Fox Corp. has been touting Tubi ‘s growth for months and so CEO Lachlan Murdoch sounded overjoyed as he revealed the AVoD platform hit profitability for the first time during the past quarter.

Tubi’s revenue growth shot up by 27% and viewing time was up 18%, Fox said as it unveiled its first quarter results for the fiscal year.

In the medium-term, Murdoch said “we expect Tubi to be a meaningful contributor to EBITDA and would expect margins to be in the 20% to 25% range.”

“It’s a great milestone – a credit to the Tubi brand,” said Murdoch, who labeled Tubi “the top premium AVoD platform in the U.S.”

The streamer has been growing internationally of late including a UK launch and has been swiftly expanding its library. Yesterday, Tubi struck a deal with Kevin Hart’s Hartbeat for

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