Pay-TV Bundler Philo Reveals $450M In Annual Revenue, Acquisition Of TVOD Outlet Row8 And Hiring Of Tubi Alum Edward King In Top Product Role
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deadline.comEXCLUSIVE: Pay-TV bundle Philo is hitting some notable operational milestones in its eighth year as a full-fledged pay-TV service.
The company has hit 1.3 million subscribers, posting a 20% year-over-year growth rate in 2024. Disclosing financials for the first time, Philo said it takes in $450 million in annual revenue and expects to turn its first profit this year.
Two other developments can also be revealed by Deadline: the acquisition of TVOD outlet Row8 and the hiring of Tubi alum Edward King as Chief Product Officer.
King was VP of Product at Tubi, which was acquired by Fox Corp. in 2020 and has become one of the top free, ad-supported services in streaming.
Read more on deadline.com
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