, came to $939 million, a year-on-year increase of $166 million (21%).
Net income for the full year, meanwhile, came to $2.29 billion, up from $1.55 billion the prior year, while full-year revenue amounted to $16.3 billion, a year-on-year 17% increase.
As for full-year adjusted EBITDA, that figure amounted to $3.62 billion, a 26% increase from the prior year.
In terms of the different revenue components, for the Q4 results, affiliate fees amounted to $1.9 billion, up from $1.85 billion the prior year, while there was also an increase in advertising income.
Fox has said the rise in advertising income was "primarily due to continued digital growth led by the Tubi [ad-supported streaming] service, and stronger news ratings and pricing."
Fox bought Tubi in March 2020 for $440 million.
However, in terms of Fox's sports portfolio, the advertising revenue increase was partially offset by the absence of the UEFA European Championships and Conmebol Copa America men's national team soccer tournaments, which both took place in Q4 of the last financial year and were covered in the US by Fox.
Segment revenues, meanwhile, show rises across cable network programming, television, and corporate and other.
Fox has also noted an increase in expenses year-on-year, and has put this down primarily to "higher sports programming rights amortization and production costs, including the impact of Super Bowl LIX."
Fox was the exclusive domestic linear broadcaster – English-language – for this year's Super Bowl finale – held in New Orleans in February – to the American football NFL season.
In terms of recent Fox activity, late July saw the corporation finalise the acquisition of a significant minority stake in Penske Entertainment, the promoter of motor racing’s IndyCar series and the owner of the Indianapolis Motor Speedway (IMS) venue, expanding its presence in the competition.
Fox has purchased a third of Penske, inclusive of IndyCar and the IMS, in exchange for a reported fee of between $125 million and $135 million.
Through the deal, Fox has also renewed its broadcast contract with IndyCar on a multi-year basis.
