FuboTV Sheds Subscribers In First Quarter

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FuboTV, a sports streaming service, revealed it concluded the initial quarter with approximately 1.47 million active paying subscribers in North America. This figure represents a decrease from 1.67 million at the close of the fourth quarter in 2024 and also less than the 1.61 million reported at the end of the third quarter that year.

In the same period last year, Fubo boasted approximately 1.51 million subscribers from North America. For the first quarter, the streaming service reported a total revenue of $416.3 million, which is an increase from the previous year’s $402.3 million. This figure surpassed analyst expectations of $415.45 million in revenues as per TipRanks Analyst Forecasts.

In comparison to the same timeframe in 2024, Fubo’s subscription earnings increased significantly to reach approximately $391.4 million.

Last year, our advertising revenue was at $27.4 million, but this year it has decreased to $22.8 million. However, despite the drop in ad revenue, our streaming platform managed to turn a profit, shifting from a previous year-earlier net loss of $56.3 million to a net income of $188.4 million from ongoing operations this year.

During the last quarter, there was a $220 million profit resulting from the resolution of legal disputes. In January 2024, the sports-centric streaming service project called Venu, which had been proposed by Disney, Warner Bros. Discovery, and Fox Corp., was scrapped due to resistance from Fubo.

Fubo Television executives announced a separate arrangement where Disney’s Hulu + Live TV service will be combined with Fubo. David Gandler, the co-founder and CEO of Fubo, expressed enthusiasm about this agreement with The Walt Disney Company and its potential to boost competition in the Pay TV industry. They are currently navigating through regulatory procedures, and more details will be disclosed when allowed.

Fubo execes will hold a pre-market analyst call on Friday.

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2025-05-02 15:24