FuboTV Inc. reports developments in live TV streaming, with a consumer service portfolio that includes Fubo for sports, Hulu + Live TV for entertainment, and Molotov for entertainment and sports in global markets. Company updates commonly address quarterly operating results, subscriber and revenue trends, content and distribution initiatives, and product changes for connected TVs, mobile devices, tablets and computers.
Fubo news also includes platform enhancements such as AI-supported mobile features, shareholder voting matters, material agreements, and capital-structure actions tied to convertible senior notes, term loans and common-stock matters.
FuboTV (NYSE: FUBO) has announced the launch of Hallmark+ as both a standalone premium subscription service and an add-on for existing Fubo customers. This expansion builds upon their existing distribution agreement for Hallmark's linear channels. Hallmark+ features the largest streaming catalogue of original Hallmark Christmas movies, with 600+ hours of holiday content.
The service will include exclusive content such as Hallmark's first holiday series (Holidazed and Mistletoe Murders), reality competition series (Finding Mr. Christmas), and unscripted shows featuring popular stars. All 2024 Countdown to Christmas and Miracles of Christmas movies will be available to stream on December 20.
FuboTV (NYSE: FUBO) announced that its Compensation Committee granted restricted stock unit awards totaling 32,269 shares to six new employees on November 25, 2024. The awards, granted under Fubo's 2024 Employment Inducement Equity Incentive Plan, will vest annually over four years, contingent on continued employment. Fubo, operating in the U.S., Canada, Spain, and France, is a sports-first cable TV replacement service offering over 400 live sports, news, and entertainment networks, featuring every Nielsen-rated sports channel in the U.S.
Fubo and NBCUniversal have announced the launch of six NBCU FAST channels in Canada, expanding their sports, entertainment, news, and Latino programming offerings. Three channels - NBC News NOW, Noticias Telemundo Ahora, and Telemundo al Dia - are immediately available on Fubo Canada's Sports, Entertainment and Premium channel plans. Three additional English-language channels - GolfPass, Dateline 24/7, and American Crimes - will be launched soon.
FuboTV (NYSE: FUBO) and NBCUniversal announced the launch of 18 NBCU FAST channels on Fubo's streaming platform. The rollout begins with four Telemundo channels available immediately in both Spanish-language Latino and English-language plans, including the Free plan. An additional 14 channels will be launched soon across all English-language plans, featuring content from NBC Sports, SNL Vault, Real Housewives Vault, and more. The channels span various genres including sports, entertainment, news, and Latino programming, providing access to NBCU's extensive content library.
Fubo has launched four new interactive Connected TV (CTV) ad formats to enhance audience engagement. The new formats include: Transactional ads with QR codes for direct purchases, Gamified ads featuring trivia questions, Rotating Carousel for multiple creative displays, and Geo-locator ads for regional targeting. These interactive formats have shown to increase brand awareness by 33% and purchase intent by 47% compared to standard video ads. All formats are 100% addressable, measurable, and can include custom QR codes, allowing advertisers to track engagement metrics and click-through rates.
FuboTV reported strong Q3 2024 results with $377 million total revenue in North America, up 21% YoY, and 1.613 million subscribers, up 9% YoY. The company improved its net loss by $110.1 million and Adjusted EBITDA by $98.8 million for the trailing twelve months. North America ARPU grew 2.5% to $85.64. Net loss from continuing operations was $54.7 million with EPS loss of $0.17. For Q4 2024, Fubo projects revenue of $426-446 million in North America. The company aims for positive Free Cash Flow in 2025.
TEGNA has announced a new multi-year agreement with FuboTV, the sports-first live TV streaming platform. The deal enables Fubo subscribers to access live telecasts from KFAA in Dallas, with KONG in Seattle and KTVD in Denver launching soon. KFAA will broadcast 70+ Dallas Mavericks games, KONG will air 70+ Seattle Kraken games, and KTVD will broadcast 20 Denver Nuggets games and 20 Colorado Avalanche games.
FuboTV Inc. (NYSE: FUBO) has launched standalone premium subscription services, allowing consumers to subscribe to select live and on-demand content without a base Fubo channel plan. The first networks offered as standalones are FanDuel Sports Network, NBA League Pass, and Paramount+ With Showtime. Subscribers to these standalone packages will also receive Fubo Free, a collection of nearly 200 free ad-supported streaming television (FAST) channels.
This launch is part of Fubo's Super Aggregation strategy, aiming to offer flexible content bundles at different price points within the Fubo ecosystem. The company now offers three channel plan tiers: Fubo Free, Premium Subscription Services, and Virtual MVPD. Fubo is also exploring the launch of other content offerings such as pay-per-view, transactional video on demand, and skinny bundles.
FuboTV Inc. (NYSE: FUBO) and The Athletic have announced a multi-year partnership, making Fubo the official live TV streaming partner of The Athletic. This collaboration includes content and product integrations, as well as co-marketing opportunities.
Key aspects of the partnership include:
- Fubo integration into The Athletic's live game blogs and content
- Custom in-content modules featuring relevant game information
- Joint development of new product features on The Athletic platform
- Shared goal of building community through sports at local and national levels
Fubo offers over 55,000 live sporting events annually, with many streaming in 4K, and more than 35 regional sports networks in its base package. The Athletic, powered by a newsroom of 450+ full-time staff, provides comprehensive coverage of professional and college teams across North America and the English Premier League.
FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, has announced the granting of restricted stock unit awards to eight new employees. The Compensation Committee of Fubo's Board of Directors approved these awards on September 27, 2024, covering an aggregate of 75,512 shares of common stock. These awards, granted under Fubo's 2024 Employment Inducement Equity Incentive Plan, are designed to induce new talent to join the company. The stock units will vest annually over a four-year period, contingent on continued employment. This action aligns with the New York Stock Exchange rules for employment inducement awards.