When it comes to ad dollars, 'visibility is lower and the money's coming in later,' CFO Steve Tomsic says.
On the entertainment side of the business, Tomsic downplayed the Fox network’s entertainment assets , noting that it is one of the areas facing pressure, but suggested that growth at Tubi was helping to more than make up for those declines.
“It’s weaker there [at the Fox network] but I think the weakness there is less about the market and more about ratings,” Tomsic added. “But again, I said last quarter, it was the first time that Tubi was meaningfully was ahead of our entertainment network in terms of ad sales. And so from our perspective, we’ve recognized that that’s a small and reducing component of the portfolio and we continue to build out the pieces where we’ve got real strengths.
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