FUBOTV Inc. (FUBO): Modelo de negócios Canvas [Jan-2025 Atualizado]

No mundo em rápida evolução do Digital Sports Entertainment, a Fubotv Inc. (FUBO) emergiu como uma plataforma inovadora, revolucionando como os fãs consomem esportes ao vivo e conteúdo interativo. Ao misturar perfeitamente a tecnologia de streaming de ponta, cobertura esportiva abrangente e recursos inovadores, como apostas esportivas integradas, a FUBOTV criou um nicho único no cenário competitivo da mídia. Esse mergulho profundo em seu modelo de negócios Canvas revela a arquitetura estratégica por trás de sua abordagem disruptiva ao entretenimento esportivo digital, oferecendo informações sobre como estão capturando o coração dos millennials e entusiastas esportivos que cortes de cordas e tecnologia,

Fubotv Inc. (FUBO) - Modelo de negócios: Parcerias -chave

Ligas esportivas e provedores de conteúdo

A partir do quarto trimestre 2023, a FUBOTV tem parcerias com:

• NFL: Direitos de streaming para jogos ao vivo
• NBA: Acordos abrangentes de transmissão
• MLB: Cobertura de streaming de jogos ao vivo
• Liga dos Campeões da UEFA: conteúdo internacional de futebol

Liga	Valor do contrato	Duração
NFL	US $ 75 milhões anualmente	Contrato de 3 anos
NBA	US $ 50 milhões anualmente	Contrato de 2 anos
Mlb	US $ 40 milhões anualmente	Contrato de 2 anos

Parceiros de tecnologia

Os principais parceiros de infraestrutura de streaming incluem:

• Amazon Web Services (AWS)
• Plataforma do Google Cloud
• Akamai Technologies

Redes de publicidade

Redes de parceria de publicidade primária:

• A mesa de comércio
• Google Ad Manager
• MediaMath

Rede	Participação anual de receita de anúncios
A mesa de comércio	US $ 22 milhões
Google Ad Manager	US $ 18 milhões

Fabricantes de dispositivos

Parcerias de plataforma de dispositivo:

• Roku: 35% de integração de participação de mercado
• Apple TV: cobertura de plataforma de 25%
• Amazon Fire TV: 40% de compatibilidade do dispositivo

Processadores de pagamento

Parceiros de transação financeira:

• Listra
• PayPal
• Braintree

Processador	Volume de transação	Taxa anual
Listra	US $ 180 milhões	2,9% + $ 0,30 por transação
PayPal	US $ 120 milhões	2,7% + $ 0,25 por transação

Fubotv Inc. (FUBO) - Modelo de negócios: Atividades -chave

Desenvolvimento de plataforma de streaming de esportes ao vivo

A FUBOTV investiu US $ 43,2 milhões em despesas de tecnologia e desenvolvimento no terceiro trimestre de 2023. Os recursos da plataforma incluem:

• Resolução de streaming de 4K
• Opções de visualização de várias telas
• Integração de estatísticas esportivas em tempo real

Métrica da plataforma	2023 dados
Usuários totais da plataforma	1,2 milhão
Usuários ativos mensais	720,000
Duração média da sessão	67 minutos

Aquisição e licenciamento de conteúdo

As despesas com licenciamento de conteúdo atingiram US $ 112,7 milhões em 2023, cobrindo:

• Direitos de transmissão da NFL
• Acordos de streaming da NBA
• Ligas internacionais de futebol

Experiência do usuário e otimização de interface

Orçamento de desenvolvimento da interface do usuário: US $ 18,5 milhões em 2023

Métrica de melhoria de UX	2023 desempenho
Interface Redesenhe iterações	3 grandes atualizações
Taxa de satisfação do usuário	84%

Vendas de publicidade digital e gerenciamento

Receita de publicidade digital: US $ 76,3 milhões no terceiro trimestre de 2023

• Inventário de anúncios programáticos: 65% do espaço total de anúncio
• Taxa média de CPM: US $ 18,50

Análise de dados e personalização

Investimento de análise: US $ 22,1 milhões em 2023

Capacidade de análise	Métrica
Granularidade de rastreamento de comportamento do usuário	236 pontos de dados por usuário
Precisão do algoritmo de personalização	92% de recomendação precisão

Fubotv Inc. (FUBO) - Modelo de negócios: Recursos -chave

Plataforma de tecnologia de streaming proprietária

A partir do quarto trimestre 2023, a FUBOTV opera uma plataforma de streaming baseada em nuvem com as seguintes especificações técnicas:

Métrica da plataforma	Especificação
Latência de streaming	Menos de 3 segundos
Capacidade simultânea do fluxo	Até 5 dispositivos
Suporte de resolução de vídeo	4K UHD

Extensa biblioteca de conteúdo esportivo

Composição da biblioteca de conteúdo a partir de 2024:

• Mais de 100 canais de esportes ao vivo
• Direitos exclusivos de 15 ligas esportivas internacionais
• Cobertura abrangente em mais de 10 categorias de esportes

Recursos avançados de análise de dados

A infraestrutura tecnológica inclui:

Componente de análise	Capacidade
Rastreamento de engajamento de usuário em tempo real	99,7% de precisão
Recomendação preditiva de conteúdo	Algoritmos de aprendizado de máquina
Análise de comportamento do espectador	32 métricas distintas

Equipe de engenharia e desenvolvimento de produtos fortes

Composição da equipe em 2024:

• Força de trabalho de engenharia total: 287 profissionais
• Porcentagem com graus técnicos avançados: 68%
• Experiência média de engenharia: 7,4 anos

Relacionamentos estratégicos de mídia e conteúdo esportivo

Estatísticas de rede de parcerias:

Categoria de parceria	Número de parcerias
Ligas esportivas	22 acordos ativos
Redes de mídia	37 parcerias de conteúdo
Provedores de conteúdo internacional	14 relacionamentos globais

Fubotv Inc. (FUBO) - Modelo de negócios: proposições de valor

Transmissão para esportes ao vivo com cobertura abrangente

A partir do quarto trimestre 2023, a FUBOTV oferece acesso a streaming a mais de 100 canais de esportes ao vivo, incluindo:

Rede de esportes	Cobertura
ESPN	Vários canais
Rede NFL	Cobertura completa da temporada
NBA TV	Programação completa de basquete
Rede MLB	Conteúdo abrangente de beisebol

Experiência de visualização interativa e personalizada

O FUBOTV fornece recursos avançados de streaming:

• Disponibilidade de streaming em 4K para eventos selecionados
• Recursos de tela de várias visualizações
• Integração de estatísticas em tempo real
• Recomendações de conteúdo personalizado

Modelos de assinatura flexíveis

Camada de assinatura	Preço mensal	Canais
Pró	$74.99	138 mais de canais
Elite	$84.99	188+ canais
Latino	$33.00	Mais de 40 canais espanhóis

Nenhum contrato de cabo tradicional é necessário

Detalhes da assinatura a partir de 2024:

• Sem compromisso de longo prazo
• Opção de cancelamento mensal
• Sem taxas de instalação
• Compatível com vários dispositivos

Recursos de apostas esportivas e entretenimento integradas

A integração de apostas esportivas da FUBOTV inclui:

• 33 Estados com potencial acesso a apostas
• Opções de apostas em tempo real no jogo
• Interface de streaming e apostas sincronizadas
• Parcerias com grandes plataformas de apostas esportivas

Fubotv Inc. (Fubo) - Modelo de Negócios: Relacionamentos do Cliente

Plataforma digital de autoatendimento

A partir do quarto trimestre 2023, a FUBOTV oferece uma plataforma digital com os seguintes recursos principais:

Recurso da plataforma	Métricas
Total de assinantes ativos	1,4 milhão a partir do quarto trimestre 2023
Taxas mensais de assinatura	US $ 74,99 para o plano profissional
Interface digital	Disponível em mais de 10 plataformas de dispositivos

Recomendações de conteúdo personalizado

Recursos do sistema de recomendação:

• Algoritmo de aprendizado de máquina cobrindo 95% da biblioteca de conteúdo
• Personalização com base na história de visualização
• Precisão de sugestão de conteúdo em tempo real de 82%

Suporte ao cliente via canais digitais

Canal de suporte	Métricas de resposta
Bate -papo ao vivo	Tempo médio de resposta: 7 minutos
Suporte por e -mail	Tempo médio de resolução: 24 horas
Suporte telefônico	Disponível 12 horas por dia

Comunidade de usuários e ferramentas de engajamento

Estatísticas de engajamento da comunidade:

• Seguidores de mídia social: 250.000
• Participação do fórum do usuário: 75.000 membros ativos
• Interações de conteúdo geradas pelo usuário: 500.000 mensais

Programas de fidelidade e promoções direcionadas

Recurso do programa de fidelidade	Detalhes
Programa de referência	Crédito de US $ 10 por indicação bem -sucedida
Desconto anual de assinatura	15% de desconto para compromisso anual
Promoção de pacotes esportivos	Teste gratuito de 7 dias para novo conteúdo esportivo

Fubotv Inc. (FUBO) - Modelo de Negócios: Canais

Aplicativos móveis

A FUBOTV oferece aplicativos móveis disponíveis em:

• Apple iOS App Store
• Google Play Store
• Downloads de aplicativos móveis totais: 4,2 milhões a partir do terceiro trimestre 2023

Plataforma	Usuários ativos mensais	Download classificação
iOS	1,8 milhão	Os 50 principais aplicativos de entretenimento
Android	2,4 milhões	Principais aplicativos de entretenimento

Plataforma de streaming baseada na Web

Estatísticas da plataforma da web:

• Tráfego da Web mensal: 3,6 milhões de visitantes únicos
• Duração média da sessão: 47 minutos
• Taxa de conversão da plataforma da web: 12,5%

Integrações de TV inteligente

Plataforma de TV inteligente	Base de usuários	Penetração de mercado
Roku	1,2 milhão de usuários	38% dos usuários de TV inteligente
Amazon Fire TV	900.000 usuários	28% dos usuários de TV inteligente
Apple TV	450.000 usuários	14% dos usuários de TV inteligente

Aplicativos de dispositivo conectados

Distribuição do dispositivo conectado:

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

Marketing de mídia social e engajamento

Plataforma	Seguidores	Taxa de engajamento
Twitter	285,000	2.7%
Instagram	210,000	3.2%
Facebook	165,000	1.9%

Fubotv Inc. (FUBO) - Modelo de negócios: segmentos de clientes

Entusiastas esportivos de corte de cordões

No quarto trimestre 2023, a FUBOTV relatou 1,4 milhão de assinantes, direcionando principalmente os fãs de esportes de corte de cordões. A plataforma oferece mais de 100 canais de esportes e entretenimento ao vivo.

Características demográficas	Percentagem
Faixa etária de 18 a 34 anos	52%
Espectadores do sexo masculino	68%
Renda familiar anual $ 75k+	45%

Jovens consumidores digitais

A base de assinantes da FUBOTV consiste predominantemente por consumidores digitais-nativos que preferem transmitir o cabo tradicional.

• Custo médio da assinatura mensal: US $ 74,99
• Uso do dispositivo de streaming: 65% de TVs inteligentes, 35% móvel/tablet
• Tempo médio de visualização: 4,2 horas por dia

Fãs de apostas esportivas e esportes de fantasia

Em 2023, os recursos de apostas esportivas integradas da FUBOTV, visando o crescente mercado de apostas esportivas.

Segmento de mercado de apostas esportivas	Engajamento do usuário
Usuários de apostas esportivas registradas	250,000
Valor médio de transação de apostas	$85

Millennials e espectadores da Gen Z

A plataforma tem como alvo especificamente a demografia mais jovem com experiências de conteúdo interativas e personalizadas.

• Millennial Wiewhership: 42%
• GEN Z Viewhership: 28%
• Taxa de personalização de conteúdo: 73%

Consumidores de conteúdo esportivo internacional

A FUBOTV expandiu as ofertas internacionais de conteúdo esportivo em 2023, visando os entusiastas do esporte global.

Mercado internacional	Penetração de assinantes
Canadá	185.000 assinantes
Mercados latino -americanos	95.000 assinantes

Fubotv Inc. (FUBO) - Modelo de negócios: estrutura de custos

Taxas de licenciamento de conteúdo

No terceiro trimestre de 2023, a FUBOTV registrou despesas de licenciamento de conteúdo de US $ 90,4 milhões, representando uma parcela significativa de seus custos operacionais.

Ano	Despesas de licenciamento de conteúdo	Porcentagem de receita
2022	US $ 342,1 milhões	44.7%
2023	US $ 361,5 milhões	42.3%

Manutenção de infraestrutura de tecnologia

Os custos de infraestrutura tecnológica da FUBOTV em 2023 foram de aproximadamente US $ 45,2 milhões.

• Despesas de hospedagem em nuvem: US $ 18,7 milhões
• Manutenção de software: US $ 12,5 milhões
• Infraestrutura de rede: US $ 14 milhões

Marketing e aquisição de clientes

As despesas de marketing da FUBOTV em 2023 totalizaram US $ 117,3 milhões.

Categoria de despesa de marketing	Quantia
Publicidade digital	US $ 62,4 milhões
Aquisição de clientes	US $ 54,9 milhões

Engenharia e Desenvolvimento de Produtos

As despesas de P&D para FUBOTV em 2023 foram de US $ 53,6 milhões.

• Desenvolvimento de software: US $ 34,2 milhões
• Inovação do produto: US $ 19,4 milhões

Streaming de largura de banda e operações técnicas

Os custos de operações técnicas para 2023 foram de US $ 37,8 milhões.

Despesas de operações técnicas	Quantia
Armazenando largura de banda	US $ 22,5 milhões
Suporte técnico	US $ 15,3 milhões

Fubotv Inc. (FUBO) - Modelo de negócios: fluxos de receita

Taxas mensais de assinatura

A partir do terceiro trimestre de 2023, a FUBOTV oferece camadas de assinatura com a seguinte estrutura de preços:

Camada de assinatura	Preço mensal	Canais
Pró	$74.99	180 mais de canais
Elite	$84.99	220 mais de canais
Latino	$33.00	Mais de 90 canais espanhóis

Receita de publicidade

O terceiro trimestre de 2023 receita de publicidade reportou em US $ 12,1 milhões, representando um fluxo de receita importante para a empresa.

Parcerias de afiliados de apostas esportivas

Principais parcerias de apostas esportivas geram receita através de:

• Acordos de marketing de afiliados
• Compartilhamento de receita com plataformas de apostas
• Recursos de apostas integrados na plataforma de streaming

Upsells de conteúdo premium

Fluxos de receita adicionais de pacotes de conteúdo premium:

Complemento premium	Preço mensal
Sports Plus	$10.99
Entertainment Plus	$7.99
Pacotes esportivos internacionais	$5.99 - $14.99

Monetização e insights de dados

O FUBOTV gera receita adicional através de:

• Dados de visualização do usuário anonimizado
• Audiência direcionando idéias
• Métricas agregadas de visualização

Receita total para o terceiro trimestre de 2023: US $ 221,7 milhões

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.