Fubo sees subscriber boost, reduces net cash loss
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.
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.
Fubo TV scored its first regulatory approval on Tuesday when gambling commissioners in Iowa affirmed its sportsbook feature there.
The top executive at Fubo TV says he believes his linear streaming television service could grab anywhere from three million to five million subscribers within the next five years. The statement came in an interview with a CNBC reporter published on Friday shortly after Fubo TV raised its year-end subscriber guidance to around 900,000 after grabbing more than 700,000 paying customers at the end of its most-recent financial quarter. Fubo TV offers dozens of pay television channels with a heavy emphasis on programming packages that includes live sports. The service starts at $65 a month and goes up from there as subscribers add on more channels and features. At a time when many streaming services are looking to break away from traditional cable television channels, Fubo TV thinks there’s a market for people who want to free themselves from the … Read more
Fubo TV says it now serves more than 680,000 paying customers, more than doubling its subscriber base compared to one year ago.
The service has more than 547,000 paying subscribers, a jump of 237 percent compared to this time last year.