Evercore ISI Downgrades fuboTV (FUBO) to In Line
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FuboTV Delivered Over $1 Billion in Global Annual Revenue in 2022; Closed Year With $984 Million in Revenue and 1.445 Million Subscribers in North America
February 27, 2023 7:00 AM ESTNEW YORK--(BUSINESS WIRE)-- FuboTV Inc. (NYSE: FUBO), the leading sports-first live TV streaming platform, today announced its financial results for the fourth quarter and full year ended December 31, 2022, delivering record highs in annual revenue and subscribers across its global business and exceeding previously announced forecasts. Notably, the company surpassed $1 billion in global annual revenue for the first time.
In North America (NA), Fubo achieved $984 million in total revenue (up 55% year-over-year), including $100 million in advertising revenue, and reached 1.445 million subscribers (up 29% year-over-year). Fubos fourth quarter revenue in NA was $312.1 million (up 36%... More
