The sports streaming platform FuboTV reported it ended the first quarter with 1.47 million paid subscribers in North America, down from 1.67 million at the end of the fourth quarter of 2024 and 1.61 million at the end of the third quarter that year.
Fubo had 1.51 million North American subscribers in the year-ago period. The streamer in the first quarter had overall revenue at $416.3 million, up from year-earlier $402.3 million. That beat an analyst projection of revenues at $415.45 million, according to TipRanks Analyst Forecasts.
Fubo saw subscription revenue rise to $391.4 million, against $373.7 million in the same period of 2024.
Advertising revenue dropped to $22.8 million, compared to a year earlier $27.4 million. The streamer swung to a net income from continuing operations at $188.4 million, compared to a year-earlier net loss of $56.3 million.
The latest quarter included a $220 million gain on the settlement of litigation. In January 2024, Venu, the sports-focused streaming service proposed by The Walt Disney, Warner Bros. Discovery and Fox Corp. was abandoned in the face of opposition from Fubo.
Fubo execs unveiled a separate deal that will see Disney merge its Hulu + Live TV service with Fubo. “We also remain excited about our agreement with The Walt Disney Company to combine Fubo with Hulu + Live TV, and its potential to increase competition in the Pay TV space. We continue to work through the regulatory process, and look forward to sharing more information when we are able,” David Gandler, co-founder and CEO of Fubo said in a statement.
Fubo execes will hold a pre-market analyst call on Friday.
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