Independent live TV streaming service fuboTV is showing why it is one of the most exciting players in US digital media by topping all-time highs in key performance metrics heading into the fourth quarter. This includes exceeding an annual run rate (ARR) of $100 million in September 2018, as well as surpassing company records for average revenue per user (ARPU), paid subscribers and time spent per subscriber, with double- and triple-digit, year-over-year growth across all of the above.
fuboTV Growth (September 2018)
fuboTV has continued to evolve from its initial launch in 2015 as a streaming soccer service, to a sports-first virtual MVPD, to its position today as a leading cable replacement for the entire family. Competing head-to-head with live TV streaming players owned by the world’s biggest media and tech giants, fuboTV is regularly first-to-market with technology innovations, product features, advertising offerings and content partnerships. For example:
Additionally, fuboTV launched dynamic ad insertion in January 2018, ahead of Hulu with Live TV and YouTube TV. Since then, thousands of brands have advertised on fuboTV, with ad revenue growing 84% from Q1 to Q2.
These innovations continue to drive the company’s success in a highly-competitive space, along with a new national ad campaign, upgraded apps, an updated Cloud DVR and the launch of new channels both nationally (e.g., Turner networks) and locally (nearly 500 local channels spanning approximately 95% of U.S. markets). Additionally, fuboTV recently rolled out a refreshed home page on web that emphasizes the breadth of content now available with fuboTV across genres – from new TV premieres and movies, to more news channels than the competition at a time of heightened interest in political coverage, to the most intense fall sports matchups on earth.
“What our team of less than 150 employees has built – from the ground, up, despite our competition having access to tens of thousands of engineers alone – impresses me every day, and it should put the streaming TV industry on notice,” said David Gandler, fuboTV co-founder and CEO. “Our September results and year-over-year growth are proof of our success. We have and will continue to deliver the most optimal quality experience for our customers and strong value to our investors, as we take the company to the next level.”