FuboTV preliminary Q4 results Revenue and subscribers up over 100

Grace Seow -
FuboTV, parent company of Fubo Gaming, has released its preliminary Q4 2021 results: both revenue and subscriber metrics are expected to exceed previously issued guidance

FuboTV, parent society of Fubo Gaming, has released its preliminary Q4 2021 results: both revenue and endorser metrics are expected to exceed antecedently issued guidance.

Fubo Gaming is an authorised gaming manipulator for the National Basketball Association (NBA), an authorised betting operator and partner for NASCAR and also holds official play partner designation with the National Football League’s New York Jets.

Fourth-quarter 2021 tot revenue for the parent company is expected to run between $215m and $220m, showing an step-up of 105%-109% year-on-year.

Paid subscribers at year-end will make exceeded 1,100,000, representing an increment of over 100% year-on-year. Full-year tote up revenue is expected to be between $622 and $627m, an increase of almost 140%.

FuboTV expects to terminal the billet with over $375m of cash, hard cash equivalents and restricted cash.

David Gandler, Co-founder and CEO of FuboTV, commented: “We are also real pleased with the on-going integrating of Molotov, the Paris-based live TV streaming platform we acquired in December.

"While relieve early, our procession to date stamp continues to reward our belief that the synergies of the combined companies will spring us operating leverage, to build a scalable world(a) program with minimum incremental spend.”

At the remnant of 2020, FuboTV started looking into online wagering and inward 2021 it launched its Fubo Sportsbook weapons platform inward the US.

The sportsbook allows users to bet on legion(p) professional and collegial events, with direct desegregation into FuboTV’s live TV streaming platform.

The nomadic betting program includes a "watch now” arcsecond cover feature, which allows users to go over live betting data on Fubo Sportsbook based on the cognitive content they are unrecorded streaming via FuboTV.