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TORONTO - FuboTV Inc. (NYSE: FUBO), a prominent sports-first live TV streaming platform with a current market capitalization of $980 million, has secured the rights to continue streaming all 380 matches of the Premier League exclusively in Canada. The agreement, set to commence with the 2025/2026 season, reinforces FuboTV’s position as a leading destination for soccer fans, offering a variety of top-tier soccer content and other sports programming. According to InvestingPro data, the company has demonstrated strong growth with revenue increasing by 18.6% over the last twelve months.
FuboTV first acquired exclusive streaming rights for the Premier League in Canada starting with the 2022/2023 season. The renewal of this partnership underscores the platform’s commitment to delivering high-demand sports content to Canadian audiences. In addition to the Premier League, FuboTV streams Italian Serie A, Coppa Italia, Supercoppa Italiana, Ligue 1, and competitions involving Canadian national soccer teams, among others. This content-driven strategy has contributed to the company’s substantial year-to-date stock price increase of over 127%, though InvestingPro analysis indicates the stock remains subject to significant volatility.
The service’s sports offerings in Canada also include MLB, NBA, NHL, and cricket’s IPL, available across more than 100 live sports, news, and entertainment networks. This wide array of content positions FuboTV as a significant player in the sports streaming market, catering to the needs of cord-cutters and sports enthusiasts who seek a comprehensive and cost-effective alternative to traditional cable TV.
Ben Grad, senior vice president of strategic partnerships and operations at Fubo, expressed pride in maintaining the exclusive rights to the Premier League, acknowledging the league’s global prestige and the passion of Canadian fans. Paul Molnar, chief media officer at the Premier League, also expressed satisfaction with the extended partnership, emphasizing FuboTV’s effective delivery of the competition to Canadian fans.
Subscribers can access FuboTV’s content on various devices, including mobile phones, connected TVs, and web browsers, with the Fubo app available on multiple platforms such as Amazon Fire TV, Android, GoogleTV, Apple TV, Chromecast, and others.
The Premier League is recognized as one of the most competitive soccer leagues worldwide, with a broad international following. FuboTV’s continued partnership with the league is indicative of its strategic focus on sports programming as a key component in attracting and retaining subscribers.
This news is based on a recent press release statement from FuboTV Inc. The financial terms of the multi-year distribution agreement have not been disclosed. Investors looking for deeper insights can access comprehensive analysis through InvestingPro, which offers detailed financial health scores and 12 additional ProTips about FUBO’s performance. The company is scheduled to report its next earnings on May 2, 2025, which could provide further clarity on the impact of its content acquisition strategy.
In other recent news, FuboTV Inc. reported its financial results for Q4 2024, showing a mixed performance. The company achieved a revenue of $434 million, which was an 8% increase year-over-year, but fell short of the projected $444.95 million. However, FuboTV’s earnings per share (EPS) of -$0.02 exceeded analyst expectations, which had forecasted an EPS of -$0.18. The company also achieved its first quarter of positive free cash flow at $16.3 million. In terms of strategic developments, FuboTV announced a new partnership with Disney to combine Hulu Plus Live TV and Fubo, aiming to enhance its offerings in the competitive streaming market. Furthermore, FuboTV expanded its sports streaming lineup by adding the Texas Rangers to its channel offerings, strengthening its position in local sports broadcasting. The company’s recent agreement with the Texas Rangers includes Fubo branding at Globe Life Field and fan engagement opportunities. Despite these positive developments, FuboTV’s stock experienced a decline following the earnings announcement, reflecting investor concerns over the revenue miss.
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