Fubo TV ended the fourth quarter with 1.67 million subscribers, up from 1.613 million North American subscribers in the third quarter and 1.45 million in the second quarter, the sports-focused streamer’s latest financial earnings report on Friday revealed.
Fubo ended the quarter with overall revenue at $433.8 million, up 8 percent from a year-earlier $410 million. During the three months to Sept. 30, Fubo TV saw subscription revenue rise to $406.8 million, against $370 million in the same period of 2023. That offset advertising revenue dropping to $34.3 million, compared to a year earlier $39 million.
Fubo TV did shrink its net loss from continuing operations to $38.5 million, against a year-earlier $70 million, while the latest adjusted EPS loss of 2 cents in the fourth quarter fell back from an 18 cents loss in the same year-ago period.
Last month, Venu, the sports-focused streaming service proposed by The Walt Disney, Warner Bros. Discovery and Fox Corp. was abandoned in the face of opposition from Fubo.
Fubo TV execs on a morning analyst call are expected to discuss a separate deal unveiled in January that will see Disney merge its Hulu + Live TV service with Fubo. The combined venture would be the second-biggest streaming MVPD after YouTube TV, and would be run by Fubo’s executive team, even with Disney maintaining majority ownership.
In connection with the deal, Fubo agreed to end its antitrust case against Venu.
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