Let's look at some numbers. Fubo streaming platform ended 2024 with a record 1.67 million subscribers, $1.59 billion in revenue before the Hulu + Live TV merger. Fubo focuses on sports, which is their speciality. The figures were up from 1.61 million subs and $1.34 billion in revenue at the end of 2023.

Owned by Fubo the Molotov, the French live TV streaming service acquired in 2021, ended the year with 362,000 subscribers, down from 406,000 in 2023. Revenue rose 12.1% to $9.4m from $8.4m. Fubo's full-year net loss narrowed nearly 40% to $177.1 million from $293.1 million, while its fourth-quarter net loss narrowed 42% to $40 million from $71 million.

In January, Fubo announced a $220 million settlement with Disney, Warner Bros. Discovery and Fox Corp. over the media companies' cancelled Venu Sports streaming app joint venture. Disney will also lend the service $145 million in 2026 after the deal closes, in exchange for a 70% stake in Fubo.

Co-founder and CEO David Gandler said in his statement that Fubo looks forward to combining operations with Disney-owned Hulu + Live TV to create the largest online virtual MVPD TV subscription business in North America with 6.2 million combined customers.

Paramount+ is more focused on streaming movies, shows and live TV. They added 5.6 million paid subscribers in the fourth quarter of 2024, ending the year with 77.5 million subscribers. That's up 10 million from the end of 2023. Looking at the numbers, Paramount's direct-to-consumer division narrowed its quarterly operating loss by 42% to $286 million from $490 million in the same period last year. Revenue increased 8% to $2 billion from $1.87 billion.

For the full year, DTC operating loss decreased 70% to $497 million from an operating loss of $1.7 billion in the prior year period. Revenues increased 13% to $7.6 billion from $6.7 billion at the end of the previous fiscal year. According to Nielsen, Paramount+ was the number two domestic SVOD service in terms of hours watched across all original series in the quarter, led by 'Landman', 'Tulsa King' and ‚Lioness’.

Paramount said the aforementioned series, along with two new Showtime premium series, 'The Agency’ and 'Dexter Original Sin’, as well as the CBS primetime slate and new theatrical releases, helped drive viewer engagement and new subscriber acquisition. Internationally, originals and theatrical films also performed well, as did 'Yellowstone' and 'South Park’, which Paramount+ streams exclusively.

Two streaming video services, two different approaches. The market is clearly forming, companies are finding their places, niches, ways to attract viewers and subscribers. They are realizing that people have different needs and preferred forms of entertainment, and this fact creates room for many players with unique content. this is a good prognosis for the streaming market - many platforms can exist, give viewers what they want and end up with a profitable business.

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#SzymonKarbowski #StreamVX #Fubo #Paramount #Hulu #Disney #WarnerBrosDiscovery

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