Tubi operates a free, ad-supported VOD service with a library of more than 12,000 movies and television series (about 40,000 hours of content) across devices including Roku, Amazon Fire TV, Samsung TVs, iOS, Android and Comcast X1. In 2018 the service saw viewership grow over 4.3x year-over-year, revenue grow over 180%, and it was profitable in Q4 2018. Tubi said it will reinvest profits into content acquisitions and plans to invest over nine figures to rapidly expand its catalog. The company closed a $25 million growth capital facility with Silicon Valley Bank to fund content acquisition and marketing. Tubi has formed distribution and ad-sales partnerships including Horizon Media (strategic partnership) and Rogers Media (exclusive Canadian ad sales representation). The service is currently available in the US and Canada and announced plans to launch in additional international territories in 2019. Tubi TV operates a free, ad-supported streaming service that aggregates a rotating catalog of over 50,000 titles from roughly 200 content partners, including Lionsgate, MGM, Paramount Pictures and Starz. The service targets millennial viewers and spans genres from anime and international TV to classics, indie films and documentaries. Tubi reports millions of users and saw 9x growth in monthly active users in 2016 versus the prior year. Ads are limited compared with TV (about 4–5 minutes of commercials per 30 minutes of content), and advertisers have included brands such as Fox, Unilever and Amazon. The company has built an in-house TV analytics platform to A/B test and optimize content curation and ad targeting. Tubi is available across web, mobile, game consoles and streaming players and plans to use new funding to scale, hire engineering/product/data staff, and expand marketing and analytics efforts. Tubi TV operates a free, ad-supported streaming service available on mobile devices, gaming consoles, and streaming media players. The company aggregates licensed content from more than 200 partners and offers roughly 40,000 hours of movies and TV shows, with new titles added weekly. It monetizes via direct and programmatic advertising, with ad breaks ranging from 15 seconds to two minutes and proprietary tech to avoid interrupting dialog. The app has been installed over 20 million times and attracts “millions” of monthly active users who spend over an hour per session; its audience grew over 400% year-to-date. Tubi TV is not yet profitable but is growing rapidly and plans to expand its team—already about 40 people, which tripled in the prior six months—with hires in engineering and marketing. Strategic investments from studios may enable expanded licensing options, though the company has not disclosed specific future plans.

Total raised

$51M

Funding rounds

3

Latest round

Debt Financing

Latest activity

Jan 2019