fuboTV Inc. (NYSE:FUBO) Q4 2022 Earnings Call Transcript

So, we are doing lots of interesting things. We are obviously very relevant. Customers are voting with their wallets. We have almost 1.5 million customers at the end of the year in North America. And we are seeing great growth in France from Malta. When we unify our platform, we think we will continue to be able to absorb more cost-cutting measures, be more efficient and also increase product velocity. So, I am very bullish. I don’t know if there are many companies like us that are performing and executing the way we are and at the same time, delivering a product that people love. So, I feel like we are in a very good position for growth, and I am very confident in 2023 and also reaching self-sustainability in 2025.

Alison Sternberg: Thanks David. Second question that got a lot of up-votes on the platform was related to the competitive landscape. So specifically, what is FUBO going to do to compete with the likes of Hulu and other streaming services?

David Gandler: Yes. Look, this is a question that people have been asking us since 2015, when we were probably 2% or 3% of subs of a company like Sling, for instance. We are continuing to take the disproportionate share. So that numerous times now, I am not sure it syncs in that we are doing that. We are growing, growing faster than the virtual MVPD space. We are going to continue to grow quickly. We have, I would say, a differentiated content offering and a differentiated product and people are choosing FUBO every single day. And so I think that we are competing across three vectors, as I have just stated. One on brand, clearly sports-focused customers choose us first for the sports. That’s evident in downloads of certain our apps or app, frankly, during a big sporting event days or beginning of the season.

You will see that in the NFL. You will see that during the World Cups and other major events. So €“ and we are also differentiating our product, and that’s the one where I think is the toughest for other companies because this is our DNA. We are a product technology company, similar to Netflix or Spotify. In the long-term, I think that we will be one of the leading players in this space €“ in the United States, for sure and with the potential opportunity, 5 years, 10 years from now to do this globally. So, we are positioning ourselves for the future. We are excited about our business and excited about our ability to drive value for our media partners and drive excellent experiences for consumers.

Alison Sternberg: Great. David, thank you for that. And a big thank you to our shareholders for your engagement and your thoughtful questions on the safe platform. I am now going to turn it back over to the operator.

Operator: This does conclude today’s conference call. Thank you for your participation. You may now disconnect.