Fubo sees subscriber, revenue gains during Q3
Sports-centric streaming service eyes more FAST channel agreements and launching new AI-driven features to grab and retain subscribers.
Sports-centric streaming service eyes more FAST channel agreements and launching new AI-driven features to grab and retain subscribers.
Representatives of the broadcast, cable television and streaming industries agreed current regulations are broken, but had different opinions on how lawmakers should fix them.
Sports-centric streaming service Fubo said its subscriber count fell to 1.167 million during the company’s second financial quarter of 2023.
The Maximum Effort Channel is available on Fubo as well as a number of free, ad-supported streaming platforms, including Xumo and Tubi.
Fubo saw its subscriber base grow 22 percent over the last 12 months, according to the latest figures released by its parent company Fubo TV on Friday.
The compensation package included a 3 percent cost of living adjustment, as well as a performance-based bonus for meeting key revenue and subscriber growth metrics.
Fubo TV will close the chapter on its sportsbook business this June when its shareholders vote to remove gambling-related provisions from its articles of incorporation.
Fubo’s deal with Major League Baseball will make in-market and out-of-market games available to subscribers of the streaming cable TV alternative.
Fubo TV’s CEO David Gandler said AI-driven products and local sports channels will help make the streaming service more-viable over the long-term.
Fubo TV’s subscribers are more likely to be male and financially affluent, according to executives who spoke at a conference on Tuesday.