FuboTV gains subs as losses mount

The sports-first live TV streaming platform FuboTV ended the third quarter with 1,231,000 subscribers in North America, or 31% more than a year earlier.

Its revenue in the region also grew impressively during the period, up 40% from $156.6 million to $219.2 million. Meanwhile, its operations in the rest of the world, which include France’s Molotov, acquired in Q4 2021, had 358,000 subscribers and revenues of $5.8 million in Q3 this year. On the other hand, FuboTV’s losses increased by 44%, from – $105.9 million to – $152.7 million.

Commenting on the results, Edgar Bronfman Jr., executive chairman, FuboTV, said: “We’re very pleased with Fubo’s third quarter performance demonstrated by double-digit year-over-year growth in North America across several of our KPIs: subscribers, total revenue and ad revenue.

“As consumers continue to become disillusioned with the many expensive and content-limited streaming services in the market, and those streaming services turn to other monetisation levers like advertising, we are excited about our unique positioning in the marketplace. We believe our dual subscription and advertising model provides value for shareholders while our aggregation of premium sports, news and entertainment content is an affordable option for consumers”.

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