fuboTV Inc. (FUBO) leaps after strong revenue growth, raises subscriber outlook
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Fubo Exceeded Q1 2023 Guidance for North America With $316.5 Million Total Revenue and 1.285 Million Paid Subscribers, Raises Full Year 2023 Guidance; Reaffirms Expected 2025 Profitability Timeline
May 5, 2023 8:00 AM EDTNEW 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, 2023. Fubos North American streaming business exceeded guidance, posting double digit year-over-year (YoY) growth in total revenue ($316.5 million, up 34% YoY) and paid subscribers (1.285 million, up 22% YoY). The company is also raising full year subscriber guidance to 1.550 million-1.570 million subscribers (representing 8% YoY growth at the midpoint) and total revenue guidance to $1.235 billion-$1.265 billion (representing 27% YoY growth at the midpoint) in North America.
The company delivered ad revenue of... More
