FuboTV, now backed by Disney’s Hulu+, has seen a significant transformation following its merger with Hulu+ Live TV, completed in October 2022. This merger has expanded FuboTV’s subscriber base to nearly 6 million in North America, positioning it for a more competitive presence in the streaming market. Disney now holds a 70% stake in the combined entity, enhancing FuboTV’s access to expertise and capital.
Despite these advancements, FuboTV faces challenges with slow subscriber growth. As of the end of Q3 2022, FuboTV had only 1.6 million subscribers, reflecting a modest increase of 1.1% year-over-year. Additionally, its international users dropped by 9.5%, illustrating ongoing competition in the sports streaming niche, which remains dominated by larger players like Netflix. Investors should note the inherent risks as FuboTV seeks to establish a stronger market foothold.
