Executive Chair & Chief Executive Officer at FOX
Thank you, Gabby, and thanks, everyone, for joining us this morning. FOX's strong fiscal third quarter operating results once again demonstrate the power of our content and the brands it underpins and the repeated capability of our focused strategy to deliver solid financial results.
In the quarter, we grew top line revenue by 18%, led by the remarkable 43% growth in advertising and a solid 3% growth in affiliate revenue. Underpinning this performance was a record Super Bowl LVII on the FOX Broadcast Network which generated approximately $650 million of gross advertising revenue across our businesses and was the key driver of our 61% advertising revenue growth at our Television segment.
This year's Super Bowl matchup between Kansas City and Philadelphia delivered 115 million viewers across FOX platforms, making Super Bowl LVII the most watched program in U.S. television history and the pinnacle of an extraordinary year for FOX Sports.
The strong lineup of programming and advertising demand for FOX Sports continues into our fourth quarter, which includes the return of NASCAR the second season of the USFL, the start of Major League Baseball's 2023 season, the finals of the UEFA Nations League and a first for FOX the Belmont Stakes.
Leveraging the reach of a Super Bowl lead-in, we launched the second season of Next Level Chef, which promises to be the next big lifestyle franchise from our Studio Ramsay partnership. Our entertainment business also found success with the Number 1 new series and new drama over the year in Accused and the Number 1 new unscripted series in Special Forces: World's Toughest Test. FOX has now debuted the top new unscripted series for five consecutive seasons. In fact, the combined power of our sports and entertainment programming places FOX at Number 1 amongst broadcast network season to date in the key 18 to 49 demo.
Our strong sports calendar also had a halo effect at the FOX Television stations, which saw many local advertising verticals higher in the quarter. In what continues to be mixed local advertising market conditions, we are encouraged by growth in categories, including auto, restaurants and entertainment, but are watchful across other categories, including bedding, retail and telecom.
Meanwhile, Tubi's performance in the third quarter was nothing short of stellar with revenue growth of 31% supported by sustained gains and engagement, where total view time increased 38% year-on-year. And while still early in the fourth quarter, the April results for Tubi show the momentum across the platform accelerating. Having recently marked the 3-year anniversary of our acquisition of Tubi, our progress over this longer-term time frame is just as impressive having grown quarterly TBT by over 200% and revenue by 400%.
Just as importantly, the Tubi brand has asserted itself on the broader media landscape. Our viral Tubi spot in the Super Bowl, which received massive press coverage, had almost 7 billion impressions. And our strong growth and engagement has now led to Tubi's inclusion in Nielsen's The Gauge, marking the first time Tubi has reached 1% of total TV viewing minutes and making Tubi the most-watched fast service in the United States.
And just last month, we announced the formation of Tubi Media Group, under Paul Cheesbrough, which brings together our digital capabilities in a more formalized and coordinated way to help us better monetize our digital touch points across all our FOX properties. We thank Farhad for his entrepreneurial leadership at Tubi over the last three years and, of course, before he leaves the business in terrific shape with an outstanding team to drive continued strong growth.
At FOX News Media, we retained our leadership position amongst our peers. The FOX News Channel ended the third quarter as the most-watched cable network in total day and prime time while maintaining its lead as the most-watched cable news network beating CNN and MSNBC combined. Also notably, the FOX Business Network ended the quarter as the most watched business cable network, leading CNBC in total viewers during the business day and market hours for the fourth consecutive quarter.
Let me briefly address the settlement of our dispute with Dominion Voting Systems. We made the business decision to resolve this dispute and avoid the acrimony of a divisive trial and a multiyear appeal process. Our decision clearly in the best interest of the company and its shareholders. The settlement in no way alters FOX's commitment to the highest journalistic standards across our company or our passion for unabashedly reporting the news of the day. We're proud of our FOX News team, the exceptional quality of their journalism and their stewardship of the FOX News brand.
Whether it be our coverage of politics and elections, world events such as the war in Ukraine or domestic issues, such as the crisis at the border, our journalists bring compelling news home to our viewers every day. The standards behind this reporting are not only what makes us the Number 1 cable news network by the Number 1 network in all of cable. In fact, in a recent poll, 41% of respondents chose FOX News as their most trusted network news.
So as we look ahead, we are confident in the strength of the FOX brands and the strength of our balance sheet. And while we are not completely immune to the headwinds facing the broader industry and the general economy, we are well positioned given our areas of differentiation. Nonetheless, you can expect us to be even more focused on our cost base as we look to reinforce our strategy for future growth.
We remain committed to driving long-term shareholder value creation through the thoughtful management of our existing business, the pursuit of new and exciting adjacencies and returning capital to our shareholders.
With that, I'll turn it over to Steve to take you through the details of the quarter.