The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Laura Martin - Needham & Company - Analyst
: Hi there. Good numbers, you guys, congratulations. I have two for David. One is, David, I would love it if you would explain to me why fubo free
especially now that you've -- and now you've added the pay channels, why that isn't available to everybody and why it's only available to lower
churn to prior and current fubo subscribers? I don't understand why that's better economics for you.
And then my second one is, you made the point, I think, in your prepared remarks that we now have cable subscribers of 50 million. And I think
you said 30% sort of subscribe to virtual MVPDs. My question is, over time, do you think that the virtual MVPD tier is actually a long-term structural
business because eventually, cable subscribers are going to zero and as sports moves to streamers, why is it anybody should be a virtual MVPD
subscriber. Those are my two questions. Thanks.
Question: Alicia Reese - Wedbush Securities Inc - Analyst
: Hey, guys, good morning. I'm just looking at the ARPU. I was just wondering if you could talk a little bit more about what were the dynamics in the
quarter with regards, specifically to political advertising?
Question: Alicia Reese - Wedbush Securities Inc - Analyst
: Yeah. I'm just wondering if you could talk about the dynamics that occurred in the quarter with regard to ad ARPU, political advertising, what was
driving the ad ARPU? Why political didn't perhaps push it a little higher?
Question: Darren Aftahi - ROTH MKM - Analyst
: Hey, morning. Two questions, if I may. Just following up on the ad ARPU, your commentary, John. Like is there anything beyond Discovery that's
a headwind that isn't making this business grow faster than it is? That's my first question. And then as it pertains to your stand-alone premium
packages relative to the virtual MVPD, can you just speak to kind of the relative profitability of the products and then thoughts on any potential
cannibalization? Thanks.
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