🇪🇸 Movistar Plus+ finds its groove

Movistar Plus+ added 278,000 subscribers in 2025, a 7.9% year-on-year jump that took its total base to 3.8 million across IPTV and OTT. For context, in 2024 the net gain was just 94,000.

Their formula? Premium local originals, stacked sports rights and enough international series to round out the library. On the content side, Movistar Plus+ originals picked up 13 Goya Awards including Best Film and Best Director for Los Domingos. Sirat earned two Oscar nominations. On sports, Champions League renewed until 2031, LALIGA secured through 2031/32, the 2026 FIFA World Cup added through a DAZN deal and a new FIBA basketball agreement on top.

What makes Movistar Plus+ interesting is what it represents structurally. This is a telco-owned platform competing credibly against global streamers in a major European market by doing exactly what the textbook says: invest in local, lock up sports and grow distribution. In a continent where everyone talks about scale, Movistar Plus+ is proof that depth in a single market still works.