Folks are increasingly finding fuboTV's service a better alternative than a traditional cable TV subscription. Looking at the end of Q3 results, the company boasted 945,000 paying subs, an impressive 108% increase from the same quarter last year when it had 450,000. One million subscribers means increased relevance, leverage and influence with content partners and leagues and the opportunity to go upstream on tentpole sports properties. The implications of this milestone are significant and far-reaching. To put this in perspective, as of the end of the second quarter 2020, we had approximately 286,000 subscribers. This is an extraordinary milestone by any measure but particularly remarkable given the momentum of our business over six short years. This is what fuboTV management had to say about the achievement in its third-quarter shareholder letter: Rather, the company eclipsed the milestone sometime after the end of the quarter and when it reported results on Nov. Interestingly, fuboTV did not surpass one million subscribers during its fiscal third quarter, which ended Sep. Let's dive deeper into the quarters' results. In that report, management revealed that the company has surpassed one million paying subscribers. The company is gaining momentum on the back of a tailwind that has consumers choosing to stream more of their content.įuboTV announced third-quarter financial results after the market closed on Nov. Institutional Distribution IntelligenceįuboTV (NYSE: FUBO) is a sports-centric streaming alternative to a traditional cable TV subscription.Non-Traditional Exchanges & New Markets.Directors’ and Officers’ Questionnaires.
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