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fuboTV Prepares Terms For $150 Million IPO

October 1, 2020 | technology | No Comments

fuboTV (FUBO) intends to raise $150 million from the sale of its common stock in an IPO, according to an amended registration statement.

New York, NY-based fuboTV was founded to offer a combination subscription and advertising revenue platform to stream mostly sports events to user devices such as SmartTVs, mobile phones and other computing devices.

In 2019, pre-acquisition, fuboTV generated a monthly ARPU of $54, which represented an increase of 42% over the previous year.

Management is headed by Chief Executive Officer Mr. David Gandler, who has been with the firm since April 2020 and was previously president and CEO of fuboTV and Vice President Ad Sales at DramaFever, a video streaming service.

Below is a brief overview video of a consumer review of fuboTV:

Source: Home Theater Hobbyist

The company’s primary offerings include:

  • Live television for sports events
  • Over 700 channel access to local TV
  • Other streaming providers such
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