Fubo TV ended the third quarter with 1.1613 million North American subscribers, up from 1.45 million in the second quarter and up 9 percent from 1.47 million in the year-earlier period, its latest financial earnings report on Friday showed.
The sports-first streamer, which is battling to stop a rival Disney, Warners Bros. Discovery and Fox sports streaming joint venture in the works, ended the quarter with overall revenue at $374.7 million, up 21 percent from a year-earlier $312 million.
That beat an analyst estimate of $376.8 million in Q3 revenue. During the three months to Sept. 30, Fubo TV saw subscription revenue rise to $356.5 million, compared to $289.6 million in the same period of 2023. At the same time, advertising revenue fell back to $27 million, against a year-year earlier $30.5 million.
Fubo TV did trim its net loss from continuing operations to $54.7 million, or an adjusted 8 cents per-share loss, compared to a net loss from continuing operations of $84.4 million, or an adjusted EPS loss of 22 cents in the third quarter of 2023.
In Aug. 2024, a federal judge temporarily blocked a joint venture from media giants teaming up to pool together their sports licensing rights to form a new streaming service, which was challenged by rival sports streamer Fubo.
During a morning analyst call, Fubo CEO David Gandler said he expected the preliminary injunction to remain in place, despite an appeal in the works. “Our fight against the JV is only our first step in helping create a fair streaming marketplace,” he argued.
Fubo TV has insisted the proposed sports joint venture from Disney, WBD and Fox Sports, if allowed to launch, will crush market competition and increase subscription prices for TV viewers. The company’s anti-trust lawsuit against the JV is expected to be heard in Oct. 2025.
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