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FuboTV’s CEO on How Sports Betting Will Change Streaming | Voices of Wall Street

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Mar 08, 2021

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FuboTV’s CEO on How Sports Betting Will Change Streaming | Voices of Wall Street

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In a new "Voices of Wall Street," host Dion Rabouin speaks with FuboTV CEO David Gandler about the streaming company's upcoming sportsbook launch, competition from Dish and DraftKings' partnership, and keeping losses in check despite a ramp up in product investments. Media and live streaming companies are racing to capitalize on the synergies presented by integrating sports wagering capabilities into live TV viewing. The sports betting market has been accelerating at a rapid clip as states across the country cozy up to legalized wagering. Revenue in the U.S. grew to $1.57 billion in 2020, up from $920 million in 2019, and is projected to grow to $5.8 billion by 2023. FuboTV is now doubling down to capture sports fans fleeing cable, and the company is betting that sports gambling will not only attract more users, but will also offer new customers a unique entertainment experience. For more from "Voices of Wall Street": https://twitter.com/VoicesofWallSt https://www.youtube.com/channel/UCNXitUPWm2FPIRJYQaeRcjQ https://www.voicesofwallstreet.com/ Bullish is a conversation about money for the curious. Earn more, spend smarter and grow your money in a way that's right for you. Follow us: https://bullish.studio https://twitter.com/BullishStudios https://www.instagram.com/bullishstudios/

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FuboTV is the leading sports-first, live TV streaming platform, offering subscribers access to tens of thousands of live sporting events annually as well as leading news and entertainment content.fuboTV’s platform allows customers to access content through streaming devices, and on SmartTVs, mobile phones, tablets and computers. fuboTV Pre-Merger launched in 2015 and today is a leading independent virtual multichannel video programming distributor, or vMVPD, in the United States.fuboTV Pre-Merger closed 2019 with approximately 316,000 paid Subscribers. Over the course of 2019, fuboTV Pre-Merger’s paid Subscribers and free trial Users streamed a total of 299 million hours of content on our platform, a 210% increase over 2018.Furthermore, fuboTV Pre-Merger’s MAUs are highly engaged and have watched on average 140 hours of content per month during the three months ended June 30, 2020. (From: StockAnalysis.com)

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