AP NEWS
Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

Tubi Announces Record Growth For 2019

February 11, 2020 GMT

SAN FRANCISCO--(BUSINESS WIRE)--Feb 11, 2020--

Tubi ( www.tubi.tv ), the world’s largest free ad-supported video on demand (AVOD) service, today announced record growth for 2019. In December alone, the company saw its Monthly Active Users (MAU) grow to 25 million and Total View Time (TVT) rocket to over 163 million hours watched – a year-over-year TVT increase of 160% 1. In addition, the company will accelerate its content spending in 2020 to exceed nine figures to further expand its current library of content from major studios, indies, and TV producers from around the globe. Tubi presently works with over 250 content partners which include Warner Bros., Paramount, and Lionsgate.

The company saw rapid growth internationally. Year-over-year in Canada and Australia, there was a 357% increase in TVT – and in the coming year Tubi will launch in additional territories including Mexico and the UK. Recently, Tubi announced a partnership with one of the largest broadcasters in Mexico – TV Azteca – to provide Spanish language content, which includes their most popular series and advertising sales support. Tubi also announced a global deal with one of the world’s largest manufacturers of TVs – Hisense – to prominently include Tubi as part of their Vidaa platform.

In 2019, Tubi increased its headcount to over 229 full-time employees, an increase of 78% versus 2018. The company will rapidly add more employees in the coming year as Tubi continues its expansion both domestically and internationally.

“Our growth over the last year is a clear testament to the success of our focused strategy in a now-cluttered marketplace,” said Farhad Massoudi, CEO of Tubi. “We’re excited people globally have embraced Tubi as a complement to subscription video and aim to deliver an even larger library of premium content in 2020.”

Tubi is available on Android and iOS mobile devices, Amazon Echo Show, Google Nest Hub Max, Comcast Xfinity X1, Cox Contour, and on OTT devices such as Amazon Fire TV, Vizio TVs, Sony TVs, Samsung TVs, Roku, Apple TV, Chromecast, Android TV, Xbox One, and PlayStation 4, and soon on Hisense TVs globally. Consumers can also watch Tubi content on the web at www.tubi.tv.

About Tubi

Headquartered in San Francisco, Tubi ( www.tubi.tv ) is the world’s largest ad-supported video on demand service with over 20,000 movies and television shows from nearly every major Hollywood studio. The service gives fans of films and television programs an easy way to discover new content which is available completely free. Currently available in the US, Canada, and Australia, Tubi can be accessed on over 25 devices including Amazon FireTV, Roku, Comcast Xfinity, Cox Contour, iOS, Android and many others. A full list of devices can be found here: https://tubitv.com/static/devices. Tubi is backed by Foundation Capital, Cota Capital, and Jump Capital, as well as strategic investor TEGNA Ventures.

1 MAU was computed using the number of unique devices that interacted with the Tubi app. This figure does not include any co-viewing or other calculations. In addition, MAU and TVT are based on interactions with only Tubi branded applications and does not include embedded players or clips.

View source version on businesswire.com:https://www.businesswire.com/news/home/20200211005191/en/

CONTACT: Peter Binazeski

Head of Communications

Tubi

323-206-5077

pbinazeski@tubi.tvGeorge Cabico

The Lippin Group for Tubi

323-801-7459

gcabico@lippingroup.com

KEYWORD: AUSTRALIA/OCEANIA UNITED STATES UNITED KINGDOM CANADA NORTH AMERICA AUSTRALIA EUROPE CALIFORNIA

INDUSTRY KEYWORD: TELECOMMUNICATIONS INTERNET AUDIO/VIDEO HISPANIC CONSUMER ELECTRONICS TECHNOLOGY CONSUMER MOBILE/WIRELESS

SOURCE: Tubi

Copyright Business Wire 2020.

PUB: 02/11/2020 09:30 AM/DISC: 02/11/2020 09:30 AM

http://www.businesswire.com/news/home/20200211005191/en