Philo has 1.3 million subscribers, will hit profitability soon
Philo has 1.3 million subscribers, will hit profitability soon
The sports-free live TV service is continuing to make important strides.
Philo doesn’t make a habit of sharing its financial data. The live TV streaming service isn’t publicly traded and therefore doesn’t offer the quarterly earnings reports that bigger companies like Disney and Warner Bros. Discovery do. Nevertheless, Philo gave analysts a look inside its corporate workings on Tuesday, revealing both its subscriber total and a forecast for when it expects to turn a profit.
Key Details:
- Philo currently has 1.3 million streaming subscribers.
- The streamer expects to show a profit for the first time this year.
- Philo has acquired the transactional video platform Row8.
On Tuesday, Philo reported that it now has 1.3 million streaming subscribers. While that is far fewer than YouTube TV and its 8 million customers, or even Hulu + Live TV and its recently-reported 4.6 million subscribers, it is nonetheless an impressive number for the low-cost, skinny-bundle streamer. In fact, Philo’s subscriber total grew at a rate of 20% year-over-year.
This week, the streamer also announced it had pulled in $450 million in revenue during 2024, and that it expects to cross the profitability threshold for the first time this year. Even bigger live TV services like Fubo are still chasing regular profitability, so it’s clear that Philo has carved out a niche for itself as an important service in the minds of its target consumer base.
In addition to subscriber totals and financial data, Philo announced on Tuesday that it had acquired the transactional video-on-demand (TVOD) platform Row8, an independent digital store that allows viewers to rent and purchase movies. Row8 will be integrated into the Philo platform this year and will be available for customer use in 2026.
Finally, Philo announced the hiring of Edward King as Chief Product Officer. King was formerly an executive at the Fox-owned free ad-supporting streaming TV (FAST) service Tubi. Included in King’s responsibilities will be to oversee FAST developments at Philo as well. The streamer’s free companion service Philo Free now has more than 100 FAST channels to its name.
Philo might not be the bulkiest competitor in the live TV streaming space, but it has built an impressive business. The streamer comes with around 18 of The Streamable’s top 35 cable networks, including AMC, Discovery, Hallmark Channel, History, Lifetime, and more. Plans start at $28 per month, and all new customers get a seven-day free trial.
Philo
Philo is a live TV streaming service designed for entertainment lovers, offering flexible ways to watch without the high price of traditional TV bundles. The service now features two paid plans — Essential and Bundle+ — alongside its existing free streaming offering, giving customers a range of options depending on how much live and premium content they want.