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Telly’s Free-TV Rollout Reaches 35,000 Homes as Investor Note Details Breakage and Financing

An investor update points to high per-TV ad revenue despite growth capped by logistics problems.

Overview

  • As of the November 2025 investor update, Telly reported 35,000 TVs installed in homes, up from 28,000 the prior quarter.
  • The company said 10 percent of units shipped via FedEx arrived broken and reported lower damage rates after switching to a new delivery partner that Reddit posts indicate is RXO.
  • Telly disclosed $22 million in annualized revenue in Q3 2025, implying that each TV is generating more than $50 in monthly ad revenue.
  • The update said Telly raised $350 million in debt financing and indicated plans to ramp output with a potential 100,000-unit order from Foxconn.
  • Deployment continues to trail early promises and demand, with executives touting 500,000 shipments in 2023 and “millions more” in 2024 despite 250,000 preorders and widespread complaints about damaged deliveries.