Free streamer Xumo TV grew revenue 300% in the past year, and the company says it's aiming to be in 80% of homes in a year

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Australia News News

Australia Australia Latest News,Australia Australia Headlines

Xumo's revenue grew more than 300% in the first quarter of 2019 versus a year ago through distribution deals with Comcast and T-Mobile.

The bulk of Xumo's growth over the past year came from new distribution deals, Petrie-Norris said.

Xumo is also included in T-Mobile's recently announced TV service TVision Home, a $100-a-month streamer with more than 150 channels. Xumo, like all AVODs, is also likely benefiting from the slow rise of video streaming subscription costs. In the past few months, DirecTV Now, Fubo TV, and YouTube TV have all increased their monthly prices to $50 a month or more.

Xumo lets distribution partners like Comcast or T-Mobile sell their own ads or allow Xumo to sell ads for them, Petrie-Norris said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in AU
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SAP CEO aims to double market value to 250-300 billion euros by 2023: reportEurope's largest technology company SAP aims to more than double its market... that shouldnt be an aim..that could be the result of a strategy but prioritising mkt cap is just dumb..$SAP..another strange German ceo ($VW3, $Bay..?
Source: Reuters - 🏆 2. / 97 Read more »