FuboTV Inc (NYSE: FUBO) is a direct-to-consumer live TV streaming company that delivers sports, news, and entertainment content as a subscription-based alternative to traditional pay TV. Revenue comes primarily from subscriber fees and digital advertising sold against its live streaming audience, with the majority of revenue generated in the United States across FY2022, FY2023, and FY2024. The company also operates in Canada, Spain, and France. FuboTV positions itself around live sports content as its primary subscriber acquisition driver, then monetizes that audience through subscriptions and targeted advertising using data collected from billions of monthly data points. As of early January 2025, the company announced a business combination agreement with The Walt Disney Company, which upon closing would result in Hulu designating five of nine board seats, making FuboTV a controlled company under NYSE listing rules. The company holds five issued U.S. utility patents as of December 31, 2024 and relies on long-term content rights contracts, particularly for sports programming, as a core part of its content supply chain.

Revenue model

Subscription fees from direct-to-consumer live TV streaming packages and digital advertising sold against a live, engaged streaming audience. The majority of revenue in FY2022, FY2023, and FY2024 came from subscription services and advertising sales in the United States.

Products and services

Direct-to-consumer live TV streaming platform offering live sports, news, and entertainment content; on-demand content discovery; personalized content recommendations; and digital advertising inventory on a connected TV platform.

Customers and end markets

Individual consumers seeking a pay TV replacement, particularly sports viewers. Advertisers seeking a live, engaged connected TV audience as an alternative to linear pay TV, mobile, and web advertising platforms.

Value-chain role

Aggregator and distributor of licensed live and on-demand content delivered directly to consumers via a streaming platform. Acquires content rights through long-term contracts, distributes via connected TV platforms, and monetizes through subscriptions and advertising.

Geographic exposure

Primarily United States, with additional operations in Canada, Spain, and France (as disclosed in FY2024 10-K filed 2025-03-03).

Competitors

Traditional linear pay TV providers, Other live TV streaming services, Digital advertising platforms (mobile and web), Radio advertising

Source: SEC 10-K, filed 2025-03-03

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