By Todd Spangler NY Digital Editor Over-the-top pay TV provider FuboTV released its first letter to shareholders, which includes some previously undisclosed financial and operating data, as part of plans to list on a major stock exchange in the near future.
FuboTV, first launched in 2015 as a soccer-streaming service, remains much smaller than competitors: The company said its TV subscriber base grew 37% in 2019, to end the year with 315,789 paid subscribers.
By contrast, Hulu had 3.2 million live TV customers at the end of 2019, Dish’s Sling TV had 2.6 million and YouTube TV had over 2 million.
In 2019, Fubo TV’s subscription revenue nearly doubled — up 90% year-over-year — to $133.3 million. That in part was driven by price hikes in
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