show reports 2020

Fubo TV Revenue Passes $100M For First Time In Q4, With Subscribers Approaching 550,000

deadline.com

FuboTV ended 2020 on an upswing, reporting $105.1 million in revenue and 547,880 subscribers to its internet-delivered pay-TV bundle.The company reported a net loss of $167.8 million in the period.

That figure as well as the revenue number — Fubo’s first quarter above $100 million — beat Wall Street analysts’ consensus forecasts.The company raised its revenue guidance for 2021 to $460 million to $470 million, predicting it will have 760,000 to 770,000 subscribers by the end of the year.While Fubo has showed notable growth of late, it has been in the market since 2015 and remains a fraction of the size of internet TV rivals like Hulu, YouTube TV and Sling.

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