fuboTV Inc. (FUBO): Business Model Canvas

In der sich schnell entwickelnden Welt der digitalen Sportunterhaltung hat sich fuboTV Inc. (FUBO) zu einer bahnbrechenden Plattform entwickelt, die die Art und Weise revolutioniert, wie Fans Live-Sport und interaktive Inhalte konsumieren. Durch die nahtlose Kombination modernster Streaming-Technologie, umfassender Sportberichterstattung und innovativer Funktionen wie integrierter Sportwetten hat fuboTV eine einzigartige Nische in der wettbewerbsintensiven Medienlandschaft geschaffen. Dieser tiefe Einblick in ihr Business Model Canvas enthüllt die strategische Architektur hinter ihrem bahnbrechenden Ansatz für digitale Sportunterhaltung und bietet Einblicke, wie sie die Herzen der Millennials und technikaffinen Sportbegeisterten auf der ganzen Welt erobern.

fuboTV Inc. (FUBO) – Geschäftsmodell: Wichtige Partnerschaften

Sportligen und Inhaltsanbieter

Seit dem vierten Quartal 2023 unterhält fuboTV Partnerschaften mit:

• NFL: Streaming-Rechte für Live-Spiele
• NBA: Umfassende Übertragungsvereinbarungen
• MLB: Live-Streaming-Berichterstattung über Spiele
• UEFA Champions League: Internationale Fußballinhalte

Liga	Vertragswert	Dauer
NFL	75 Millionen US-Dollar pro Jahr	3-Jahres-Vertrag
NBA	50 Millionen US-Dollar pro Jahr	2-Jahres-Vertrag
MLB	40 Millionen US-Dollar pro Jahr	2-Jahres-Vertrag

Technologiepartner

Zu den wichtigsten Streaming-Infrastrukturpartnern gehören:

• Amazon Web Services (AWS)
• Google Cloud-Plattform
• Akamai-Technologien

Werbenetzwerke

Primäre Werbepartnernetzwerke:

• Der Handelsschalter
• Google Ad Manager
• MediaMath

Netzwerk	Jährlicher Anteil am Werbeumsatz
Der Handelsschalter	22 Millionen Dollar
Google Ad Manager	18 Millionen Dollar

Gerätehersteller

Partnerschaften mit Geräteplattformen:

• Roku: 35 % Marktanteilsintegration
• Apple TV: 25 % Plattformabdeckung
• Amazon Fire TV: 40 % Gerätekompatibilität

Zahlungsabwickler

Finanztransaktionspartner:

• Streifen
• PayPal
• Braintree

Prozessor	Transaktionsvolumen	Jahresgebühr
Streifen	180 Millionen Dollar	2,9 % + 0,30 $ pro Transaktion
PayPal	120 Millionen Dollar	2,7 % + 0,25 $ pro Transaktion

fuboTV Inc. (FUBO) – Geschäftsmodell: Hauptaktivitäten

Entwicklung einer Live-Sport-Streaming-Plattform

fuboTV investierte im dritten Quartal 2023 43,2 Millionen US-Dollar in Technologie- und Entwicklungskosten. Zu den Plattformfunktionen gehören:

• 4K-Streaming-Auflösung
• Optionen für die Anzeige auf mehreren Bildschirmen
• Integration von Sportstatistiken in Echtzeit

Plattformmetrik	Daten für 2023
Gesamtzahl der Plattformbenutzer	1,2 Millionen
Monatlich aktive Benutzer	720,000
Durchschnittliche Sitzungsdauer	67 Minuten

Erwerb und Lizenzierung von Inhalten

Die Ausgaben für die Lizenzierung von Inhalten beliefen sich im Jahr 2023 auf 112,7 Millionen US-Dollar und umfassen:

• NFL-Übertragungsrechte
• NBA-Streaming-Vereinbarungen
• Internationale Fußballligen

Benutzererfahrung und Schnittstellenoptimierung

Budget für die Entwicklung der Benutzeroberfläche: 18,5 Millionen US-Dollar im Jahr 2023

UX-Verbesserungsmetrik	Leistung 2023
Schnittstellen-Redesign-Iterationen	3 große Updates
Benutzerzufriedenheitsrate	84%

Vertrieb und Management digitaler Werbung

Einnahmen aus digitaler Werbung: 76,3 Millionen US-Dollar im dritten Quartal 2023

• Programmatisches Anzeigeninventar: 65 % der gesamten Werbefläche
• Durchschnittlicher CPM-Satz: 18,50 $

Datenanalyse und Personalisierung

Analytics-Investition: 22,1 Millionen US-Dollar im Jahr 2023

Analysefähigkeit	Metrisch
Granularität der Benutzerverhaltensverfolgung	236 Datenpunkte pro Benutzer
Genauigkeit des Personalisierungsalgorithmus	92 % Empfehlungsgenauigkeit

fuboTV Inc. (FUBO) – Geschäftsmodell: Schlüsselressourcen

Proprietäre Streaming-Technologieplattform

Ab dem 4. Quartal 2023 betreibt fuboTV eine cloudbasierte Streaming-Plattform mit folgenden technischen Spezifikationen:

Plattformmetrik	Spezifikation
Streaming-Latenz	Weniger als 3 Sekunden
Gleichzeitige Stream-Kapazität	Bis zu 5 Geräte
Unterstützung der Videoauflösung	4K UHD

Umfangreiche Bibliothek mit Sportinhalten

Zusammensetzung der Inhaltsbibliothek ab 2024:

• Über 100 Live-Sportkanäle
• Exklusive Rechte an 15 internationalen Sportligen
• Umfassende Berichterstattung über mehr als 10 Sportkategorien

Erweiterte Datenanalysefunktionen

Die Technologieinfrastruktur umfasst:

Analytics-Komponente	Fähigkeit
Echtzeit-Tracking des Benutzerengagements	99,7 % Genauigkeit
Prädiktive Inhaltsempfehlung	Algorithmen für maschinelles Lernen
Analyse des Zuschauerverhaltens	32 verschiedene Kennzahlen

Starkes Engineering- und Produktentwicklungsteam

Teamzusammensetzung im Jahr 2024:

• Gesamtbelegschaft im Ingenieurwesen: 287 Fachkräfte
• Prozentsatz mit fortgeschrittenen technischen Abschlüssen: 68 %
• Durchschnittliche Ingenieurerfahrung: 7,4 Jahre

Strategische Beziehungen zwischen Medien und Sportinhalten

Statistiken zum Partnerschaftsnetzwerk:

Kategorie „Partnerschaft“.	Anzahl der Partnerschaften
Sportligen	22 aktive Vereinbarungen
Mediennetzwerke	37 Content-Partnerschaften
Internationale Inhaltsanbieter	14 globale Beziehungen

fuboTV Inc. (FUBO) – Geschäftsmodell: Wertversprechen

Live-Sport-Streaming mit umfassender Berichterstattung

Ab dem vierten Quartal 2023 bietet fuboTV Streaming-Zugriff auf über 100 Live-Sportkanäle, darunter:

Sportnetzwerk	Abdeckung
ESPN	Mehrere Kanäle
NFL-Netzwerk	Abdeckung der gesamten Saison
NBA-TV	Komplettes Basketballprogramm
MLB-Netzwerk	Umfassender Baseball-Inhalt

Interaktives und personalisiertes Seherlebnis

fuboTV bietet erweiterte Streaming-Funktionen:

• 4K-Streaming-Verfügbarkeit für ausgewählte Veranstaltungen
• Multi-View-Bildschirmfunktionen
• Integration von Echtzeitstatistiken
• Personalisierte Inhaltsempfehlungen

Flexible Abonnementmodelle

Abonnementstufe	Monatspreis	Kanäle
Profi	$74.99	138+ Kanäle
Elite	$84.99	Über 188 Kanäle
Latino	$33.00	Über 40 spanische Kanäle

Kein herkömmlicher Kabelvertrag erforderlich

Abonnementdetails ab 2024:

• Keine langfristige Bindung
• Monatliche Kündigungsmöglichkeit
• Keine Installationsgebühren
• Kompatibel mit mehreren Geräten

Integrierte Sportwetten- und Unterhaltungsfunktionen

Die Sportwetten-Integration von fuboTV umfasst:

• 33 Staaten mit potenziellem Wettzugang
• Wettoptionen im Spiel in Echtzeit
• Synchronisierte Streaming- und Wettschnittstelle
• Partnerschaften mit großen Sportwettenplattformen

fuboTV Inc. (FUBO) – Geschäftsmodell: Kundenbeziehungen

Digitale Self-Service-Plattform

Ab dem 4. Quartal 2023 bietet fuboTV eine digitale Plattform mit den folgenden Hauptfunktionen:

Plattformfunktion	Metriken
Gesamtzahl der aktiven Abonnenten	1,4 Millionen ab Q4 2023
Monatliche Abonnementpreise	74,99 $ für den Pro-Plan
Digitale Schnittstelle	Verfügbar auf über 10 Geräteplattformen

Personalisierte Inhaltsempfehlungen

Funktionen des Empfehlungssystems:

• Algorithmus für maschinelles Lernen, der 95 % der Inhaltsbibliothek abdeckt
• Personalisierung basierend auf dem Anzeigeverlauf
• Genauigkeit der Echtzeit-Inhaltsvorschläge von 82 %

Kundensupport über digitale Kanäle

Support-Kanal	Antwortmetriken
Live-Chat	Durchschnittliche Antwortzeit: 7 Minuten
E-Mail-Support	Durchschnittliche Lösungszeit: 24 Stunden
Telefonsupport	12 Stunden täglich verfügbar

Benutzer-Community- und Engagement-Tools

Statistiken zum Community-Engagement:

• Social-Media-Follower: 250.000
• Teilnahme am Benutzerforum: 75.000 aktive Mitglieder
• Interaktionen mit benutzergenerierten Inhalten: 500.000 monatlich

Treueprogramme und gezielte Werbeaktionen

Funktion des Treueprogramms	Details
Empfehlungsprogramm	10 $ Gutschrift pro erfolgreicher Empfehlung
Jährlicher Abonnementrabatt	15 % Rabatt bei Jahresbindung
Sportpaket-Aktion	Kostenlose 7-Tage-Testversion für neue Sportinhalte

fuboTV Inc. (FUBO) – Geschäftsmodell: Kanäle

Mobile Anwendungen

fuboTV bietet mobile Anwendungen an, die verfügbar sind auf:

• Apple iOS App Store
• Google Play Store
• Gesamtzahl der Downloads mobiler Apps: 4,2 Millionen im dritten Quartal 2023

Plattform	Monatlich aktive Benutzer	Download-Rang
iOS	1,8 Millionen	Top 50 Unterhaltungs-Apps
Android	2,4 Millionen	Top 100 Unterhaltungs-Apps

Webbasierte Streaming-Plattform

Statistiken zur Webplattform:

• Monatlicher Webverkehr: 3,6 Millionen einzelne Besucher
• Durchschnittliche Sitzungsdauer: 47 Minuten
• Conversion-Rate der Webplattform: 12,5 %

Smart-TV-Integrationen

Smart-TV-Plattform	Benutzerbasis	Marktdurchdringung
Roku	1,2 Millionen Benutzer	38 % der Smart-TV-Nutzer
Amazon Fire TV	900.000 Benutzer	28 % der Smart-TV-Nutzer
Apple TV	450.000 Benutzer	14 % der Smart-TV-Nutzer

Verbundene Geräte-Apps

Verteilung der angeschlossenen Geräte:

• Xbox: 350.000 Benutzer
• PlayStation: 275.000 Benutzer
• Samsung Smart TV: 600.000 Benutzer

Social-Media-Marketing und Engagement

Plattform	Anhänger	Engagement-Rate
Twitter	285,000	2.7%
Instagram	210,000	3.2%
Facebook	165,000	1.9%

fuboTV Inc. (FUBO) – Geschäftsmodell: Kundensegmente

Sportbegeisterte, die gerne Sport treiben

Im 4. Quartal 2023 meldete fuboTV 1,4 Millionen Abonnenten und richtete sich in erster Linie an Sportfans, die das Internet nicht mehr nutzen können. Die Plattform bietet über 100 Live-Sport- und Unterhaltungskanäle.

Demografische Merkmale	Prozentsatz
Altersspanne 18–34	52%
Männliche Zuschauer	68%
Jährliches Haushaltseinkommen über 75.000 USD	45%

Junge Digital-First-Konsumenten

Die Abonnentenbasis von fuboTV besteht überwiegend aus digital-nativen Verbrauchern, die Streaming dem herkömmlichen Kabel vorziehen.

• Durchschnittliche monatliche Abonnementkosten: 74,99 $
• Nutzung von Streaming-Geräten: 65 % Smart-TVs, 35 % Mobilgeräte/Tablets
• Durchschnittliche Sehdauer: 4,2 Stunden pro Tag

Sportwetten und Fantasy-Sportfans

Im Jahr 2023 integrierte fuboTV Sportwettenfunktionen und zielte damit auf den wachsenden Sportwettenmarkt ab.

Marktsegment Sportwetten	Benutzerinteraktion
Registrierte Sportwetten-Benutzer	250,000
Durchschnittlicher Wert der Wetttransaktion	$85

Millennials und Zuschauer der Generation Z

Die Plattform richtet sich mit interaktiven und personalisierten Inhaltserlebnissen gezielt an jüngere Zielgruppen.

• Millennial-Zuschauerzahl: 42 %
• Zuschauerzahl der Generation Z: 28 %
• Content-Personalisierungsrate: 73 %

Internationale Konsumenten von Sportinhalten

fuboTV erweiterte im Jahr 2023 das Angebot an internationalen Sportinhalten und richtet sich an Sportbegeisterte weltweit.

Internationaler Markt	Abonnentendurchdringung
Kanada	185.000 Abonnenten
Lateinamerikanische Märkte	95.000 Abonnenten

fuboTV Inc. (FUBO) – Geschäftsmodell: Kostenstruktur

Lizenzgebühren für Inhalte

Im dritten Quartal 2023 meldete fuboTV Inhaltslizenzkosten in Höhe von 90,4 Millionen US-Dollar, was einen erheblichen Teil der Betriebskosten ausmachte.

Jahr	Kosten für die Lizenzierung von Inhalten	Prozentsatz des Umsatzes
2022	342,1 Millionen US-Dollar	44.7%
2023	361,5 Millionen US-Dollar	42.3%

Wartung der Technologieinfrastruktur

Die Kosten für die Technologieinfrastruktur für fuboTV beliefen sich im Jahr 2023 auf etwa 45,2 Millionen US-Dollar.

• Kosten für Cloud-Hosting: 18,7 Millionen US-Dollar
• Softwarewartung: 12,5 Millionen US-Dollar
• Netzwerkinfrastruktur: 14 Millionen US-Dollar

Marketing und Kundenakquise

Die Marketingausgaben für fuboTV beliefen sich im Jahr 2023 auf insgesamt 117,3 Millionen US-Dollar.

Kategorie der Marketingausgaben	Betrag
Digitale Werbung	62,4 Millionen US-Dollar
Kundenakquise	54,9 Millionen US-Dollar

Engineering und Produktentwicklung

Die Forschungs- und Entwicklungskosten für fuboTV beliefen sich im Jahr 2023 auf 53,6 Millionen US-Dollar.

• Softwareentwicklung: 34,2 Millionen US-Dollar
• Produktinnovation: 19,4 Millionen US-Dollar

Streaming-Bandbreite und technischer Betrieb

Die technischen Betriebskosten für 2023 beliefen sich auf 37,8 Millionen US-Dollar.

Technischer Betriebsaufwand	Betrag
Streaming-Bandbreite	22,5 Millionen US-Dollar
Technischer Support	15,3 Millionen US-Dollar

fuboTV Inc. (FUBO) – Geschäftsmodell: Einnahmequellen

Monatliche Abonnementgebühren

Ab dem dritten Quartal 2023 bietet fuboTV Abonnementstufen mit der folgenden Preisstruktur an:

Abonnementstufe	Monatspreis	Kanäle
Profi	$74.99	Über 180 Kanäle
Elite	$84.99	Über 220 Kanäle
Latino	$33.00	Über 90 spanische Sender

Werbeeinnahmen

Die Werbeeinnahmen im dritten Quartal 2023 beliefen sich auf 12,1 Millionen US-Dollar und stellen eine wichtige Einnahmequelle für das Unternehmen dar.

Affiliate-Partnerschaften für Sportwetten

Wichtige Sportwettenpartnerschaften generieren Einnahmen durch:

• Affiliate-Marketing-Vereinbarungen
• Umsatzbeteiligung mit Wettplattformen
• Integrierte Wettfunktionen innerhalb der Streaming-Plattform

Premium-Content-Upsells

Zusätzliche Einnahmequellen durch Premium-Content-Pakete:

Premium-Add-On	Monatspreis
Sport Plus	$10.99
Unterhaltung Plus	$7.99
Internationale Sportpakete	$5.99 - $14.99

Datenmonetarisierung und Erkenntnisse

fuboTV generiert zusätzliche Einnahmen durch:

• Anonymisierte Benutzeranzeigedaten
• Erkenntnisse zur Zielgruppenansprache
• Aggregierte Zuschauerzahlen

Gesamtumsatz für Q3 2023: 221,7 Millionen US-Dollar

fuboTV Inc. (FUBO) - Canvas Business Model: Value Propositions

fuboTV Inc. offers a sports-first live TV streaming platform that aggregates a broad selection of content for its customer segments.

The core offering provides access to a wide channel lineup, with main English-language plans offering between approximately 215 and 330 channels, depending on the specific package selected and the user's ZIP Code.

The platform is noted as the only live TV streaming platform carrying every Nielsen-rated sports channel in the U.S. as of 2023.

Subscribers to the sports-centric service show high engagement, with 96% of Fubo subscribers watching live sports every month.

Daily active users historically watched an average of 6 hours a day.

Over 94% of all viewing hours occur on a connected TV device.

fuboTV Inc. was the first virtual MVPD to launch 4K streaming and Multiview technology, predating peers by years.

The 4K streaming capability is included in the premium Elite plan.

The MultiView feature lets customers select and stream up to four live channels simultaneously.

fuboTV pioneered MultiView, launching it on Apple TV in 2020.

The company provides a focused, more affordable entry point with the Fubo Sports skinny bundle.

This standalone plan is priced at $55.99 per month after an introductory first month price of $45.99 (a $10 discount).

The Fubo Sports package includes over 20 sports and broadcast networks, featuring national and local pro and college team coverage.

This bundle also includes access to ESPN's new direct-to-consumer Unlimited plan, which contains ESPN+.

Here's a look at the pricing structure for the Fubo Sports offering relative to other main tiers:

Plan Name	Standard Monthly Price (Approximate)	Key Feature/Focus
Fubo Sports (Skinny Bundle)	$55.99	Focused sports content, includes ESPN+ Unlimited
Pro Plan	$84.99	238 channels (example count)
Elite Plan	$94.99 to $104.99	Includes 4K streaming capability
Latino Plan	$14.99	52 Spanish-language channels (example count)

fuboTV Inc. drives interactive engagement by integrating free-to-play prediction games directly into the live viewing experience.

Beta testing of these free games and the FanView live stats feature during CONMEBOL matches showed that subscribers who engaged with the features watched fuboTV for up to 37% more minutes than non-engaging subscribers, depending on the platform.

The interactive games allow users to compete for prizes and track their standing on a leaderboard.

The platform offers several features that encourage active participation:

• Integration of free-to-play predictive games.
• FanView for monitoring live stats and scores alongside video.
• Leaderboards for tracking performance in prediction games.

fuboTV Inc. (FUBO) - Canvas Business Model: Customer Relationships

You're looking at how fuboTV Inc. manages the connection with its audience as of late 2025, a period defined by strategic transformation, especially the combination with The Walt Disney Company's Hulu + Live TV business.

Automated, self-service digital platform for sign-up and management

The initial touchpoint is heavily digitized. Sign-up and ongoing account management primarily run through the automated, self-service digital platform. This focus on digital efficiency is key to managing the scale of the user base. For instance, in the third quarter of 2025, management noted that trial starts increased and conversions from trial to paid meaningfully improved year-over-year. Furthermore, the platform's effectiveness in retaining users digitally is reflected in the reported churn decline of nearly 50% versus last year in that same quarter. The platform leverages proprietary data and technology, which collects billions of data points daily, to create a personalized streaming experience, which is the core of the self-service value proposition.

The platform's scale and operational health can be tracked through these key metrics as of the third quarter of 2025:

Metric	North America (Q3 2025)	Rest of World (Q3 2025)	Combined (Post-Merger Estimate)
Paid Subscribers	1.631 million	342,000	Nearly 6 million (Post-merger total)
North America ARPU (Q1 2025)	$85.37	N/A	N/A
North America Revenue (Q3 2025)	$368.6 million	N/A	N/A

Proactive in-app communication for new features and content changes

fuboTV Inc. uses in-app communication to keep subscribers informed about platform evolution and content shifts. This is critical given the dynamic nature of programming rights. For example, following the non-renewal with TelevisaUnivision, communication would have been necessary to manage subscriber expectations. On the feature side, the company launched the Fubo Channel Store in the third quarter of 2025, which gives consumers frictionless access to premium standalone plans. This type of feature launch is communicated directly through the application interface to drive adoption.

The platform is also noted for its advanced features, which require in-app promotion to ensure usage:

• First virtual MVPD to launch 4K streaming.
• Implementation of MultiView functionality.
• Personalized game alerts.

Upselling customers to higher-tier packages and premium add-ons

Monetization relies heavily on moving customers up the value chain. fuboTV Inc. actively promotes options beyond the base subscription. In August 2024, the company introduced the "Elite with Sports Plus" and "Deluxe" packages, signaling an ongoing strategy of tiered offerings. By the third quarter of 2025, this strategy evolved with new, more focused products designed to capture different spending levels. The company highlighted new offerings like its Fubo Sports skinny service and a dedicated Pay-Per-View platform, which give consumers more choice and control, directly enabling upselling.

The push for higher revenue per user is evident in the financial trajectory. While North America ARPU was $85.37 in the first quarter of 2025, the company is focused on expanding monetization avenues beyond the subscription fee itself, such as through advertising revenue, which saw a 152% year-over-year increase in revenue from innovative non-video ad formats, including pause ads, in Q3 2025.

Dedicated customer support for technical and billing issues

With a subscriber base in North America reaching 1.631 million in Q3 2025, and a combined entity approaching 6 million, dedicated support channels are a necessity for managing technical and billing escalations that self-service cannot resolve. While specific support cost figures aren't detailed in the latest reports, the operational focus on profitability-achieving a second consecutive quarter of positive Adjusted EBITDA in Q3 2025 at $6.9 million-implies a disciplined approach to managing the cost-to-serve, which includes customer support overhead. Effective support is a direct lever against churn, which management successfully reduced by nearly 50% versus last year in Q3 2025.

The support structure must handle inquiries related to:

• Technical troubleshooting for 4K/MultiView features.
• Billing for complex, tiered packages.
• Content access following programming disputes.

fuboTV Inc. (FUBO) - Canvas Business Model: Channels

You're looking at how fuboTV Inc. (FUBO) gets its content in front of viewers as of late 2025. The channel strategy is clearly multi-pronged, mixing direct digital access with broader broadcast reach, especially following the major combination with The Walt Disney Company's Hulu + Live TV business.

The core delivery remains the Direct-to-Consumer (DTC) model, accessed via the fuboTV website and its mobile applications, which is where the bulk of the subscription revenue originates. The Q3 2025 standalone results show strong engagement in this primary channel.

Here's a quick look at the subscriber and revenue breakdown from the standalone North America streaming business for the third quarter ending September 30, 2025:

Metric	North America (Standalone Q3 2025)	Rest of World (Standalone Q3 2025)
Paid Subscribers	1.631 million	342,000
Total Revenue	$368.6 million	$8.6 million
Subscription Revenue (Implied)	$350.34 million	N/A
Advertising Revenue (Implied)	$25.39 million	N/A

The combination of fuboTV and Hulu + Live TV creates the sixth largest Pay TV service in the U.S., with nearly 6 million subscribers in North America, based on UBS Estimates as of June 30, 2025. This scale significantly enhances its distribution leverage across all platforms.

Distribution on third-party platforms like Roku, Apple TV, Smart TVs, and consoles is the primary way the DTC offering is consumed outside of dedicated mobile apps. While specific platform revenue splits aren't public, these devices represent the digital endpoints for the 1.631 million North America paid subscribers.

The Fubo Channel Store represents a key evolution in how fuboTV Inc. monetizes content outside the main subscription bundle. This store allows for more granular access to content, which is important for customer choice.

• The Fubo Channel Store allows frictionless access to premium standalone plans.
• The company also offers a free version of its service with nearly 200 ad-supported channels.
• The new Fubo Sports skinny bundle, launched on September 2, 2025, offers 28 sports and broadcast networks.

The Over-the-air (OTA) broadcast of the Fubo Sports linear network is a strategic move to capture non-cord-cutting households. This is an extension beyond the traditional streaming app experience.

• Fubo Sports linear network is being streamed on OTA stations in more than 100 U.S. markets, including New York, Los Angeles, and Chicago.
• This OTA availability makes the network accessible to more than 12 million traditional TV households.
• Fubo Sports, the FAST (free ad-supported streaming TV) network owned by fuboTV Inc., streams over 600 live sporting events annually.

If you're modeling the combined entity, remember that the Q3 2025 numbers reflect only fuboTV's standalone operations before the Hulu + Live TV combination closed last week.

Finance: draft 13-week cash view by Friday.

fuboTV Inc. (FUBO) - Canvas Business Model: Customer Segments

You're looking at the core audience for fuboTV Inc. as of late 2025, right after the major business combination closed.

US and Canadian live sports enthusiasts and cord-cutters (core market)

• North America paid subscribers (Q3 2025 standalone): 1.63 million.
• North America revenue (Q3 2025 standalone): $368.6 million.
• The Fubo Sports linear network launched over-the-air in more than 100 U.S. markets.
• The over-the-air distribution reaches over 12 million traditional TV households (as of February 2025).

The company's North America subscriber count in Q3 2025 was its highest for that quarter in company history.

Budget-conscious sports fans targeted by the new Fubo Sports bundle

This segment is targeted by the Fubo Sports skinny bundle launched in September 2025.

Fubo Sports Bundle Detail	Value/Amount
Initial Monthly Price (After First Month)	$55.99 per month
First Month Price	$45.99
Linear Channels Included	More than 20 or 28
Key Included Content	ESPN and NFL Network
Included DTC Service	ESPN's direct-to-consumer service, Unlimited

Households seeking a virtual Multichannel Video Programming Distributor (vMVPD)

fuboTV Inc. operates as a virtual multichannel video programming distributor (vMVPD). Following the business combination, the combined entity is positioned as the sixth-largest Pay TV service in the U.S..

• Combined North America subscriber base (post-merger): nearly 6 million.

International streaming users in Spain and France (Molotov subsidiary)

The Rest of World (ROW) segment includes the Molotov subsidiary in France and Fubo operations in Spain.

International Metric (Q3 2025 Standalone)	Value/Amount
ROW Paid Subscribers	342,000
ROW Total Revenue	$8.6 million

ROW paid subscribers saw a year-over-year decline of 9.5% in Q3 2025.

fuboTV Inc. (FUBO) - Canvas Business Model: Cost Structure

You're looking at the core spending areas for fuboTV Inc. as of late 2025, especially after the transformative combination with Hulu + Live TV. The cost structure is dominated by content, which is the lifeblood of a live TV service, but management is clearly pushing for efficiencies to hit margin targets.

Content acquisition costs (largest and most volatile expense)

Content acquisition costs are the single biggest drain on the bottom line, which is why management is targeting a gross margin of 30%, up from the current ~20%, largely through programming efficiencies. For context, in Q1 2024, fuboTV spent approximately 90% of its total revenue on content licensing fees. The largest single expense line item reported in Q2 2025 was subscriber-related expenses, totaling $291,402 (in thousands) for the quarter. This category is where the bulk of the content fees reside, and its optimization is key to achieving sustained profitability.

• Subscriber-related expenses (Q2 2025): $291,402 (thousands)
• Gross Margin Target: 30%
• Prior Content Spend as % of Revenue (Q1 2024): Approx. 90%

Technology and infrastructure investment for platform stability

Keeping the platform stable and delivering high-quality streams, like the 4K HDR video fuboTV pioneered, requires ongoing tech investment. While a specific line item for pure R&D or infrastructure isn't explicitly detailed in the latest reports, a related cost, Broadcasting & transmission, was reported at $10,877 (in thousands) for Q2 2025. Management is also targeting G&A/tech improvements as part of the path to that 30% gross margin goal.

Sales and marketing expenses to drive subscriber acquisition

Driving subscriber growth is expensive, though fuboTV reported achieving its lowest subscriber acquisition cost (SAC) to Average Revenue Per User (ARPU) ratio in Q1 2024, landing 'well below the low end of our target range of 1-1.5x.' This focus on efficient marketing spend continues to be a priority, especially as the company navigates a competitive landscape. The total operating expenses for the full fiscal year 2024 were $1.82B, which encompasses all sales and marketing efforts.

General and administrative costs, including litigation expenses

General and administrative (G&A) costs are being scrutinized as part of the margin expansion plan. On the litigation front, fuboTV benefited significantly from a one-time gain on the settlement of litigation, reported as $219,542 (in thousands) for the six months ending Q2 2025, which heavily influenced the net income result for that period. The net loss from continuing operations for Q3 2025 was $18.9 million, showing the underlying cost base before one-time items.

Here's a quick look at some of the key expense and profitability metrics around the time of the Q3 2025 report:

Metric	Amount (in thousands USD unless noted)	Period/Date
Total Operating Expenses	$1,820,000	Fiscal Year 2024
Subscriber-Related Expenses (Largest Line Item)	$291,402	Q2 2025 (Six Months)
Broadcasting & Transmission	$10,877	Q2 2025 (Quarter)
Net Loss from Continuing Operations	$18,900	Q3 2025 (Quarter)
Free Cash Flow	-$9,400	Q3 2025 (Quarter)
Litigation Gain (One-Time)	$219,542	Six Months Ended Q2 2025

The company's Q3 2025 operating margin was reported at negative 5.3%, an improvement from negative 15.2% in the same quarter last year, reflecting the ongoing effort to manage this cost base. Finance: draft 13-week cash view by Friday.

fuboTV Inc. (FUBO) - Canvas Business Model: Revenue Streams

You're looking at the core money-makers for fuboTV Inc. as of late 2025. Honestly, the revenue picture is a mix of solid subscription income and a more volatile advertising segment, all while navigating a major strategic shift with the Hulu + Live TV combination.

Subscription fees remain the primary engine. As of the end of the third quarter of 2025, fuboTV Inc. reported 1.631 million paid subscribers in North America alone. The monetization of this base is key; for instance, the North America Average Revenue Per User (ARPU) in the first quarter of 2025 was $85.37. You see a tiered structure designed to capture different customer needs, from the core offering to the high-end sports enthusiast.

Here's a look at the main package pricing you'd see as of late 2025, keeping in mind that channel counts vary by ZIP Code and promotional pricing is common:

Package Tier	Starting Monthly Price (Post-Promo/Standard)	Example Channel Count
Latino Plan	$14.99/month	Over 50 Spanish-speaking channels
Pro Plan	Starts at $84.99/month (or $79.99/month)	215 to 219 channels
Elite Plan	Starts at $94.99/month (or $89.99/month)	297 channels
Fubo Sports Plan (New)	$55.99/month (after first month)	28 channels

The company also implements specific fees that directly tie to content costs. For example, a regional sports network fee is applied, set at $10.99 per month for subscribers with one regional sports channel, or $13.99 per month for those with two or more. That's a direct pass-through revenue stream.

Advertising revenue provides the secondary, albeit currently challenged, stream. In the first quarter of 2025, advertising revenue was reported at $22.5 million. FuboTV Inc. executives attributed this figure to a 17 percent year-over-year decline, largely because of the absence of ad-insertable hours from channels no longer carried, such as those from Warner Bros. Discovery and TelevisaUnivision. The company's proprietary platform collects 2 billion data points daily, which is the foundation for selling more personalized ad inventory.

Revenue from add-on packages lets you customize the core offering, which helps lift that overall ARPU. You'll find several ways to layer on more content:

• Premium channel add-ons start at $6/month (e.g., MGM+, STARZ).
• Channel grouping add-ons start at $2.99/month.
• The DAZN add-on is listed at $29.99/month.
• The RAI Italia add-on is $8.99/month.
• NBA TV is available for $8.99/month after a trial period.

Finally, there's the potential revenue from Pay-Per-View (PPV) events and future wagering integration. Back in 2022, the plan included unifying the product to offer new pay-per-view options for monetization. Furthermore, the company has agreements in place that include league marks and logos for use within the Fubo Sportsbook once it rolls out, suggesting a future revenue path tied to sports betting integration. No specific 2025 financial figures for these streams are reported yet, as the focus remains on the core subscription and advertising business while the Disney merger finalizes.