Shareholder letter
Page 1
fuboT SHAREHOLDER LETTER Exhibit 99.1 November 9 , 2021 Fellow Shareholders , Before we dive into our record third quarter , we are thrilled to announce that , since closing the quarter , fuboTV has passed the one million subscriber mark . This is an extraordinary milestone by any measure but particularly remarkable given the momentum of our business over six short years . To put this in perspective , as of the end of the second quarter 2020 , we had approximately 286,000 subscribers . The implications of this milestone are significant and far - reaching . One million subscribers means increased relevance , leverage and influence with content partners and leagues and the opportunity to go upstream on tentpole sports properties . It also means billions of data points for product iteration and personalization , greater advertising sales opportunities , increased mindshare with potential and current subscribers , and more MFN protection . And , even at the one million subscriber mark , we are still just scratching the surface of the massive opport unity ahead of us with 72.6 million subscri bers still active on traditional pay television 1 When we reported our second quarter 2020 results , we asserted that consumers would continue to choose streaming over traditional pay television due to the more personalized , premium viewing experience . We also highlighted our advantage over traditional pay television , due to the strength of our product offering and our modern technology stack that we are continuously optimizing , enabling us to innovate faster than the incumbents . Our mission to define a new category of interactive sports and entertainment television is characterized by the delivery of a differentiated consumer experience . We do this through a laser focus on the acquisition and presentation of compelling content and ongoing product advancements including FanView and free - to - play predictive games . Today , we are announcing the acquisition of Edisn.ai to enhance our AI - driven interactive experiences , personalization and platform stability . Additionally , we continue to extend our value proposition to a greater number of consumers worldwide with the expansion of our international footprint . We are also thrilled to announce today an agreement to acquire France's leading live TV streaming platform , Molotov SAS - a strategic asset that we believe will help accelerate our goal of achieving global scale and operating leverage . 1 MoffettNathanson estimates and analysis as of Q2 2021 fubo ™ 1 And we are further poised to transform how consumers watch and engage with live television with the recent launch of our first