Fubo TV has reported a four percent increase in subscribers, ending Q4 2024 with 1.676 million paid users, and an eight percent rise in quarterly revenue to $433.8 million. Despite these gains, the company posted a major net loss of nearly $178 million for the year, albeit an improvement from prior losses. Following a proposed merger with Hulu + Live TV, pending approval, Fubo aims to strengthen its market position despite facing significant competition and content gaps, particularly from Warner Bros. Discovery channels.
Fubo TV increased its Q4 2024 subscriber count by about four percent, reaching 1.676 million, while quarterly revenue rose by eight percent to $433.8 million.
Despite the surge in subscribers and revenue, Fubo continues to experience significant net losses, posting nearly $178 million for the year but improved its losses by over $115 million from the prior year.
Disney plans to acquire a 70 percent stake in Fubo and merge it with Hulu + Live TV, pending approval, creating a new entity to manage the two brands.
Fubo is known for being one of the best live TV services for sports, but it lacks Warner Bros. Discovery content, missing key NBA and MLB games.
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