Live TV Broadcasting Platform Now Offers Deals In 3 Markets
fuboTV Inc. (NYSE: FUBO), the leading live sports television broadcasting platform, today announced that it has entered into market access agreements for its upcoming fubo Sportsbook in Indiana and New Jersey via Caesars Entertainment Inc.
The agreements will allow fubo Sportsbook to have a presence in at least three states at launch, following the market access agreement previously announced by fuboTV in Iowa through Casino Queen. fubo Sportsbook is expected to launch in the fourth quarter of this year, subject to obtaining the required regulatory approvals in each jurisdiction.
“We couldn’t be more excited to bring fubo Sportsbook to market in Q4, and today’s market access licenses for Indiana and New Jersey will help us reach even more consumers at launch. “said David Gandler, co-founder and CEO of fuboTV. .
Yesterday, fuboTV announced that it ended its strongest fourth quarter and year in its history, for the first time surpassing $ 100 million in quarterly revenue ($ 105.1 million actual). fuboTV ended 2020 with 547,880 paying subscribers, including 92,800 net subscriber additions in the fourth quarter. The company also announced new progress on fubo Sportsbook, including agreements with Major League Baseball and the National Basketball Association to become a licensed gaming operator for each league. For more information, read the fuboTV letter to shareholders available on the company’s IR website.
fuboTV (NYSE: FUBO) is the premier live sports television broadcasting platform providing subscribers with access to tens of thousands of live sporting events each year as well as news and entertainment content. leading entertainment. With fuboTV, subscribers can stream a wide range of over 100 live TV channels, including 42 of Nielsen’s Top 50 Networks in Sports, News and Entertainment – more than any other streaming platform. live TV (source: Nielsen Total Viewers, 2020). Continuously innovating to provide subscribers with a premium viewing experience they cannot find with cable TV, fuboTV is consistently the first to market with new product features and was the first virtual MVPD to stream in 4K. fuboTV was also the first American virtual MVPD to enter Europe with the launch in 2018 of fuboTV España. fuboTV launched fubo Sports Network, the free-to-air consumer TV network featuring live sports and award-winning original programming, in 2019.
This letter contains forward-looking statements of fuboTV Inc. (“fuboTV”) that involve substantial risks and uncertainties. All statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “may”, “will”, “plan”, “intend”, “anticipate” , “Approximately,” “” expect “,” potential “or the negative of such terms or other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results or events could differ materially from the plans, intentions and expectations disclosed in fuboTV’s forward-looking statements due to a number of important factors, including (i) risks relating to the ability to realize the expected benefits of Balto and Vigtory’s acquisitions, (ii) risks related to the company’s access to capital and prospects for fundraising to finance its current operations, (iii) risks related to the distraction of management’s attention fuboTV’s ongoing commercial operations to cope with integration and fundraising efforts, (iv) risks related to our ability to successfully capitalize on market trends and to develop and market a sports betting offer, and (v) other trade effects, including the effects of industry, market, economic, political or regulatory conditions, future exchange and interest rates, and trends. Tax changes and other laws, regulations, tariffs and policies, including the impact of COVID-19 on the wider market. Other risks which could cause actual results to differ materially from those expressed or implied by such forward-looking statements are discussed in the Company’s periodic documents with the Securities and Exchange Commission and we encourage you to read these risks in detail. The forward-looking statements contained in this press release represent the views of fuboTV as of the date of this press release. fuboTV predicts that subsequent events and developments will change its views. However, although it may choose to update these forward-looking statements at some time in the future, it specifically disclaims any obligation to do so. You should therefore not rely on these forward-looking statements as representing the views of fuboTV as of a date subsequent to the date of this letter.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210303005944/en/
The Blueshirt group for fuboTV
Jennifer L. Press, fuboTV
Katie Minogue, fuboTV