• Loading stock data...
Friday, July 11, 2025

FuboTV Sees Growth in Its First Quarter of 2020, but Subscribers Drop

  • The OTT cable provider reported a 78% increase in revenue to $51 million.
  • Total subscribers also up double digits year-over-year, but down compared to the end of 2019.
Fubo
FuboTV

FuboTV had a 78% increase in revenue in the first quarter of its 2020 fiscal year as well as a significant monthly subscriber uptick since last year. However, the sports-focused platform did report a decline of total users since the end of 2019.

The multi-channel video programming distributor disclosed its delayed first-quarter financials on July 8 following its completed merger with FaceBank Group, Inc. in April 2020. The company previously reported its 2019 fiscal year performance in May.

FuboTV earned $51 million in revenue for the three months ending March 31. Monthly subscribers also grew by 37% to more than 287,000. However, total users are down 9% compared to the end of December when the streaming platform reported just under 316,000 users.

FuboTV has had an eventful 2020 mixing up its channel lineup. The company dropped several Fox regional sports networks along with FX and FXX in January. It later added both MLB and NHL Network in March before finally inking a multi-year deal with Disney Networks for ESPN, among other properties.

Even without live sports at the end of the quarter, FuboTV users watched an average of 120 hours of television per month, according to the company – up 52% year-over-year. That number has increased to 8.5 hours per day, or 145 hours per month, during the coronavirus pandemic for some customers.

“While we expect that the COVID-19 pandemic will have lasting effects on consumer behavior and live television viewing, vMVPDs [virtual multichannel video programming distributors] are also a more affordable alternative to pay TV, which, we believe, in this current economic climate, further accelerates adoption,” CEO David Gandler said in a July 8 letter to shareholders.

To balance the costs of newly added content, FuboTV dropped Turner Networks and announced a $5 price increase to its $54.99 base package on July 1. Fellow OTT cable provider YouTube TV also hiked up its monthly subscription price to $65 from $50 and is looking into building out new flexible models.

READ MORE: FuboTV Subscribers Show Appetite for Content Other Than Live Sports

Subscriptions continue to be the primary source of revenue for FuboTV. Subscription revenue grew 74% to $46.4 million in the first quarter. Advertising revenue also more than doubled by 120% year-over-year. However, total ad revenue amounted to only $4.1 million.

“Looking ahead, we continue to focus on growing our advertising revenue stream as we attract national advertisers across a number of verticals,” Gandler said. “We expect to drive revenue growth, continue to diversify our revenue mix [and] make progress on our path to profitability.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Disney

Disney Sues YouTube for Poaching Exec With Deep ESPN Ties

Disney objects to Justin Connolly’s sudden move to YouTube.

NFL Releases 2025 Schedule With Heavy Focus on Standalone Matchups

The 2025 NFL schedule separates more games into individual broadcast slots.

ESPN Income Down As Subscribers Fall, but Flagship Launch Looms

ESPN shows somewhat mixed results in Disney’s latest quarterly report.
Fubo-TV

Fubo Loses Subscribers; Focused on Disney Deal Despite Antitrust Probe

The streaming company plans to debut its planned sports bundle this fall.

Featured Today

Jun 28, 2025; Arlington, Texas, USA; Seattle Mariners catcher Cal Raleigh (29) bats during the game between the Texas Rangers and the Seattle Mariners at Globe Life Field.

The Torpedo Bat Business Is Still Going Strong: ‘Here to Stay’

Demand for the oddly shaped bats has stayed strong across the sport.
July 6, 2025

American Celebs Want to Be Sports Owners. Soccer Is Where They Start

As U.S. team prices climb, investors set their sights abroad.
July 5, 2025

Baseball’s Celebrity Row: Behind MLB’s First-Pitch Ritual

Often planned, sometimes spontaneous, the ritual throw is baseball’s celebrity row.
July 4, 2025

3,000 Hot Dogs, $20K in Prizes: Behind the Nathan’s Eating Contest

Nathan’s serves up thousands of hot dogs and $20,000 in prize money.
Jul 10, 2025; Wimbledon, United Kingdom; Iga Swiatek of Poland at her on court interview after winning her match against Belinda Bencic of Switzerland on day 11 at All England Lawn Tennis and Croquet Club.

Wimbledon Set to Deliver Strong Finals Matchup for ESPN

Novak Djokovic is still in the hunt for his 25th Grand Slam.
Feb 7, 2025; Storrs, Connecticut, USA; UConn Huskies center Tarris Reed Jr. (5) reacts after his basket against the St. John's Red Storm in the first half at Harry A. Gampel Pavilion.
July 8, 2025

After Decade Apart, ESPN and Big East Rekindle Media Rights Relationship

After a decade-plus apart, the network will stream hundreds of conference events.
Paige Bueckers
exclusive
July 8, 2025

Women’s March Madness Expansion Wouldn’t Yield More ESPN Money

ESPN is not required to pay extra if women’s March Madness expands.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

Dealmaker Jeffrey Kaplan maps the evolution of sports as an asset class
Jul 6, 2025; Houston, Texas, USA; Mexico forward Marcel Ruiz (14) heads the ball in front of United States midfielder Brenden Aaronson (11) in the second half during the 2025 Gold Cup Final at NRG Stadium.
July 7, 2025

USMNT Struggles Still Produce Big Gold Cup Ratings for Fox

The U.S. team’s recent issues culminated in a loss to Mexico.
July 2, 2025

Paramount Settles Trump Suit Ahead of NFL Season, Skydance Merger

The deal likely allows the much larger Skydance merger deal to proceed.
Leo Messi
June 27, 2025

TNT, Club World Cup Ride Messi to Surprisingly Solid Debut Ratings

TNT Sports carries about a third of matches in the U.S.
June 24, 2025

Fever vs. Aces Draws 5th-Largest TV Audience of 2025 WNBA Season

ESPN will carry seven more Indiana Fever games this year.