FuboTV Posts Record Revenue, Reaches 1 Million Subscribers

FuboTV generated record revenue of $156.7 million in Q3 2021, a 156% increase compared to the same period last year. 

The impressive results were driven by a spike in paid subscribers, which reached 944,605 during the quarter, a 108% uptick compared to Q3 2020. FuboTV reported $138.1 million in subscription revenue in Q3 2021, a 151% increase year-over-year. 

Since the third quarter ended, the company has reached 1 million total paid subscribers.

Since raising $183 million ahead of its IPO in October 2020, FuboTV continues to grow. 

• In March, the company completed its acquisition of online sportsbook Vigtory, marking its first investment in sports gambling. 
• It agreed to a distribution deal in September with Root Sports, the TV home of the Seattle Mariners, Seattle Kraken, Gonzaga basketball, and regional broadcasts of the Portland Trail Blazers.
• Earlier this month, the company launched Fubo Sportsbook in Iowa, the first owned-and-operated sports wagering platform with live TV streaming in the U.S. 

In April, FuboTV acquired exclusive streaming rights to the 2022 World Cup qualifying matches of the South American Football Confederation. The company will be taking its free-to-play games out of beta for the September window of the qualifying matches that year.