NEW YORK - FuboTV Inc. (NYSE: NYSE:FUBO), a sports-first live TV streaming platform, and NBCUniversal have partnered to launch 18 NBCU free ad-supported television (FAST) channels. These channels will enhance Fubo's existing lineup with a broad range of sports, entertainment, news, and Latino programming.
Today, FuboTV introduced four Telemundo channels to its Spanish-language Latino plan and all English-language channel plans, including a free plan for select customers. An additional 14 NBCU channels are slated to be added to all Fubo English-language plans soon.
The newly launched channels include Noticias Telemundo Ahora, a 24/7 Spanish-language news channel, and Telemundo al Dia, providing news and entertainment for the Hispanic community in the U.S. Also included are Telemundo Romance, showcasing romantic telenovelas, and Telemundo Acción, offering action-packed crime series.
English-language channel additions feature NBC Sports with programs like Pro Football Talk and The Dan Patrick Show, GolfPass co-founded by Rory McIlroy, and Dateline 24/7 for true crime enthusiasts. Other channels include Oxygen True Crime Archives, American Crimes, TODAY All Day, Million Dollar Listing Vault, E! Keeping Up, SNL Vault, Real Housewives Vault, Top Chef Vault, Bravo Vault, Rotten Tomatoes Channel, and NBC LX Home.
Todd Mathers, Senior Vice President of content strategy and acquisition at FuboTV, expressed excitement about delivering a full suite of channels that spans various genres. Matt Farina, Senior Vice President of NBCUniversal content distribution, also conveyed enthusiasm for the launch, aiming to connect with long-time fans and new viewers alike.
FuboTV's mission is to combine premium sports, news, and entertainment content through a single app. In the U.S., Fubo aggregates over 400 live sports, news, and entertainment networks. It stands out as the only live TV streaming platform with every Nielsen-rated sports channel, according to Nielsen Total (EPA:TTEF) Viewers in 2023.
This expansion is part of FuboTV's ongoing strategy to provide a comprehensive and personalized streaming experience, leveraging its proprietary data and technology platform optimized for live TV and sports viewership.
The information in this article is based on a press release statement from FuboTV.
In other recent news, FuboTV Inc. has shown robust performance in the third quarter of 2024, with a 21% year-over-year growth in total revenue, reaching $377 million, and a 9% rise in paid subscribers, totaling 1.613 million. The company also reported a near $100 million year-over-year improvement in adjusted EBITDA. However, FuboTV faced an 11% dip in advertising revenue due to challenging year-over-year comparisons.
In addition to these financial metrics, FuboTV introduced new interactive Connected TV ad formats designed to enhance audience engagement and potentially increase purchase intent. The company also announced its Q4 2024 North America subscriber projections between 1.665 million and 1.705 million, with revenue guidance ranging from $426 million to $446 million. Other recent developments include the company's engagement in an antitrust lawsuit against major media companies, with a trial scheduled for October 2025.
These recent developments underscore FuboTV's resilience and adaptability in the fast-paced streaming industry. Despite facing challenges, the company continues to innovate and evolve, demonstrating its commitment to growth and market competitiveness.
InvestingPro Insights
As FuboTV expands its content offerings through the partnership with NBCUniversal, investors should consider some key financial metrics and insights from InvestingPro.
FuboTV's revenue growth remains strong, with a 24.45% increase in the last twelve months as of Q3 2024, reaching $1.59 billion. This aligns with the company's strategy to enhance its content lineup and attract more subscribers. However, the company faces significant financial challenges that could impact its ability to capitalize on content expansions.
InvestingPro Tips highlight that FuboTV is "quickly burning through cash" and "may have trouble making interest payments on debt." These factors could potentially hinder the company's ability to invest in content acquisitions and technology improvements in the long term.
Despite the revenue growth, FuboTV's gross profit margin stands at a low 10.75%, which an InvestingPro Tip notes as "weak gross profit margins." This could limit the company's ability to generate substantial profits from its expanding subscriber base and content offerings.
It's worth noting that FuboTV's stock price has fallen significantly over the last year, with a -53.9% total return. This decline might reflect investor concerns about the company's financial health and path to profitability.
For investors seeking a more comprehensive analysis, InvestingPro offers 13 additional tips for FuboTV, providing a deeper understanding of the company's financial position and market performance.
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