fuboTV Investor Relations Material
Fubo TV is an American streaming service with operations in North America and parts of Europe. Established in 2015, the company began with a primary focus on providing live sports, including soccer, before branching out to offer a wider variety of content. Today, Fubo TV stands as a significant player in the industry, giving its users access to live sports, news, and entertainment channels. The brand has built its reputation as a "sports-first" streaming service, setting it apart from competitors that primarily focus on TV shows and movies.
The genesis of Fubo TV was fueled by its founders' passion for soccer. Recognizing a gap in the market for dedicated soccer streaming platforms, especially for international matches, Fubo TV aimed to provide fans with a singular platform where they could watch the sport. As its popularity grew, so did its content repertoire. By 2017, the service had expanded its offerings to include a mix of live sports, news, and entertainment channels.
In its early days, Fubo TV was largely about soccer. However, the platform soon expanded its sports coverage to include NFL, MLB, NBA, NHL, and more. Beyond sports, Fubo TV now boasts a comprehensive list of news channels, popular network series, movies, and documentaries. While sports is still the bread and butter of Fubo’s, and its main draw for many, broadening its offerings has helped Fubo stay competitive and grow its customer base for the long term. This also means that Fubo TV competes with large streaming such as Netflix and Disney+.
Breaking into Betting
FuboTV now offers an integrated betting experience, allowing users to place wagers on live games directly through its platform. As users watch a live match, they're presented with real-time odds and betting options. Customers can choose from various betting types, including moneyline, point spreads, and over/under totals which the platform processes in real-time. FuboTV's betting interface is designed for both seasoned bettors and newcomers, providing informational guides and predictive analytics to assist in informed wagering.