Philo Surpasses 1.3 Million Subscribers, Acquires Row8, Reports $450 Million Revenue

Philo, a low-cost streaming service, reported significant growth, surpassing 1.3 million subscribers and achieving $450 million in total revenue for 2024, marking a 20% year-over-year increase. The company expects to reach profitability in the coming year and has announced the acquisition of the transactional video-on-demand service Row8, which will be integrated into Philo by 2026. Additionally, Philo has appointed Edward King, a former executive at Tubi, as its Chief Product Officer to enhance product development and user experience. Philo differentiates itself by focusing on general entertainment and lifestyle channels while keeping subscription costs lower than many competitors. This growth comes amid ongoing challenges for traditional pay-TV providers as viewers increasingly cut the cord. As Philo expands its offerings and subscriber base, it aims to solidify its position within the competitive streaming landscape.