Fubotv (FUBO) Stock News

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.

FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, has announced it will release its Q3 2024 financial results on November 1, 2024, before the market opens. Following the release, Fubo's Co-founder and CEO David Gandler and CFO John Janedis will host a conference call at 8:30 a.m. ET to review results and provide a business update.

Fubo operates in the U.S., Canada, Spain, and France, offering a cable TV replacement product that aggregates over 400 live sports, news, and entertainment networks. In the U.S., it's the only live TV streaming platform with every Nielsen-rated sports channel. The company is known for innovative features like 4K streaming, MultiView, and Instant Headlines, an AI-powered news topic generator.

FuboTV Inc. (NYSE: FUBO) has launched its Multiview feature in beta on select Roku devices, making it the first virtual MVPD to offer user-configurable multiviewing on Roku, America's #1 streaming platform. The feature allows Fubo customers to select and stream up to four live channels simultaneously, fully customizable for all Fubo channels. This launch expands on Fubo's pioneering multiviewing capability, which was first introduced on Apple TV in 2020.

Fubo delivers approximately 150,000 new content assets daily, including live and VOD content across sports, news, and entertainment. The Multiview feature aligns with Fubo's product personalization strategy, aiming to provide a seamless, customizable user experience. The beta feature is expected to roll out to additional Roku devices in the coming weeks.