Research Highlights

Netflix’s Average Revenue Per User (ARPU) is finally stabilizing in Western Europe, after two consecutive years on the decline. The transition to much cheaper advertising-supported plans, initiated in 2022, significantly eroded subscription revenues, as part of a larger bet on volume and advertising opportunities. However, the recent price hikes to these same ad-tiers in 4 of the 5 countries in...

En junio de 2025, Fox Corporation anunció la adquisición de Caliente TV, una plataforma centrada en deportes y canal de TV paga en México, propiedad de la casa de apuestas Caliente. Con esta operación, Fox accede directamente a derechos premium como la UEFA Champions League, la Ligue 1 y partidos seleccionados de la Liga MX (Tijuana, Querétaro, entre otros). Lanzado...

In June 2025, Fox Corporation announced the acquisition of Caliente TV, a sports-focused platform and Pay TV channel in Mexico owned by bookmaker Caliente—granting itself direct access to rights for UEFA Champions League, Ligue 1, and select Liga MX matches (Tijuana, Querétaro…). Launched in September 2023 with free access, Caliente TV transitioned to paid tiers in February 2025 (MXN 115/month, around USD 6), consolidating...

European BVOD is expected to generate 2.6 billion euros in revenues in 2025, or 10% of broadcasters’ overall advertising revenue on video media. This segment of video advertising is expected to grow by 17% in 2025, slightly outperforming the overall industry and growing 2.6 points faster than the value of video ad revenues on social media platforms. This reflects an...

Less than a year ago Canal+ CEO Maxime Saada shared during an investor presentation his thoughts about the relationship between Netflix and his company. He declared that “although we could be perceived as competitors, we were actually on the same side, encouraging people to pay for content”. After making this a reality in France and Poland, Canal+ recently took this...

Last year, Peacock generated more than $2B in advertising revenue. The Paris Olympics mainly drove this success, leading to a robust third quarter. In the first quarter of 2025, the growth was more modest (around 2.5% compared to 2024), but the future looks more promising as NBCUniversal’s streaming service is expected to capitalize on the new NBA rights that they...

In 2024, Latin America reached a record with 163 million Smart TVs installed, and streaming is consolidating as the main form of audiovisual consumption. The rapid adoption of streaming devices and accessible screens means that, in just five years, 90% of households in the region will have access to digital content on their televisions. In 2024, there were 163 million...

En 2024, América Latina alcanzó un récord con 163 millones de Smart TV instalados, y el streaming se consolida como la forma principal de consumo audiovisual. La rápida adopción de dispositivos de streaming y pantallas accesibles impulsa que, en solo cinco años, el 90% de los hogares de la región tengan acceso a contenidos digitales en sus televisores. En 2024,...

In an increasingly fragmented content consumption market, where record numbers meet looming forecasts, it's worth stepping back to assess which players truly gained ground over the past year. The usual suspects are leading the pack. Netflix nears 10 million new subscribers, more than one-third of the top 20 combined. Even as its ad-supported tier is only available in 5 markets,...

Announced in May 2023 following its year-end result publication, Vodafone embarked in a “right-sizing” journey over the last 2 years, most notably in Europe where it has significantly reduced its portfolio. The group has sold operations in Spain (to Zegona in October 2023) and in Italy (to Swisscom in March 2024), shortly after selling assets in Hungary (to 4iG in...