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14 Feb, 2023, 09:00 ET
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Tubi Sees 44% Growth in Total Viewing Time, Surpasses 5 Billion Streaming Hours in 2022 and Reaches 64 Million Monthly Active Users
DOWNLOAD THE FULL REPORT HERE
SAN FRANCISCO, Feb. 14, 2023 /PRNewswire/ — Tubi (www.tubi.tv), Fox Corporation’s (NASDAQ: FOXA) (NASDAQ: FOX) ad-supported video-on-demand service, today released findings from The Stream 2023: Actionable Audience Insights for Brands, its annual audience report providing insights that help shape streaming and TV marketing strategies. Tubi’s new research highlights the explosive growth in Connected TV (CTV) ad spend, while ad-supported video on demand (AVOD) services lead the streaming pack as consumers look to cut subscription costs in the year ahead.
“As subscription costs continue to rise, nearly 1 in 3 streamers plan to reduce spending on streaming services this year,” said Mark Rotblat, Chief Revenue Officer, Tubi. “With consumers turning to AVOD to complement the select SVOD services they choose to keep, Tubi offers a brand-safe environment for advertisers looking to tap into an incremental, young, diverse, and highly engaged streaming audience.”
Tubi’s Total Viewing Time (TVT) is up 44% year-over-year (2022 calendar year vs 2021), with more than 5 billion hours streamed in 2022, and the platform audience has grown surpassing 64 million monthly active users. Tubi’s audience continues to be young and increasingly diverse, African American and LGBT audiences grew over 50% in 2022, and audience growth exceeded 25% in each major level of household income and the Hispanic demo – according to MRI. Additionally, Tubi’s core younger demographic remains strong – more than 1 in 3 (36%) Tubi streamers are between the ages of 18 and 34. Tubi is proud to offer consumers free access to more than 50,000 titles from 455 content partners as well as a growing curated FAST offering watched by 1 in 5 AVOD streamers in the past 12 months.
The full report can be downloaded here and highlights are below:
Key Industry Trends:
About the Data: Tubi commissioned survey research with leading industry insights providers. In Q1 2022, Tubi surveyed 3,000+ US pop who stream an hour or more a week with Qualtrics. In Q3 2022, Tubi surveyed 2,000 AVOD and SVOD streamers with Magid and 4,500 general streamers with Marketcast. All of this data was utilized to better understand the streaming landscape of 2022. Tubi also analyzed a number of first-party and third-party data sources, including a combination of MRI and self-reported data.
Tubi, Fox Corporation’s ad-supported video-on-demand service, has over 50,000 movies and TV shows, including a growing library of Tubi Originals, 200+ local and live news and sports channels, and 455 entertainment partners, featuring content from every major Hollywood studio. Tubi gives fans of film, television, news and sports an easy way to discover new content that is completely free.
Tubi is available on Android and iOS mobile devices, Amazon Echo Show, Google Nest Hub Max, Comcast Xfinity X1, Cox Contour, and on connected television devices such as Amazon Fire TV, Vizio TVs, Sony TVs, Samsung TVs, Roku, Apple TV, Chromecast, Android TV, PlayStation 5, Xbox Series X | S, and soon on Hisense TVs globally. Consumers can also watch Tubi content on the web at www.tubi.tv.
SOURCE Fox Corporation
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