Please ensure Javascript is enabled for purposes of website accessibility

fuboTV's Aggressive Expansion Continues

By Daniel Sparks – Sep 9, 2021 at 1:17PM

Key Points

  • The addition of fuboTV to Vizio's SmartCast follows the sports-first streaming service's launch on LG Smart TVs in June.
  • fuboTV's fast-growing service has become a must-have for streaming platforms.
  • Now available on every major U.S. smart TV platform, fuboTV is positioned well for its upcoming launch of a real-money sports wagering platform.

Motley Fool Issues Rare “All In” Buy Alert

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

The company's latest move has the sports-first streaming service on every major smart TV streaming platform in the U.S.

Sports-first live TV streaming service fuboTV (FUBO -3.23%) continues to shine when it comes to execution. The company announced on Thursday that the fast-growing app is now available on yet another smart TV streaming platform. The move impressively means fuboTV is now available on essentially every major smart TV platform in the U.S., highlighting the vigor behind the company's rapid expansion.

The latest smart TV platform fuboTV is launching on is Vizio's (VZIO -1.31%) SmartCast. 

fuboTV app displayed on Vizio smart TV

Image source: fuboTV.

fuboTV launches on Vizio

fuboTV is now available on connected TV and speaker specialist Vizio's SmartCast streaming-TV platform. Like other streaming-TV platforms, Vizio offers a variety of subscription-based and ad-supported apps. It also has its own ad-supported video apps, including WatchFree and VIZIO Free Channels.

As an aggregator of content, fuboTV brings a massive library of content to Vizio, including over 100 channels and tens of thousands of live sporting events annually. Of course, fuboTV also brings its highly customized experience, including the ability to have up to six personalized users within a single fuboTV subscription; recordings that never expire; and more.

A valuable partner to Vizio

While the availability of fuboTV on Vizio SmartCast is important for fuboTV because its streaming service is now essentially available on every top streaming platform in the U.S., the move is equally important to Vizio -- highlighting how fuboTV has become a must-have service for streaming platforms.

Not only does fuboTV bring with it a wide array of content and a great user experience, but it gives Vizio access to a fast-growing streaming app with a highly engaged user base.

In fuboTV's second quarter, subscribers increased 138% year over year to about 682,000. Approximately 91,000 subscribers were added in Q2 alone. The service also features a valuable advertising business. fuboTV's ad revenue grew 281% year over year to $16.5 million during the period as marketers targeted the company's highly engaged user base; streaming hours on fuboTV soared 148% year over year to 245 million during the period.

Looking ahead, fuboTV expects its strong momentum to continue. Management guided for full-year 2021 revenue to be between $560 million and $570 million, translating to more than 115% year-over-year growth at the midpoint. In addition, the company expects subscriber count to be as high as 920,000 by the end of the year, closing in on 1 million.

And investors shouldn't forget that fuboTV is also preparing for the launch of a real-money wagering platform. Attempting to capitalize on its highly engaged user base, fuboTV is on track to launch Fubo Sportsbook in Q4 of this year.

Daniel Sparks has no position in any of the stocks mentioned. His clients may own shares of the companies mentioned. The Motley Fool recommends fuboTV, Inc. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

fuboTV, Inc. Stock Quote
fuboTV, Inc.
FUBO
$2.70 (-3.23%) $0.09
Vizio Holding Corp. Stock Quote
Vizio Holding Corp.
VZIO
$10.52 (-1.31%) $0.14

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
356%
 
S&P 500 Returns
118%

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 11/26/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.