Fox's Tubi Just Surpassed Peacock as the Free Streaming Name to Watch
Nearly a year ago when Comcast's (NASDAQ: CMCSA) NBCUniversal arm began fleshing out plans for the ad-supported streaming service Peacock, it looked like the name to beat. It's clear now, however, that NBCUniversal still has some things it needs to figure out in the ad-supported video-on-demand (AVOD) business. Meanwhile, Fox Corporation's (NASDAQ: FOX) (NASDAQ: FOXA) competing Tubi TV is quietly eating Peacock's lunch in a handful of ways. A new one materialized just last week.
It's still too soon to say Comcast's nascent streaming efforts are a waste of time or resources. It's not too soon to say, however, that Tubi's strength is notable -- and it's worth examining why the service is doing so well.
Statistically speaking, you or someone you know has probably used at least one of the two platforms. Tubi now entertains around 33 million monthly viewers, and the 2.5 billion hours of content it streamed last year was 58% higher than 2019's total. Peacock only boasts 26 million subscribers, but given its launch in the middle of last year, that's still a respectable figure. In terms of customer headcount, the two services are more or less peers.
Source Fool.com
