The graph below shows the top five video streaming service providers in June. Hulu, Discovery+, Peacock, and FuboTV remained in the top five lists for July. Apple TV+ is a new entrant. Meanwhile, HBO MAX lost its spot. FuboTV is a leading live TV streaming platform primarily focused on sports, news, and entertainment. It mostly earns revenue from subscriptions and the sale of advertisements. Per TipRanks’ website traffic tool, the number of visits to fubotv.com was up 43.28% year-over-year in July. However, what’s concerning is that FuboTV is witnessing a decline in web visit trends on a month-over-month basis.
Based on the growth in website traffic that each streaming service provider experienced year over year in July 2022, this article rates them. According to website traffic statistics, Apple TV+ entered the top five. HBO MAX dropped out of favour. Let’s examine which service provider won the streaming battle in July in keeping with our prior article on the top five streaming service providers (streaming firms selected using TipRanks’ Website Traffic screener based on year-over-year growth). Let’s take a look at the top five list from June first, though, before we view the data for July.
According to TipRanks’ website traffic tool, Discovery+ dropped from the number two spot in June to the fourth position in July. The number of visits to discoveryplus.com was up 55.57% year-over-year in July 2022. Moreover, like FuboTV, Discovery+ witnessed a month-over-month slowdown in traffic. Warner Bros. Discovery owns Discovery+. On average, analysts have a price target of $24.13 on WBD stock, implying 78.5% upside potential. Meanwhile, it has received eight Buy, eight Hold, and one Sell recommendations for a Moderate Buy raring consensus.
Analysts are cautiously optimistic about FUBO stock. It has received two Buy and five Hold recommendations for a Moderate Buy rating consensus. Moreover, the analysts’ average price target of $6.20 implies 55.97% upside potential. Discovery+ is a streaming platform owned by Warner Bros. Discovery. The Discovery+ has expanded internationally and now includes original series and documentaries. Discovery+ service is available with ads or on an ad-free tier. This provides the company with dual revenue streams.
Peacock is a premium DTC (direct-to-consumer) streaming service owned by NBCUniversal, a subsidiary of Comcast Corporation. It features Peacock originals, current NBC and Telemundo shows, live sports, late-night comedy, and movies. It retained its number three position in July as well. The website traffic to peacocktv.com gained 68.56% year-over-year in July. What stands out is that traffic to peacocktv.com also improved month-over-month. Comcast owns peacock TV. CMCSA stock sports a Moderate Buy rating consensus on TipRanks based on 12 Buy, eight Hold, and three Sell recommendations. Further, their average price target of $46.83 implies 26.2% upside potential.