FuboTV Streaming Service Reports Record Q4, 2020 Results
Sports-centric live TV streaming service fuboTV announced Tuesday that it tallied its strongest fourth quarter ever and year to date.
The company said it generated revenue of $105.1 million in the fourth quarter of 2020, its largest quarterly period to date. The company ended the year 2020 with 547,880 paid subscribers, including 92,800 net subscriber additions in the year’s last quarter.
For full year 2020, the company reported subscribers streamed more than 545 million hours of content at an average rate of 206 monthly hours streamed per user, at the end of December. Full-year 2020 revenue was $269 million.
“fuboTV’s fourth quarter closed our strongest fiscal year to date,” stated David Gandler, co-founder and CEO, fuboTV. “Our record 547,880 paid subscribers streamed more sports, news and entertainment content than ever before. Building on this quarter and year, we remain focused on continued innovation and are excited about our growth opportunities for 2021, including the ongoing expansion of our advertising business and the development of our own sportsbook.”
According the company statement, in the year ahead fuboTV will be focused on transforming into a media company that combines both streaming video and sports wagering.
“We intend to deliver leading sports, news and entertainment content to a growing subscriber base that transcends the industry’s current virtual MVPD model, and are excited about our ability to capitalize on the future market opportunity,” according to Edgar Bronfman Jr., fuboTV executive chairman.
FuboTV’s monthly base family share streaming tier with DVR runs $64.99 per month. This includes 121 channels, and more than 130 events in 4K, 250 hours of cloud DVR storage, and up to 3 simultaneous streaming screens.
The fubo Elite Base Family Share Plan with extra 1000 hours of DVR recording time runs $79.99, and the fubo Latino Quarterly 250 Hour DVR Family Share plan runs $99.99 a quarter (or $33 per month).
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By Greg Tarr
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