01:48 PM EDT, 08/05/2025 (MT Newswires) -- Fox (FOX, FOXA) reported stronger-than-expected fiscal fourth-quarter results on Tuesday, while the media giant announced a $5 billion boost to its share repurchase program.

Adjusted per-share earnings rose to $1.27 for the quarter ended June 30 from $0.90 a year earlier, ahead of the FactSet-polled consensus of $0.99. Revenue grew 6% to $3.29 billion, above analysts' $3.12 billion view.

The company boosted its share buyback program by $5 billion to $12 billion. Repurchases are not time bound, it said in a statement.

"Fiscal 2025 was another outstanding year for Fox, demonstrating the strength operationally and financially across all of our businesses and delivering our best year yet," Chief Executive Lachlan Murdoch said on an earnings call, according to a FactSet transcript.

Fox's class A and B shares were down around 2.5% each in Tuesday trade.

Advertising revenue rose 7% to $1.08 billion, led by the company's Tubi ad-supported streaming service and stronger news ratings and pricing, according to Fox. Full-year advertising revenue surged 26% to $6.87 billion.

"As we look to fiscal 2026, the overall advertising market for Fox continues to be healthy and robust, as evidenced by our recently concluded upfront, where we achieved record-setting double-digit volume growth and strong pricing growth across our portfolio," Murdoch said, referring to the company's annual presentation to advertisers and media buyers.

Affiliate fee revenue increased to $1.91 billion in the fourth quarter from $1.86 billion in the prior-year quarter, amid gains in the television and cable network programming segments.

Fox said it will launch on Aug. 21 the Fox One direct-to-consumer streaming service that combines its news, sports and entertainment content.

The service will be available at $19.99 a month, or $199.99 a year. Users can bundle Fox One and Fox Nation for $24.99 a month, the company said.

"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," said Pete Distad, CEO of direct-to-consumer operations at the media company.

Price: 50.40, Change: -1.62, Percent Change: -3.11