fuboTV Inc. (FUBO) Misses Q1 EPS by 9c, Revenue Beats, Offers Guidance

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Go back to fuboTV Inc. (FUBO) Misses Q1 EPS by 9c, Revenue Beats, Offers Guidance

fuboTV Delivered Record $119.7M Revenue, Grew Total Subscribers to 590K in Q1 2021; Increases 2021 Guidance

May 11, 2021 4:05 PM EDT

Live TV Streaming Platform Also Increased Ad Revenue 206% to $12.6M YoY

NEW YORK--(BUSINESS WIRE)-- fuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the first quarter ended March 31, 2021. The company closed the strongest first quarter in its history, delivering better-than-expected growth in subscribers (590,430, up 105% year-over-year, including 43,000 net additions in the quarter), total revenue ($119.7 million, up 135% year-over-year) and advertising revenue ($12.6 million, up 206% year-over-year). The quarter marked the first time fuboTV achieved sequential subscriber and revenue growth in any first quarter, despite... More