Founded in 2015 as a sports-centric offering, Fubo has since broadened out but has along the way become a surprisingly receptive home for regional sports networks. In a conference call with analysts, CEO David Gandler said Fubo is bringing a “differentiated” service to market, especially in the sports arena. On an annual basis, Fubo has now cleared two significant thresholds, passing $1 billion in total revenue and $100 million in advertising revenue. The company posted negative adjusted EBITDA of $75.4 million in the fourth quarter, about 3% more red ink than in the year-ago period, but revenue surged 38% to $319.3. North American subscriber levels will reach 1.51 million to 1.53 million, which would be 5% growth. Fubo expects to take in between $1.195 billion and $1.225 billion in revenue, which would be 23% year-over-year growth at the midpoint.
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Most Moviegoers Will Still Go To Theaters Even If What They're Seeing Will Soon Be Streaming - StudyĪnother drag on the stock was the company’s guidance for 2023, which was more conservative than many analysts had expected.
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