Get the latest gossip
Fubo Losses Narrow In Q3; Pay-TV Operator “Encouraged” By Support In Legal Fight Against Disney, Fox And Warner Bros. Discovery
As its legal battle against Disney, Fox and Warner Bros. Discovery continues, pay-TV operator Fubo reported better-than-expected third-quarter results.
The letter maintained the fight is “bipartisan,” with politicians from both sides of the aisle expressing support, along with businesses like satellite operators DirecTV and Dish Network. Fubo CEO David Gandler said on the call that the goal of turning a profit starting in 2025 “remains a priority” and noted that the company’s adjusted EBITDA has improved by $100 million over the past 12 months. Gandler said the company sees opportunity in the “quickly maturing streaming market,” identifying the roughly 50 million subscribers to traditional MVPDs as potential customers down the line.
Or read this on Deadline
