Hollywood Reporter: FuboTV Sheds Subscribers In First Quarter

Story from Hollywood Reporter:

The sports streaming platform FuboTV reported it ended the first quarter with 1.47 million paid subscribers in North America, down from 1.67 million at the end of the fourth quarter of 2024 and 1.61 million at the end of the third quarter that year.

Fubo had 1.51 million North American subscribers in the year-ago period. The streamer in the first quarter had overall revenue at $416.3 million, up from year-earlier $402.3 million. That beat an analyst projection of revenues at $415.45 million, according to TipRanks Analyst Forecasts.

Fubo saw subscription revenue rise to $391.4 million, against $373.7 million in the same period of 2024. The company reiterated it looked to get to profitability for its sports-centric streamer in 2025.

Advertising revenue dropped to $22.8 million, compared to a year earlier $27.4 million. The streamer swung to a net income from continuing operations at $188.4 million, compared to a year-earlier net loss of $56.3 million.

The latest quarter included a $220 million gain on the settlement of antitrust litigation. In January 2024, 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 execs unveiled a separate deal that will see Disney merge its Hulu + Live TV service with Fubo. “We also remain excited about our agreement with The Walt Disney Company to combine Fubo with Hulu + Live TV, and its potential to increase competition in the Pay TV space. We continue to work through the regulatory process, and look forward to sharing more information when we are able,” David Gandler, co-founder and CEO of Fubo, said in prepared remarks during a pre-market analyst call on Friday.

Gandler discussed an ongoing dispute after TelevisaUnivision pulled its networks from Fubo in Dec. 2024, with the prospect of talks between the parties getting started to resolve their content pricing differences. “We’re certainly open to those discussions on acceptable terms,” the Fubo CEO told analysts.