Fubo TV grows subscribers, advertising revenue
Fubo TV says it now serves more than 680,000 paying customers, more than doubling its subscriber base compared to one year ago.
Fubo TV is sports-centric media company that operates the Fubo streaming cable TV alternative, which focuses primarily on live sports content from the MLB, NBA, NFL, NHL, MLS and international soccer leagues. Fubo also offers general entertainment, movie and news channels from major national and international programmers.
In addition to Fubo, the company operates the Fubo Sports Network. Fubo TV is based in New York City.
Fubo TV says it now serves more than 680,000 paying customers, more than doubling its subscriber base compared to one year ago.
Fubo TV has dropped several channels owned by A+E Networks, with the company saying the channels were too expensive to keep.
Fubo TV ended the previous quarter with 590,000 paying subscribers, an increase of 43,000 customers.
Streaming service Fubo TV has landed the exclusive streaming rights to CONMEBOL matches ahead of the 2022 World Cup.
The service has more than 547,000 paying subscribers, a jump of 237 percent compared to this time last year.
Fubo TV has eliminated a cheaper, $60 a month package that was quietly offered to new subscribers.
The deal comes less than a month after Fubo TV signaled its intention to enter the sports betting industry.
Fubo TV said it would soon offer Jetblue customers the opportunity to stream the Fubo Sports Network for free.
Fubo TV subscribers will soon be able to add Starz and Epix’s multiplex of channels on top of their subscriptions.
The move to eliminate AT&T-owned entertainment and sports channels didn’t hurt its appeal with subscribers.