The Skinny

Digital content platforms had their moments in the 3Q23 earnings call spotlight last week. Fubo elevated its full-year subscriber outlook to 1.584-1.599 million paid subscribers after exceeding its quarterly guidance by 140,000. Founder/CEO David Gandler ascribed the growth to the ongoing NFL season, something he pins as a win considering competition from NFL Sunday Ticket on YouTube TV. Elsewhere, Fox is continuing to ride the momentum with Tubi. Tubi finished the quarter with 30% revenue growth and eclipsed the 70 million MAU benchmark. However, Fox remains stern in centering its strategy around linear TV.

Fubo Boosts Guidance on Back of Strong Subscriber Growth
Fubo had plenty to celebrate Friday, announcing it had meaningfully exceeded its 3Q23 subscriber guidance by scoring 1.477 million paid subs by the end of the period, well above midpoint guidance of 1.337 million. Read More »
 
 
Fox Firm in Distribution Strategy Amid Tubi Growth
Fox Corp. may be handling a soft advertising market better than others thanks to sports and news, but that doesn’t mean it’s immune to negative effects. Read More »
 
 
Bakish Confident On Streaming, New Distribution Deals
Paramount soared on the back of its streaming division in 3Q23, with subscription revenue growing 46% YOY thanks to Paramount+’s now more than 63 million subscribers. Read More »
 
 
Bally Inks NBA Deal, Sinclair Reportedly Makes Diamond Offer
Sinclair is reportedly looking to regain control of the Bally Sports RSNs by taking back Diamond Sports Group, according to the NY Post citing sources. Read More »
 
 
Executive Round Up: Publicizing a Show Now vs 2013
We asked executives in the industry how publicizing a show is different in 2023 compared to 2013. Here's what they had to say.   Read More »
 
 
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Editorial: Sara Winegardner | Advertising: Ellen Kamhi | Marketing: Lauren McCaffrey