Fubotv Inc. ( (FUBO) ) has released its Q4 earnings. Here is a breakdown of the information Fubotv Inc. presented to its investors.
FuboTV Inc., a sports-first live TV streaming platform, operates in the U.S., Canada, and Spain, offering a wide range of sports, news, and entertainment content. In its latest earnings report, FuboTV showcased significant growth in North America with record-breaking revenue of $1.588 billion and 1.676 million subscribers for 2024, marking a 19% and 4% year-over-year increase, respectively. The company also reported improvements in Net Loss and Adjusted EBITDA by $115 million, along with positive Free Cash Flow of $104 million.
Key financial highlights include a notable increase in North America viewership to over 1.7 billion hours and Fubo’s entry into the top 10 most-watched video services in the U.S. for the first time. The strategic agreement with The Walt Disney Company to combine Hulu + Live TV with Fubo is expected to enhance consumer choice and streaming experience. Additionally, Fubo plans to launch a new Sports & Broadcasting service tailored for sports fans by the fall 2025 sports season.
FuboTV’s fourth quarter results showed a Net Loss of $40.9 million, an improvement from the previous year, and an Adjusted EBITDA of -$8.7 million, reflecting a $41.4 million improvement. The company’s North America advertising revenue reached $33.9 million for the quarter, with a strong performance in direct advertising sales. Fubo also expanded its ad formats and content offerings, including new multicultural bundles and NBCUniversal’s FAST channels.
Looking ahead, FuboTV aims to continue its progress towards profitability in 2025, leveraging strategic partnerships and investments to enhance its streaming platform. The company’s focus remains on delivering a personalized and innovative streaming experience, with plans to expand its content and technology offerings.