Summary of Fubo Group Conference Call Company Overview - **Company**: Fubo Group - **Date**: October 15, 2025 Key Points Industry and Business Model - Fubo Group leverages digital rights management to help content clients track IP usage, monitor piracy, and share advertising revenue, which is expected to significantly expand its business [2][3] - The company has introduced AI-driven platforms, Dream Maker and Max, to provide creators with creative space and monetization services [2][4] AI Technology Impact - AI technology is transforming the content industry through methods like pseudo-authentic rewriting, IP remixes, and AI-generated original stories [2][4] - In the first half of 2025, AI-generated videos accounted for 3% of Fubo's active assets, with an expected growth rate of 25% for the year [2][9] Expansion into Music - Fubo Group acquired the PAX team, expanding its services from film to the music sector, thereby enhancing its competitiveness and market share in the music industry [2][5] Growth in Value-Added Services - In the first half of 2025, value-added services showed significant growth, surpassing half of the overall revenue, driven by popular applications and the development of C-end applications [3] Content Protection and Monetization - The Max platform empowers small and medium creators by providing content rights management and monetization services, allowing them to benefit from piracy and remixes [2][7] - Fubo Group's approach includes a revenue-sharing model that compensates original creators for unauthorized use of their content [8] Market Environment and Copyright Issues - The legal challenges faced by platforms like Kuaishou due to copyright infringement have led to an increase in copyright libraries, improving the overall copyright environment [2][18] - Fubo Group emphasizes the importance of third-party data verification to ensure fair handling of copyright issues, positioning itself as a trusted service provider in the industry [11][13] Future Outlook - Fubo Group anticipates continued growth driven by AI technology and the increasing volume of secondary creation videos, with a positive long-term outlook for the industry [10][19] - The company reported a 23% revenue growth and nearly doubled profits in the first half of 2025, indicating strong performance and potential for future expansion [19] Revenue Sharing and Partnerships - The revenue-sharing model with large film groups is currently set at 30% for Fubo and 70% for the partners, with potential adjustments to increase Fubo's share in the short term [16] - Fubo aims to enhance its influence among creators and improve revenue-sharing ratios through its platforms [15] Conclusion - Fubo Group is well-positioned to capitalize on the evolving content landscape, driven by AI advancements and a focus on copyright protection and monetization services, with a strong growth trajectory anticipated in the coming years [19]

Group 1 - The core point of the article is that Vobile Group (03738) saw a nearly 8% increase in stock price after announcing the completion of a HKD 1.6 billion bond issuance, aimed at enhancing its AIGC and RWA-related businesses [1] - The company plans to allocate 50% of the funds raised from the bond issuance to develop and invest in artificial intelligence-generated content (AIGC) and real-world asset (RWA) related businesses, 30% for repaying existing debts, and 20% for general working capital [1] - Vobile Group is positioned as a global leader in digital content protection and transaction services, strategically placed in the AI-driven content industry transformation [1] Group 2 - The company’s forward-looking platforms, Vobile MAX and Dream Maker, are expected to capitalize on the growth opportunities for small and medium-sized creators in the AI era, transitioning from a SaaS provider to a platform operator [1] - The stock price reached HKD 5.98 with a trading volume of HKD 349 million at the time of reporting [1]