Fubo and EDO Partner to Measure Connected TV Advertising Engagement and Outcomes
19 Diciembre 2023 - 8:01AM
Business Wire
Fubo ad engagement outperforms industry
averages across linear TV and streaming by 16% and by 29% on sports
networks compared to live linear sports according to EDO TV
outcomes data
EDO, the TV outcomes company, and FuboTV Inc. (d/b/a/ Fubo)
(NYSE: FUBO), the leading sports-first live TV streaming platform,
have partnered to measure consumer behavior across Fubo’s premium
sports, news and entertainment content. EDO will provide Connected
TV (CTV) ad engagement data across all advertiser campaigns,
enabling Fubo to prove its strong ad performance against
traditional linear TV and streaming platforms.
In partnering with EDO, Fubo can provide brands and agencies
with granular CTV engagement data to attribute direct outcomes to
CTV ad campaigns. Initial findings from the partnership indicate
that consumers are 16% more likely to engage with ads seen on Fubo
overall than they are with ads on traditional linear TV and
competitive streaming platforms. Additionally, sports fans are 29%
more likely to engage with ads seen on sports networks on Fubo than
ads during live sports on the average linear network. This is a
testament to Fubo’s power of aggregation by streaming over 55,000
sporting events each year and more than 40,000 TV shows and movies
on-demand each month.
EDO also provides Fubo advertising partners with ad engagement
trends detailing viewer demographics most engaged with ads on the
streaming service. For example, EDO found that men ages 25-54 were
35% more likely to engage with ads on Fubo compared to competitive
streaming services and linear TV. At the category level, EDO data
showed the same group was 37% more likely to engage with automotive
ads, and 72% more likely to engage with telecom ads on Fubo than on
linear TV and competitive streaming services. Additionally, women
ages 18-34 were 18% more likely to engage with financial services
ads on Fubo than on competitive streaming services and linear
TV.
“One of the strengths of CTV is its data-driven nature and the
ability to measure ad campaigns more deliberately and accurately
than on traditional linear TV,” said Dina Roman, SVP, global ad
sales, Fubo. “Brands and agencies today are seeking clear insights
into the outcomes of their advertising campaigns and that is why we
are tapping measurement partners like EDO to reinforce the value of
Fubo’s premium content and audience.”
“Modern marketers know that investing in campaigns on Fubo means
advertising to a highly engaged audience,” said Kevin Krim,
President & CEO, EDO. “By combining Fubo’s streaming expertise
with EDO’s robust experience measuring live sports and
entertainment events across linear and streaming TV, we’re
empowering advertisers to go beyond basic reach metrics and begin
measuring the outcomes-based, proof-of-performance insights that
determine whether a brand achieves its most important business
goals.”
About EDO, Inc.
EDO, Inc. is the TV outcomes company — a leading platform
measuring predictive behaviors driven by Convergent TV advertising.
By combining real-time engagement signals with world-class decision
science, EDO data maximizes creative and media performance. We work
with modern marketers at leading brands, TV networks, entertainment
studios, and ad agencies. EDO's investment-grade data aligns
advertising investments to business results - with detailed
competitive, category, historical, and predictive intelligence. For
industry intel, success stories, and top ads, visit EDO.com.
About Fubo
With a global mission to aggregate the best in TV, including
premium sports, news and entertainment content, through a single
app, FuboTV Inc. (d/b/a Fubo) (NYSE: FUBO) aims to transcend the
industry’s current TV model. The company operates Fubo in the U.S.,
Canada and Spain and Molotov in France.
In the U.S., Fubo is a sports-first cable TV replacement product
that aggregates more than 300 live sports, news and entertainment
networks and is the only live TV streaming platform with every
Nielsen-rated sports channel (source: Nielsen Total Viewers, 2022).
Leveraging Fubo’s proprietary data and technology platform
optimized for live TV and sports viewership, subscribers can engage
with the content they are watching through an intuitive and
personalized streaming experience. Fubo has continuously pushed the
boundaries of live TV streaming. It was the first virtual MVPD to
launch 4K streaming and MultiView, which it did years ahead of its
peers.
Learn more at https://fubo.tv
Cautionary Note Regarding Forward-Looking Statements - FuboTV
Inc.
This press release contains forward-looking statements of FuboTV
Inc. (“Fubo”) that involve substantial risks and uncertainties. All
statements contained in this press release that do not relate to
matters of historical fact are forward-looking statements within
the meaning of The Private Securities Litigation Reform Act of
1995, including statements regarding our business strategy and
plans, partnerships, ad campaigns and measurement, engagement and
viewership. The words “could,” “will,” “plan,” “intend,”
“anticipate,” “approximate,” “expect,” “potential,” “believe” or
the negative of these 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 the forward-looking
statements that Fubo makes due to a number of important factors,
including but not limited to the following: our ability to achieve
or maintain profitability; risks related to our access to capital
and fundraising prospects to fund our financial operations and
support our planned business growth; our revenue and gross profit
are subject to seasonality; our operating results may fluctuate;
our ability to effectively manage our growth; our ability to
attract and retain subscribers; obligations imposed on us through
our agreements with certain distribution partners; we may not be
able to license streaming content or other rights on acceptable
terms; the restrictions imposed by content providers on our
distribution and marketing of our products and services; our
reliance on third party platforms to operate certain aspects of our
business; risks related to our reporting obligations; risks related
to the difficulty in measuring key metrics related to our business;
risks related to preparing and forecasting our financial results;
risks related to the highly competitive nature of our industry;
risks related to our technology, as well as cybersecurity and data
privacy-related risks; risks related to ongoing or future legal
proceedings; and other risks, including the effects of industry,
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exchange and interest rates, and changes in tax and other laws,
regulations, rates and policies. Further risks that could cause
actual results to differ materially from those matters expressed in
or implied by such forward-looking statements are discussed in our
Quarterly Report on Form 10-Q for the quarterly period ended
September 30, 2023 filed with the Securities and Exchange
Commission (“SEC”), and our other filings with the SEC. We
encourage you to read such risks in detail. The forward-looking
statements in this press release represent Fubo’s views as of the
date of this press release. Fubo anticipates that subsequent events
and developments will cause its views to change. However, while it
may elect to update these forward-looking statements at some point
in the future, it specifically disclaims any obligation to do so.
You should, therefore, not rely on these forward-looking statements
as representing Fubo’s views as of any date subsequent to the date
of this press release.
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version on businesswire.com: https://www.businesswire.com/news/home/20231219745770/en/
KCSA for EDO edo@kcsa.com
Jennifer L. Press, Fubo jpress@fubo.tv
Bianca Illion, Fubo billion@fubo.tv
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